Environmental Accounting and Performance of Petroleum and Communication Firms in Nigeria (2012-2022)

This study examined the effect of environmental accounting and performance of petroleum and communication firms in Nigeria. It was necessitated by the fact that petroleum and communication firms in Nigeria needs to implement appropriate environmental costs accounting that will help stakeholders in taking economic decision and by extension, create an improvement in the firms' performance. The broad objective of this study is to investigate the environmental accounting and performance of petroleum and communication firms in Nigeria. Ex- post facto research design was adopted. The population of the study consists of nineteen (19) petroleum and communication firms in Nigeria. Out of the nineteen (19), ten (10) firms were randomly chosen as a sample based on the meeting of requirements of the Nigeria exchange group (NGX). Four (4) Communication firms and six (6) petroleum firms. Time series data were gathered from the annual reports and financial statements of particular petroleum and communication firms. Multiple regression analysis and SPSS Version 26 were used in the analysis. This implied that the null hypothesis was accepted, implying that Community development Cost does not significantly affect return on assets of petroleum and communication firms in Nigeria. The EHSC has a beta coefficient of 100019 and a p-value of 0.3735 which is greater than the significance level at 5%. It means that happy and healthy workforce will lead to increase in productivity and by extension increase financial performance of firms concerned. Based on these results obtained we accept Ho and reject HI. We found that community development cost does not significantly affects Return on Assets of listed petroleum and communication firms in Nigeria; and that a happy and healthy staff would enhance production and, by extension, increase the financial performance of firm concerned. Based on the findings, we recommend, among others, that Nigerian petroleum and communication sectors should invest in community development initiatives to foster positive connections with local community and minimize unemployed youths.