Authors : Oonuoha Ijeoma Perpetua, Nnnachi Robert Azu, Nwakaego Promise Edeogu and Ezeani Nneka Salome
Abstract: This research work focuses on the relevance of sustainability accounting on financial performance of selected oil and gas firms in Nigeria: a study of Shell Petroleum Development Company. The objective of this study is to carefully analyze the relevance of sustainability reporting on the financial performance of selected oil and gas firms in Nigeria. Specifically, this study intends to: ascertain the relationship between sustainability accounting and financial performance of selected oil and gas firms in Nigeria in respect to their Return on Assets (ROA), Return on Equity (ROE) and Return on Investment (ROI). This study covers a period of nineteen years and employed a time series data spanning years 2000-2019. The methodology adopted in this work is the Ordinary Least Square (OLS) method of regression analysis and quasi-experimental research design. Secondary data garnered from Journal publications, test books and annual financial reports various years of the selected oil companies constitutes the sources of the data used in the analysis of this study. This study among others recommends the need for Companies operating in Nigeria, oil and gas companies inclusive to adopt sustainability reporting initiatives as this enables them to identify, apportion and appraise ecological and social cost affecting their various businesses and also enable managers to acquire strategies and techniques which are needed in the management of corporate organization’s ecological, social and economic performance.
Oonuoha Ijeoma Perpetua, Nnnachi Robert Azu, Nwakaego Promise Edeogu and Ezeani Nneka Salome, 2020. Relevance of Sustainability Accounting on Financial Performance of Selected Oil and Gas Firms in Nigeria: A Study of Shell Petroleum Development Company. International Business Management, 14: 294-304.