ENVIRONMENTAL RESPONSIBILITY DISCLOSURE AND PERFORMANCE OF OIL AND GAS FIRMS LISTED IN NIGERIA: MODERATING ROLE OF EARNINGS MANAGEMENT
Keywords:
Earnings Management, Environmental Responsibility, Financial Performance, Return on AssetAbstract
The study investigated the moderating role of earnings management on the relationship between environmental responsibility and financial performance of listed oil and gas firms in Nigeria. The specific objective of the study was to determine the extent to which earnings management moderates the relationship between environmental responsibility and return on assets of listed oil and gas firms in Nigeria. The study used ex-post facto research design. The population of the study was made up of ten (10) listed oil and gas firms in Nigeria from which a sample size of six (6) was purposively selected. Secondary data were obtained from the annual reports of the sampled firms. The period of study covered ten years (2012 to 2021). The moderated regression technique was used to validate the research hypothesis at 5% level of significance. Findings revealed that earnings management has an insignificant negative moderating effect on the relationship between environmental activities and the return on asset of listed oil and gas firms in Nigeria. In conclusion, when firms engage in earnings management, it not only impacts financial performance but also affects the perception of their commitment to environmental responsibilities. As such, the study recommends that firms should refrain from engaging in earnings management practices, as these could undermine the genuine positive impacts of their environmental responsibility efforts.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.
