AMJD Volume. 11, Issue 3 (2022)

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Contributor(s)

Olaoye, Clement Olatunji, and Adekanmbi, John Ayodele
 

Keywords

Earning per share; Environmental Costs ;Oil and Gas Manufacturing Firms ; Green Accounting.
 

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Effects of Environmental Costs on Earning Per Share of Selected Oil and Gas and Manufacturing Firms in Nigeria

Abstract: The study examined the impact of environmental costs on earnings per share of oil and gas and manufacturing firms in Nigeria. Specifically, the study evaluated the influence of environmental costs on the earnings per share of oil and gas and manufacturing firms in Nigeria. It was a quantitative study, and secondary data sourced from the published financial reports of the sampled firms for 20 years and across 10 firms in the oil and gas and manufacturing sectors were analyzed using descriptive statistics, Pearson correlation, unit root test, panel regression with regards to pooled ordinary least square (OLS) estimation, fixed effect estimation, two-ways fixed effect estimation, random effect estimation, and other position estimation tests, which include the restricted F-test, Hausman test, Wald test of heterogeneity, Pearson test of cross-sectional dependence, and Wooldridge test. The finding revealed that environmental costs exerted negative and insignificant effects on earnings per share to the tune of -5.0121 (p = 0.844 > 0.05). The paper concluded that environmental costs have a statistical relationship with the performance of firms in the oil and gas and manufacturing sectors in Nigeria.
 
 
 

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