GREEN MANAGEMENT COST AND FINANCIAL PERFORMANCE OF LISTED FIRMS IN NIGERIA: OIL AND GAS INDUSTRY EXPERIENCE
GREEN MANAGEMENT COST AND FINANCIAL PERFORMANCE OF LISTED FIRMS IN NIGERIA: OIL AND GAS INDUSTRY EXPERIENCE

Summary/Abstract: The study investigates the effect of green management cost on financial performance of listed firms in Nigeria: Oil and Gas industry experience. Expo –facto research design was used for the study. Population of the study consists of thirteen (13) oil and gas firms listed on the Nigeria Stock Exchange as at 31stDecember, 2018. We applied linear regression analysis with the aid of SPSS 20.0 software for the panel data in order to determine the relationship between the variables. the study observed that the expenses incurred by oil and gas firms on environmental protection do not significantly affect their profitability. The study recommends among others that Oil and Gas listed firm continue to improve on protecting their green environment and it will boost their business sustainability drive. However, regulatory authority should mandate all oil and gas industry to protect their environments. Severe punishment should be awarded to firms that refused to protect their green environment.

• Details
• Contents