ENVIRONMENTAL ACTIVITIES AND ITS IMPLICATIONS ON THE PROFITABILITY OF OIL COMPANIES IN NIGERIA
Journal Title: International Journal of Physical and Social Sciences (IJPSS) - Year 2012, Vol 2, Issue 3
Abstract
The study examines the cost implications of environmental activities on the profitability of oil companies. Data for the study were collected from the internal management report and analyzed using the ordinary least square (OLS) method. The results revealed that there is a significant relationship between environmental activities and profitability. Proper management of environmental activities is therefore desirable if organizational profitability is to be sustained. It was recommended that Nigeria petroleum companies should show data on environmental expenditure, environmental cost charged to income in the account as well as details in the notes to the accounts. To enhance the effectiveness of the policy, separate accounts should be opened for environmental expenditures in order to facilitate the measurement and reporting of environmental expenditures and environmental performance of each company as well as the whole sector.
Authors and Affiliations
TAPANG, ARZIZEH TIESIEHB. Sc. , M. Sc. , BASSEY, EYO BASSEYB.Sc., M. Sc. , MBA, Ph. D, BESSONG, PETER KEKUNGB. Sc. , M. Sc. ,Ph. D
Keywords
Related Articles
- EP ID EP41593
- DOI -
- Views 396
- Downloads 0
SOFT SKILLS IN STATUS QUO
In modern era there is a hue and cry of development of soft skill. This article deals with the importance of the recent notion of soft skills, its contents, importance and the way of its development. Here an effort has...
IndIa’s agrIculture: Challenges for Growth & development in present scenario
Agriculture is the backbone of Indian Economy. About 65% of Indian population depends directly on agriculture and it accounts for around 22% of GDP. Agriculture derives its importance from the fact that it has vital su...
Dynamics of fishers’ LiveLihooDs in the Wake of Declining Fisheries Resources in Lake Victoria
This paper explores the diversity of livelihoods to fishing communities in the wake of declined fisheries resources. A total of 246 respondents were involved in a cross-sectional research design whereby interviews, foc...
THE ROLE OF NGOS TO THE ELIMINATION OF CHILD LABOUR IN THE MATCH INDUSTRY BELT OF TAMIL NADU
The role of Non Governmental Organisation (NGOs) in the promotion of human rights at international, and regional levels is widely recognized and endorsed by the international community. NGOs contribute significantly to...
A study on purchasing attitude towards Ready-to-eat/cook products by health conscious consumers in Southern India with respect to Tier-I cities
The purpose of this study is to explore and study the purchasing attitude towards Ready-toeat/cook products by health conscious consumers in Southern India. To find out what are all the major factors influences consumer...