Effect of Triple Bottom Line Reporting on The Performance of Quoted Oil and Gas Companies in Nigeria

AFRAG032

Effect of Triple Bottom Line Reporting on The Performance of Quoted Oil and Gas Companies in Nigeria

Dr. Sunday A. Effiong 08037115127 drsunnyeffi@yahoo.com

Department of Accounting, Faculty of Management Sciences, University of Calabar, Nigeria

Ahakiri I. Francis 08062645764

Ahakirifrancis.1@gmail.com Department of Accounting, Faculty of Management Sciences, University of Calabar, Nigeria

Abstract

The study was carried out on the effect of Triple Bottom Line reporting on corporate performance of listed petroleum companies in Nigeria. It was conducted for the purpose of knowing how responsible petroleum firms in Nigeria are interacting with the society in which they conduct their businesses. The study made use of secondary data obtained from annual reports of the companies under study. The data collected were analyzed using multiple regression analysis. The results of analysis revealed that economic performance disclosure and environmental performance disclosure have no significant effect on return on asset while social performance disclosure has significant effect on company’s performance. Based on the findings, it was recommended that mandatory reporting framework should be put in place for petroleum firms listed in the Nigerian stock exchange to encourage

sustainability reporting by these companies.

Keywords: Triple Bottom Line, Reporting, performance, environment, corporate

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