Journal of Business and Management

Journal of Business and Management

ISSN: 2291-1995 (Print)    ISSN: 2291-2002 (Online)

Volume 2 (2013), No. 2, Pages 1-10

DOI: 10.12735/jbm.v2i2p01

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The Impact of Environmental Cost on Corporate Performance: A Study of Oil Companies in Niger Delta States of Nigeria

Ifurueze M.S.K Cna Acti1  Lyndon Miekoromo Etale2  Bingilar Paymaster Frank2 

1Department of Accountancy, Anambra State University, Igbariam Campus, Anambra State, Nigeria
2Department of Finance & Accountancy, Niger Delta University, Wilber Force Island, Bayelsa State, Nigeria

URL: https://doi.org/10.12735/jbm.v2i2p01

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Abstract

The study examined the impact of environmental cost on corporate performance in oil companies in the Niger Delta States of Nigeria. The field survey methodology was utilized involving a selected sample of twelve oil companies. The multiple regression analysis was explored to test the hypothesis. An investigation was undertaken into the possible relationship between corporate performance and three selected indicators of sustainable business practices: Community Development Cost (CDC), Waste Management Cost (WMC) and Employee Health and Safety Cost (EHSC). The study revealed that sustainable business practices and corporate performance is significantly related. And sustainability may be a possible tool for corporate conflict resolution as evidenced in the reduction of fines, penalties and compensations paid to host communities of oil companies. Therefore, the researchers recommended that the management of oil companies in the Niger Delta States of Nigeria develop a well articulated environmental costing system in order to guarantee a conflict free corporate atmosphere needed by managers and workers for maximum productivity and eventually improve corporate performance.

JEL Classifications: Q56, Q52, K32

Keywords: environmental cost, corporate performance, sustainable business practices, maximum productivity, conflict free corporate atmosphere

To Cite this Article: Cna Acti, I. M. S. K., Etale, L. M., & Frank, B. P. (2013). The Impact of Environmental Cost on Corporate Performance: A Study of Oil Companies in Niger Delta States of Nigeria. Journal of Business and Management, 2(2), 1-10. https://doi.org/10.12735/jbm.v2i2p01

Copyright © Acti Ifurueze M.S.K Cna et al.

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This article is published under license to Science and Education Centre of North America. This is an Open Access article distributed under the terms of the Creative Commons Attribution 4.0 International License.

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The Impact of Environmental Cost on Corporate Performance: A Study of Oil Companies in Niger Delta States of Nigeria
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