Home»Accountancy» Triple bottom line reporting and financial performance of quoted oil and gas firms in Nigeria

Triple bottom line reporting and financial performance of quoted oil and gas firms in Nigeria

 Department:Accountancy  
 By:usericon PRINDYTECHNIE  

 Project ID: 8861
 Rating:  (3.3) votes: 6
   Price:₦5000
Abstract
This study seeks to examine the effect of triple bottom line reporting on the financial performance of quoted oil and gas firms in Nigeria. The objective of the study was to ascertain the effect of economic, social and environmental bottom lines on the cash flow return on investment of quoted oil and gas firms in Nigeria. The study employed an ex-post facto research design and covered the period of 2013-2023. Pearson Correlation analysis, descriptive analysis, and Panel Least Squares regression analysis were used to analyze the data. The analysis result showed that economic bottom line reporting has a significant and positive effect on cash flow return on investment of quoted oil and gas firms in Nigeria, social bottom line reporting has a significant and positive effect on cash flow return on investment of quoted oil and gas firms in Nigeria and environmental bottom line reporting has a significant and positive effect on cash flow return on investment of quoted oil and gas firms in Nigeria. The study recommended, among others, that corporate firms should undertake more social responsibility and environmental responsibility in order to strengthen their communication with stakeholders and then improve corporate image and market competition....
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