Title:
Emerging Corporate Reporting Perspectives and Operational Performance of Listed Oil and Gas Firms in Nigeria

Authors:
Ifedigbo, Samuel Onyemaechi; Onodi, Benjamin Ezugwu, Nigeria

Abstract:

The study examined emerging corporate reporting perspectives and operational performance of listed oil and gas firms in Nigeria. The study adopted a mixed research method using both correlation and causal research design in analyzing the data of the 7 (Sampled) listed Oil and Gas firms from 2011-2020. Findings revealed that there exists a positive weak relationship between sustainability disclosure and sales performance of the listed Oil and Gas firms in Nigeria. But sustainability cost has a strong positive relationship with sales performance of the listed Oil and Gas firms in Nigeria. Based on the findings, we conclude and recommend that listed Oil and Gas firms in Nigeria should adopt the recommendation made by GRI to report seprately sustainability performance of the firms outlining the cost implication for being environmetally, socially and economically responsible. This will signal the ethical concerns of the firms to the various stakeholders thus, increase the patronage of their products and in turn increase the firms sales. It was further recommended that listed Oil and Gas firms should ensure that more figures are disclosed than relying only on letters. Figures and pictorial evidence will attract the attention of stakeholders to the sustainability disclosure items of the firms and subsequently improve the trust and patronage of the firm. The current sustainability report is lacking in this aspects, that may be the reason why the result showed a weak insignificant relationship with the sales performance of the listed Oil and Gas firms.

DOI: https://doi.org/10.51505/IJEBMR.2022.61109