This study ascertains the effect of environmental costs on financial performance of oil and gas companies on the Nigeria stock exchange. The specific objectives are to: Ascertain the effect of Environmental Remediation Cost on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange, and evaluate the effect of Compliance Cost on Tobin’s Q of Oil and Gas Companies on the Nigeria Stock Exchange. Ex Post Facto research design was adopted for the study. Data were gathered from the published financial statements of the eleven (11) Oil and Gas companies for eleven (12) years period. The study found that Compliance Cost and Environmental Remediation Cost have significant effect on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange. Based on this, the researchers recommended amongst others that since Environmental Remediation Cost and financial performance are positively related, then oil and gas firms should be environmentally friendly to enable them gain competitive advantage, high liquidity and reduced environmental cost in the long run.
{"title":"ENVIRONMENTAL COSTS AND FINANCIAL PERFORMANCE OF OIL AND GAS COMPANIES IN NIGERIA","authors":"A. Oraka","doi":"10.46654/RJMP.1514","DOIUrl":"https://doi.org/10.46654/RJMP.1514","url":null,"abstract":"This study ascertains the effect of environmental costs on financial performance of oil and gas companies on the Nigeria stock exchange. The specific objectives are to: Ascertain the effect of Environmental Remediation Cost on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange, and evaluate the effect of Compliance Cost on Tobin’s Q of Oil and Gas Companies on the Nigeria Stock Exchange. Ex Post Facto research design was adopted for the study. Data were gathered from the published financial statements of the eleven (11) Oil and Gas companies for eleven (12) years period. The study found that Compliance Cost and Environmental Remediation Cost have significant effect on Tobin’s Q of Oil and Gas Companies listed on Nigeria Stock Exchange. Based on this, the researchers recommended amongst others that since Environmental Remediation Cost and financial performance are positively related, then oil and gas firms should be environmentally friendly to enable them gain competitive advantage, high liquidity and reduced environmental cost in the long run.","PeriodicalId":221836,"journal":{"name":"Research Journal of Management Practice","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133874996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examined the imperative of accounting ethics in adopting fraud preventive measures in Nigeria. To achieve this objective, the survey research design was adopted while primary data was sourced through structured questionnaire. Data collected were analyzed using Descriptive statistical tools (tables, frequency distribution and percentages) and Spearman’s Nonparametric Correlation. It was discovered that the effectiveness of other fraud preventive measures depends to a large extent on the level of ethical compliance by accountants. Findings also revealed that compliance with ethical codes is an effective way to prevent fraud. Hence, strict enforcement by relevant professional bodies will increase the compliance level, thereby reducing the incidences of fraud in Nigeria. It was concluded that accounting ethics plays significant role in the adoption of fraud preventive measures in Nigeria. Therefore, it is recommended that organizations should adopt measures that will encourage accountants to discharge their responsibilities in accordance with the requirements of the ethical code without undue influence or pressure from management. Furthermore, accounting bodies should put in place strict monitoring and disciplinary measures that will ensure compliance with ethical principles. This will restore the confidence and reputation of the accounting profession as trustees and watchdogs of the society.
{"title":"THE IMPERATIVE OF ACCOUNTING ETHICS IN THE ADOPTION OF FRAUD PREVENTIVE MEASURES IN NIGERIA","authors":"S. Ngu","doi":"10.46654/RJMP.1410","DOIUrl":"https://doi.org/10.46654/RJMP.1410","url":null,"abstract":"This study examined the imperative of accounting ethics in adopting fraud preventive measures in Nigeria. To achieve this objective, the survey research design was adopted while primary data was sourced through structured questionnaire. Data collected were analyzed using Descriptive statistical tools (tables, frequency distribution and percentages) and Spearman’s Nonparametric Correlation. It was discovered that the effectiveness of other fraud preventive measures depends to a large extent on the level of ethical compliance by accountants. Findings also revealed that compliance with ethical codes is an effective way to prevent fraud. Hence, strict enforcement by relevant professional bodies will increase the compliance level, thereby reducing the incidences of fraud in Nigeria. It was concluded that accounting ethics plays significant role in the adoption of fraud preventive measures in Nigeria. Therefore, it is recommended that organizations should adopt measures that will encourage accountants to discharge their responsibilities in accordance with the requirements of the ethical code without undue influence or pressure from management. Furthermore, accounting bodies should put in place strict monitoring and disciplinary measures that will ensure compliance with ethical principles. This will restore the confidence and reputation of the accounting profession as trustees and watchdogs of the society.","PeriodicalId":221836,"journal":{"name":"Research Journal of Management Practice","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128217574","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study was to investigate the relationship between knowledge management and firm innovativeness of manufacturing firms in the south-south of Nigeria. The study offers an empirical assessment of the relationship as based on its operational framework – 3bivariate null hypothetical statements are put forward. The research design adopted was the cross-sectional survey and data for this study was generated from managers and key personnel of the target organizations using structured questionnaire. The study adopted the Spearman’s rank order correlation in its assessment for bivariate correlations between knowledge management and measures of firm innovativeness (propensity to create new products, propensity to create new business system and propensity to create new processes). The findings reveal significant relationships between knowledge management and the measures of firm innovativeness. In conclusion, it was stated that knowledge management, offers the necessary support, orientation and knowledge control for enhancing firm innovativeness.
{"title":"KNOWLEDGE MANAGEMENT AND FIRM INNOVATIVENESS OF MANUFACTURING FIRMS IN THE SOUTH-SOUTH OF NIGERIA","authors":"Agadah Mienipre, C. Nwuche","doi":"10.46654/rjmp.1416","DOIUrl":"https://doi.org/10.46654/rjmp.1416","url":null,"abstract":"The purpose of this study was to investigate the relationship between knowledge management and firm innovativeness of manufacturing firms in the south-south of Nigeria. The study offers an empirical assessment of the relationship as based on its operational framework – 3bivariate null hypothetical statements are put forward. The research design adopted was the cross-sectional survey and data for this study was generated from managers and key personnel of the target organizations using structured questionnaire. The study adopted the Spearman’s rank order correlation in its assessment for bivariate correlations between knowledge management and measures of firm innovativeness (propensity to create new products, propensity to create new business system and propensity to create new processes). The findings reveal significant relationships between knowledge management and the measures of firm innovativeness. In conclusion, it was stated that knowledge management, offers the necessary support, orientation and knowledge control for enhancing firm innovativeness.","PeriodicalId":221836,"journal":{"name":"Research Journal of Management Practice","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116904091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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