TRIPLE BOTTOM LINE ACCOUNTING PATTERN AND PROFITABILITY OF FIRMS: AN EMPIRICAL STUDY OF OIL AND GAS COMPANIES IN NIGERIA

Authors

  • Ekwe C. Michael Department of Accounting, College of Management Sciences, Michael Okpara University of Agriculture, Umudike, Abia State
  • Odogu Laime Isaac Department of Accountancy, School Of Management Science, Bayelsa State College of Arts And Science, Elebele, Yenagoa, Bayelsa State
  • Mebrim Angelina Adaure Department of Business Education, Institute of Ecumenical Education Thinkers Corner, Enugu State

DOI:

https://doi.org/10.53555/bma.v4i2.1733

Keywords:

Triple Bottom Line Accounting, cost incurred, social, environmental cost

Abstract

This research paper examines the important of triple bottom line accounting pattern on the profitability of firms in Nigeria. To achieve the above objective, companies with good evidence of social and environmental cost record were sorted from the oil and gas industry in Nigeria. Hypotheses were formulated, and a review of related literature was made. Theory in support of sustainability was analyzed, Data were collected from oil and gas annual reports and financial statement of Conoil and Forte Oil Nigeria Plc, The data were presented and analyzed, while the formulated hypotheses were tested using the Ordinary Least Square (OLS), Our findings indicated that the implementation of triple bottom line accounting pattern in organizations would enable them report profitability accurately to stakeholders, measurement and allocation of environmental and social costs pertaining to the activities of the organization. Based on this, it was recommended that firms should implement triple bottom line accounting patterns to enable them identify, measure and allocate environmental and social costs; and also, provide managers with strategies and techniques for managing performance across the three dimensions.

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Published

2021-07-31

How to Cite

Michael, E. C., Isaac, O. . L. ., & Adaure, M. A. (2021). TRIPLE BOTTOM LINE ACCOUNTING PATTERN AND PROFITABILITY OF FIRMS: AN EMPIRICAL STUDY OF OIL AND GAS COMPANIES IN NIGERIA. International Journal For Research In Business, Management And Accounting, 4(2), 21–34. https://doi.org/10.53555/bma.v4i2.1733

Issue

Vol. 4 No. 2 (2019): International Journal For Research In Business, Management And Accounting

Section

Articles

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