Live Covid-19
United States 100,906,111
Cases: 100,906,111
Deaths: 1,106,990
Recovered: 98,320,554
Active: 1,478,567
India 44,674,874
Cases: 44,674,874
Deaths: 530,633
Recovered: 44,138,805
Active: 5,436
France 38,078,565
Cases: 38,078,565
Deaths: 159,245
Recovered: 37,022,916
Active: 896,404
Germany 36,557,861
Cases: 36,557,861
Deaths: 158,198
Recovered: 35,913,000
Active: 486,663
Brazil 35,436,031
Cases: 35,436,031
Deaths: 690,298
Recovered: 34,262,104
Active: 483,629
South Korea 27,408,854
Cases: 27,408,854
Deaths: 30,793
Recovered: 26,431,550
Active: 946,511
Japan 25,268,073
Cases: 25,268,073
Deaths: 50,461
Recovered: 20,766,771
Active: 4,450,841
Italy 24,488,080
Cases: 24,488,080
Deaths: 181,733
Recovered: 23,799,178
Active: 507,169
United Kingdom 24,024,746
Cases: 24,024,746
Deaths: 197,253
Recovered: 23,758,420
Active: 69,073
Russia 21,623,268
Cases: 21,623,268
Deaths: 392,283
Recovered: 21,023,627
Active: 207,358
Turkey 17,005,537
Cases: 17,005,537
Deaths: 101,400
Recovered:
Active: 16,904,137
Spain 13,614,807
Cases: 13,614,807
Deaths: 116,108
Recovered: 13,403,322
Active: 95,377
Vietnam 11,518,149
Cases: 11,518,149
Deaths: 43,177
Recovered: 10,608,988
Active: 865,984
Australia 10,759,272
Cases: 10,759,272
Deaths: 16,264
Recovered: 10,546,102
Active: 196,906
Argentina 9,739,856
Cases: 9,739,856
Deaths: 130,034
Recovered: 9,591,684
Active: 18,138
Netherlands 8,544,770
Cases: 8,544,770
Deaths: 22,920
Recovered: 8,499,904
Active: 21,946
Taiwan 8,379,467
Cases: 8,379,467
Deaths: 14,500
Recovered: 8,054,926
Active: 310,041
Iran 7,559,924
Cases: 7,559,924
Deaths: 144,645
Recovered: 7,335,330
Active: 79,949
Mexico 7,132,792
Cases: 7,132,792
Deaths: 330,525
Recovered: 6,400,759
Active: 401,508
Indonesia 6,682,437
Cases: 6,682,437
Deaths: 160,026
Recovered: 6,474,271
Active: 48,140
Poland 6,354,511
Cases: 6,354,511
Deaths: 118,340
Recovered: 5,335,940
Active: 900,231
Colombia 6,318,021
Cases: 6,318,021
Deaths: 141,911
Recovered: 6,142,640
Active: 33,470
Austria 5,583,979
Cases: 5,583,979
Deaths: 21,230
Recovered: 5,515,749
Active: 47,000
Portugal 5,546,290
Cases: 5,546,290
Deaths: 25,517
Recovered: 5,501,942
Active: 18,831
Greece 5,404,690
Cases: 5,404,690
Deaths: 34,309
Recovered: 5,345,133
Active: 25,248
Ukraine 5,341,284
Cases: 5,341,284
Deaths: 110,586
Recovered: 5,217,903
Active: 12,795
Malaysia 5,001,908
Cases: 5,001,908
Deaths: 36,716
Recovered: 4,943,392
Active: 21,800
Chile 4,939,304
Cases: 4,939,304
Deaths: 62,587
Recovered: 4,867,554
Active: 9,163
North Korea 4,772,813
Cases: 4,772,813
Deaths: 74
Recovered: 4,772,739
Active: 0
Israel 4,729,614
Cases: 4,729,614
Deaths: 11,882
Recovered: 4,704,016
Active: 13,716

Effect of Environmental Costs on Firm Performance

Effect of Environmental Costs on Firm Performance

ABSTRACT

The paramount importance in most management settings for environmental cost and its management in manufacturing/oil and gas companies has become the concern and focus of most companies. However, the sample of companies used for the study are Nigerian Breweries Plc., Dangote Cement Plc. Conoil Nigeria Plc., MRS Oil Nigeria Plc., and Total Nigeria Plc. The data used in this study were extracted from the financial annual reports of the selected corporate management strategies. This study carried out an empirical analysis of the effect of environmental costs on firm performance of selected companies in Nigeria covering the period 2010-2019. The population of this study is a constitution of all manufacturing/oil and gas companies enlisted in the Nigeria Stock Exchange companies. In this study, environmental cost was captured with health and safety expenditures, staff training and litigation claims/fines, while performance was captured with profit for the year.  The panel data regression analysis was employed as a method of data analysis. The major findings of the study were that health and safety costs have no significant impact on profit for the year of selected companies in Nigeria, staff training contributed positively and have significant impact on profit for the year of selected manufacturing oil and gas companies in Nigeria and litigation claim/fines contributed negatively and have no significant impact on profit for the year of selected companies in Nigeria. The study, therefore, recommended that the management of these companies should be more strategic in engaging in such expenses and cost engagements and companies should however be more careful not to keep incurring litigations claims/ fines by conducting their activities with serenity and consideration.

Keywords: Environmental Costs; Firm Performance; Nigeria

Authorship
OKAFOR, Edith Akunne1, Professor OKWO, Ifeoma Mary2 and Professor NWOHA, Chike E.3

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