The Influence of Managerial Ownership on Environmental Reporting by Listed Nigerian Oil and Gas Companies


  • Mohammed Sani Damamisau Department of Taxation, Federal University Dutse, Jigawa State Nigeria
  • Rukayya Tijjani Ibrahim Department of Taxation, Federal University Dutse, Jigawa State Nigeria
  • Aminu Hassan Department of Accounting Federal University Dutsin-Ma, Katsina State Nigeria
  • Yusra Musa Muhammad Department of Taxation, Federal University Dutse, Jigawa State Nigeria
  • Yusuf Ibrahim Karaye Department of Taxation, Federal University Dutse, Jigawa State Nigeria



Environmental reporting, oil and gas Industry, word counts, legitimacy theory


The oil and gas industry is one of the most environmentally sensitive and polluting industries in the world accounting for the highest level of industry sectoral global carbon emissions. Nigerian oil and gas industry is also the most environmentally polluting industry in the country. However, corporate accountability through reporting on their interactions with the environment has contributed immensely to changing corporate behaviour on their interplay with the environment. Consequently, the aim of this study is to examine the environmental accountability of listed Nigerian oil and gas companies 2005 to 2019. To test for the influence of managerial ownership and other corporate variables, Panel Corrected Standard Error Regression Analysis (PCSERA) was employed while vulnerability and exploitability analytical framework is used as guide in the research. Results from the study revealed that sampled companies are devoting few words for environmental disclosure while regression analyses revealed that managerial ownership and size are statistically significant in explaining environmental disclosure by the sampled companies. However, Profitability is significant but negatively related with disclosure by sampled companies. Overall, vulnerability and exploitability analytical framework is found useful in explaining the disclosure practices of sampled companies. Policy makers in the companies should pay attention to environmental accountability which may perhaps bring about peaceful operations in the industry. Similarly, policy makers in the industry may choose to regulate environmental as mechanism of ensuring environmental accountability in the industry.


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How to Cite

Mohammed Sani Damamisau, Rukayya Tijjani Ibrahim, Aminu Hassan, Yusra Musa Muhammad, & Yusuf Ibrahim Karaye. (2021). The Influence of Managerial Ownership on Environmental Reporting by Listed Nigerian Oil and Gas Companies. UMYU Journal of Accounting and Finance Research, 2(1), 128–145.