Short Term Debt Ratio and Environmental Disclosure: A Study of Oil and Gas Firms in Nigeria
Abstract
The study investigates the effect of short-term debt ratio on environmental disclosure of listed oil and gas firms in Nigeria. Ex-post facto research design was employed in this study The population of the study consisted of all the nine (9) Oil and Gas firms listed on the Nigerian Exchange (NGX) Group as at 31st December, 2024. The data were obtained from annual reports and account from 2014-2024 of the sample Oil and Gas firms. Descriptive statistics was utilized to describe the mean, median, standard deviation, kurtosis, skewness, maximum and minimum values and Panel Least Square (PLS) regression analysis was employed to test the hypothesis via E-Views 10 statistical software. The study upholds that short-term debt ratio has significant and positive effect on environmental disclosure of listed oil and gas firms in Nigeria. In line with the conclusion of this study, recommended that in order to sustain the positive relationship between short-term debt and environmental sustainability disclosure, this study suggests that firms should continue with the usage of short-term debt in financing operations so as to improve and sustain their financial performance.
