The Impact of Environmental Accounting on Financial Performance: Evidence from Oil Companies in IRAQ

Environmental Accounting is an emerging concept in Iraq.
Therefore, this study examines the theoretical framework for
the concept and aimed to investigate the impact of
environmental cost accounting on the financial performance
of oil companies in Iraq. The research used only secondary
data over a ten-year period (2010-2020). The time-series data
were collected from the financial statements of selected oil
companies that are operating in Iraq under licences granted
by the Ministry of Oil in Baghdad. The statistical tool used for
data analysis is the EViews version 10. and analyzed using
regression analysis. The statistical analysis results indicate
that the three environmental cost variables have an impact
on the financial performance of oil companies which was
measured by ROA. The study recommended that the
environmental performance of the firms should be
considered one of the important axes in evaluating their
performance. Thus, work to issue laws, regulations and
instructions that require firms to abide by international
standards related to the protection of the environment and
society from pollution.