Corporate social responsibility and financial performance of listed oil and gas companies in Nigeria
DOI:
https://doi.org/10.33003/jocaf-2026.v1i1.7.54-64Keywords:
Corporate social responsibility;, Corporate social responsibility, oil and gas firms, NigeriaAbstract
Contemporary management scholars underscore the relevance of corporate social responsibility in stimulating the financial performance of companies in different sectors. However, the concept of CSR is multifaceted, and there is no consensus among scholars about the causal implication of CSR on financial performance. This research therefore investigates the effect of corporate social responsibility on the financial performance of oil and gas companies in Nigeria. A cross-sectional survey design was adopted, and data from 73 employees knowledgeable about CSR and organizational performance were collected using a questionnaire and analyzed using the Statistical Package for the Social Sciences (SPSS) and Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings show that environmental responsibility and ethical responsibility have significant effects on the financial performance of oil and gas companies, while social responsibility has no significant effect. Theoretical and practical contributions are provided for managers and policymakers in Nigeria.
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Copyright (c) 2026 Muhammad Abdullahi Abbas, Ibrahim Aminu Yakasai, Josephine Chinelo Ene (Author)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
