Corporate Social Responsibility and Financial Performance in Nigerian Quoted Oil and Gas Industry
| dc.contributor.author | Akinyede, Oyinlola | |
| dc.date.accessioned | 2023-06-22T10:02:04Z | |
| dc.date.available | 2023-06-22T10:02:04Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | The paper investigated the direction of causality between CSR and financial performance of the quoted oil and gas industry. The data set contains ten years from 2014 to 2018 of firm specification variables. Data were gathered from audited financial reports of 8 purposively selected firms from quoted companies in the Oil and Gas industry, Nigeria Stock Exchange (NSE) Factbook and statistical Bulletin of the Central Bank of Nigeria. Granger causality test model was employed to investigate the direction of causality between Corporate Social Responsibility and Financial Performance. The result indicated that there was no causal relationship between corporate social responsibility and Return on Assets (χ2 =3.479, p>0.05). Return on Asset does not Granger cause corporate social responsibility (χ2 =2.279, p>0.05). Also, corporate social responsibility does not granger cause Return on Asset. The study concluded that significant feedback did not exist in any direction of causality between corporate social responsibility and profitability, but there is a positive relationship between them | |
| dc.identifier.uri | https://repository.run.edu.ng/handle/123456789/3790 | |
| dc.language.iso | en | |
| dc.publisher | West African Journal of Business and Management Sciences Faculty of Business Administration | |
| dc.relation.ispartofseries | Vol. 9 No. 3 | |
| dc.title | Corporate Social Responsibility and Financial Performance in Nigerian Quoted Oil and Gas Industry | |
| dc.type | Article |