The Determinants of the Corporate Social Responsibility of the Quoted Nigerian Downstream Oil and Gas Industry

Fuoye Journal of Accounting and Management; Volume 4, Number 1; 2021 www.fjam.fuoye.edu.ng; ISSN 2805-3672 (Print), 2814-1717 (Online)

Posted: 17 Aug 2022

See all articles by Mofoluwaso Iyabode

Mofoluwaso Iyabode

Redeemer's University

Thomas Ayodele

Redeemer's University

Oyınlola M. Akinyede

Department of Finance, Redeemers University

Solomon Adejare Babarinde

Redeemer's University

Date Written: December 31, 2021

Abstract

Nigerian downstream Oil and Gas industry. The study used secondary data, sourced from audited financial reports of selected quoted companies in the Oil and Gas industry, Nigeria Stock Exchange Fact book and Statistical Bulletin of the Central Bank of Nigeria on such variables like corporate social responsibility (donation), age of firms, profit after tax, and total assets. The regression model was used to achieve the objective. The result revealed that Age of Firm (t=5.103, p<0.05) and Firm Growth (t=3.289, p<0.05) were statistically significant as determinants of corporate social responsibility activities in the sector.

Keywords: Corporate Social Responsibility; Oil and Gas; Downstream; Growth

JEL Classification: M14, M112

Suggested Citation

Ojedele, Mofoluwaso Iyabode and Ayodele, Thomas and Akinyede, Oyınlola M. and Babarinde, Solomon Adejare, The Determinants of the Corporate Social Responsibility of the Quoted Nigerian Downstream Oil and Gas Industry (December 31, 2021). Fuoye Journal of Accounting and Management; Volume 4, Number 1; 2021 www.fjam.fuoye.edu.ng; ISSN 2805-3672 (Print), 2814-1717 (Online), Available at SSRN: https://ssrn.com/abstract=4088492

Mofoluwaso Iyabode Ojedele

Redeemer's University ( email )

Km 46, Lagos - Ibadan Expressway
Ogun State
Redemption City, Ogun State 23401
Nigeria

Thomas Ayodele

Redeemer's University ( email )

Km 46, Lagos - Ibadan Expressway
Ogun State
Redemption City, Ogun State 23401
Nigeria

Oyınlola M. Akinyede (Contact Author)

Department of Finance, Redeemers University ( email )

Ede, Osun State
Nigeria
+2347069328922 (Phone)

Solomon Adejare Babarinde

Redeemer's University ( email )

Ede Osun State, Nigeria
Ede, 00176-0000

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