OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA
The limited integration of ownership dynamics into CSR performance poses a persistent challenge in the Nigerian oil and gas industry. This study investigates the influence of ownership structure on Corporate Social Responsibility (CSR) among listed oil and gas companies in Nigeria. Using a correlat...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-10-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/358 |
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| _version_ | 1849228281987989504 |
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| author | Ibrahim Halidu Saidu Saidu Amina Umar |
| author_facet | Ibrahim Halidu Saidu Saidu Amina Umar |
| author_sort | Ibrahim Halidu Saidu |
| collection | DOAJ |
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The limited integration of ownership dynamics into CSR performance poses a persistent challenge in the Nigerian oil and gas industry. This study investigates the influence of ownership structure on Corporate Social Responsibility (CSR) among listed oil and gas companies in Nigeria. Using a correlational research design, data were drawn from a population of publicly listed oil and gas firms, with a final sample of 80 firm-year observations. Data were collected through content analysis of annual reports and sustainability disclosures. The analysis was carried out using descriptive statistics, correlation, and multiple linear regression, with the aid of STATA software tools. The findings reveal that all three ownership types significantly impact CSR, with foreign ownership demonstrating the most substantial influence, followed by institutional and managerial ownership. These results affirm that external and institutional stakeholders drive firms toward enhanced CSR practices, aligning with stakeholder and legitimacy theories. The study concludes that ownership structure plays a critical role in shaping CSR strategies and transparency levels among oil and gas companies in Nigeria. Based on these findings, the study recommends that firms develop strategic frameworks to attract and retain foreign investors by aligning CSR practices with global sustainability standards. This will not only improve social responsibility outcomes but also enhance competitiveness and investor confidence in the Nigerian oil and gas sector.
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| format | Article |
| id | doaj-art-2c5e46ff798543149335fae1bea0e59f |
| institution | Kabale University |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-2c5e46ff798543149335fae1bea0e59f2025-08-23T05:06:53ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-10-015210.57233/gujaf.v5i2.26OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIAIbrahim Halidu Saidu0Saidu Amina Umar 1Department of Financial Reporting, ANAN University Kwall, Jos, Plateau State, NigeriaDepartment of Accounting, Nuhu Bamali Polytechnic Zaria The limited integration of ownership dynamics into CSR performance poses a persistent challenge in the Nigerian oil and gas industry. This study investigates the influence of ownership structure on Corporate Social Responsibility (CSR) among listed oil and gas companies in Nigeria. Using a correlational research design, data were drawn from a population of publicly listed oil and gas firms, with a final sample of 80 firm-year observations. Data were collected through content analysis of annual reports and sustainability disclosures. The analysis was carried out using descriptive statistics, correlation, and multiple linear regression, with the aid of STATA software tools. The findings reveal that all three ownership types significantly impact CSR, with foreign ownership demonstrating the most substantial influence, followed by institutional and managerial ownership. These results affirm that external and institutional stakeholders drive firms toward enhanced CSR practices, aligning with stakeholder and legitimacy theories. The study concludes that ownership structure plays a critical role in shaping CSR strategies and transparency levels among oil and gas companies in Nigeria. Based on these findings, the study recommends that firms develop strategic frameworks to attract and retain foreign investors by aligning CSR practices with global sustainability standards. This will not only improve social responsibility outcomes but also enhance competitiveness and investor confidence in the Nigerian oil and gas sector. https://journals.gujaf.com.ng/index.php/gujaf/article/view/358CSRownership structureleveragelisted oil and gas companies |
| spellingShingle | Ibrahim Halidu Saidu Saidu Amina Umar OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA Gusau Journal of Accounting and Finance CSR ownership structure leverage listed oil and gas companies |
| title | OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA |
| title_full | OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA |
| title_fullStr | OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA |
| title_full_unstemmed | OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA |
| title_short | OWNERSHIP STRUCTURE AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED OIL AND GAS COMPANIES IN NIGERIA |
| title_sort | ownership structure and corporate social responsibility of listed oil and gas companies in nigeria |
| topic | CSR ownership structure leverage listed oil and gas companies |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/358 |
| work_keys_str_mv | AT ibrahimhalidusaidu ownershipstructureandcorporatesocialresponsibilityoflistedoilandgascompaniesinnigeria AT saiduaminaumar ownershipstructureandcorporatesocialresponsibilityoflistedoilandgascompaniesinnigeria |