Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria

Sunday Ajao Owolabi; Olajire Aremu Odunlade; Olayemi Oluwadamilola Amosun

doi:doi:10.11648/j.ijafrm.20220702.14

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Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria

Sunday Ajao Owolabi, Olajire Aremu Odunlade, Olayemi Oluwadamilola Amosun

Published in International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)

Received: 20 May 2022 Accepted: 6 June 2022 Published: 16 June 2022

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Abstract

Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nigeria, using ex-post-facto research design, where 8 Oil and Gas companies in Nigeria were examined for a period of 10 years. Total enumeration sampling technique was adopted for the study, and descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that corporate social responsibility had no bearing on earnings per share (EPS) (Adj R2 = 0.2579, F-Stat = 3.34, p = 0.1885) of Oil and Gas companies in Nigeria. The study concluded that corporate social responsibility has no significant effect on the earnings per share of Oil and Gas companies in Nigeria. The study recommends that policies should be made for oil and gas companies to report mandatorily about their corporate social responsibilities in their annual reports.

Published in	International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)
DOI	10.11648/j.ijafrm.20220702.14
Page(s)	56-62
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Corporate Social Responsibility, Earnings Per Share, Oil and Gas Companies

References

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APA Style

Sunday Ajao Owolabi, Olajire Aremu Odunlade, Olayemi Oluwadamilola Amosun. (2022). Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. International Journal of Accounting, Finance and Risk Management, 7(2), 56-62. https://doi.org/10.11648/j.ijafrm.20220702.14

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ACS Style

Sunday Ajao Owolabi; Olajire Aremu Odunlade; Olayemi Oluwadamilola Amosun. Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. Int. J. Account. Finance Risk Manag. 2022, 7(2), 56-62. doi: 10.11648/j.ijafrm.20220702.14

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AMA Style

Sunday Ajao Owolabi, Olajire Aremu Odunlade, Olayemi Oluwadamilola Amosun. Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. Int J Account Finance Risk Manag. 2022;7(2):56-62. doi: 10.11648/j.ijafrm.20220702.14

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@article{10.11648/j.ijafrm.20220702.14,
  author = {Sunday Ajao Owolabi and Olajire Aremu Odunlade and Olayemi Oluwadamilola Amosun},
  title = {Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {56-62},
  doi = {10.11648/j.ijafrm.20220702.14},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.14},
  abstract = {Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nigeria, using ex-post-facto research design, where 8 Oil and Gas companies in Nigeria were examined for a period of 10 years. Total enumeration sampling technique was adopted for the study, and descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that corporate social responsibility had no bearing on earnings per share (EPS) (Adj R2 = 0.2579, F-Stat = 3.34, p = 0.1885) of Oil and Gas companies in Nigeria. The study concluded that corporate social responsibility has no significant effect on the earnings per share of Oil and Gas companies in Nigeria. The study recommends that policies should be made for oil and gas companies to report mandatorily about their corporate social responsibilities in their annual reports.},
 year = {2022}
}

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TY  - JOUR
T1  - Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria
AU  - Sunday Ajao Owolabi
AU  - Olajire Aremu Odunlade
AU  - Olayemi Oluwadamilola Amosun
Y1  - 2022/06/16
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.14
DO  - 10.11648/j.ijafrm.20220702.14
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 56
EP  - 62
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.14
AB  - Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nigeria, using ex-post-facto research design, where 8 Oil and Gas companies in Nigeria were examined for a period of 10 years. Total enumeration sampling technique was adopted for the study, and descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that corporate social responsibility had no bearing on earnings per share (EPS) (Adj R2 = 0.2579, F-Stat = 3.34, p = 0.1885) of Oil and Gas companies in Nigeria. The study concluded that corporate social responsibility has no significant effect on the earnings per share of Oil and Gas companies in Nigeria. The study recommends that policies should be made for oil and gas companies to report mandatorily about their corporate social responsibilities in their annual reports.
VL  - 7
IS  - 2
ER  -

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Author Information

Sunday Ajao Owolabi

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Olajire Aremu Odunlade

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria
Olayemi Oluwadamilola Amosun

Department of Accounting, Babcock University, Ilisan-Remo, Nigeria

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APA Style

Sunday Ajao Owolabi, Olajire Aremu Odunlade, Olayemi Oluwadamilola Amosun. (2022). Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. International Journal of Accounting, Finance and Risk Management, 7(2), 56-62. https://doi.org/10.11648/j.ijafrm.20220702.14

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ACS Style

Sunday Ajao Owolabi; Olajire Aremu Odunlade; Olayemi Oluwadamilola Amosun. Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. Int. J. Account. Finance Risk Manag. 2022, 7(2), 56-62. doi: 10.11648/j.ijafrm.20220702.14

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AMA Style

Sunday Ajao Owolabi, Olajire Aremu Odunlade, Olayemi Oluwadamilola Amosun. Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria. Int J Account Finance Risk Manag. 2022;7(2):56-62. doi: 10.11648/j.ijafrm.20220702.14

Copy | Download

@article{10.11648/j.ijafrm.20220702.14,
  author = {Sunday Ajao Owolabi and Olajire Aremu Odunlade and Olayemi Oluwadamilola Amosun},
  title = {Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {56-62},
  doi = {10.11648/j.ijafrm.20220702.14},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.14},
  abstract = {Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nigeria, using ex-post-facto research design, where 8 Oil and Gas companies in Nigeria were examined for a period of 10 years. Total enumeration sampling technique was adopted for the study, and descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that corporate social responsibility had no bearing on earnings per share (EPS) (Adj R2 = 0.2579, F-Stat = 3.34, p = 0.1885) of Oil and Gas companies in Nigeria. The study concluded that corporate social responsibility has no significant effect on the earnings per share of Oil and Gas companies in Nigeria. The study recommends that policies should be made for oil and gas companies to report mandatorily about their corporate social responsibilities in their annual reports.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Corporate Social Responsibility and Earnings Per Share of Oil and Gas Companies in Nigeria
AU  - Sunday Ajao Owolabi
AU  - Olajire Aremu Odunlade
AU  - Olayemi Oluwadamilola Amosun
Y1  - 2022/06/16
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.14
DO  - 10.11648/j.ijafrm.20220702.14
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 56
EP  - 62
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.14
AB  - Organizations are operating in a world where they must carry out social, environmental, and economic functions and obligations. All corporations and stakeholders are focusing on the need for social and environmental accounting. This paper studied the impact of corporate social responsibility on the earnings per share of Oil and Gas companies in Nigeria, using ex-post-facto research design, where 8 Oil and Gas companies in Nigeria were examined for a period of 10 years. Total enumeration sampling technique was adopted for the study, and descriptive and inferential statistics were used to analyze the data. The study's findings demonstrated that corporate social responsibility had no bearing on earnings per share (EPS) (Adj R2 = 0.2579, F-Stat = 3.34, p = 0.1885) of Oil and Gas companies in Nigeria. The study concluded that corporate social responsibility has no significant effect on the earnings per share of Oil and Gas companies in Nigeria. The study recommends that policies should be made for oil and gas companies to report mandatorily about their corporate social responsibilities in their annual reports.
VL  - 7
IS  - 2
ER  -

Copy | Download