Corporate Citizenship and Corporate Financial Performance: An Empirical Investigation of Listed Oil and Gas Industry in Nigeria.

ABSTRACT: This study seeks to empirically investigate the impact of corporate citizenship on corporate financial performance in the Oil and Gas sector of the Nigeria economy. In this study the corporate financial performance is the dependent variable while the corporate citizenship is the independent variable with its proxy as corporate social responsibility expenditure. The study employed the descriptive and inferential statistics; specifically the regression was used for analyzing the data and results discussion. The findings of the research reveals that, companies in the oil and Gas sector of the Nigeria economy do engage in corporate citizenship and such social cost and corporate financial performance are disclosed in their annual reports. The study further
reveals that corporate citizenship has positive and significant impact on corporate financial performance of the Oil and Gas Industry in Nigeria. Some recommendations were provided for future use in to any researcher in this hypothetical arena. The implication of the study is that corporate entities that engage in corporate citizenship to their host communities have more potential for improved corporate financial performance in the Oil and Gas sector. Corporate citizenship are in context of well established companies and nations, developing nations are least emphasized, thus the findings of this study greatly contribute in body of knowledge as well as
offer pivotal implications for policy makers and governance of financial sector.
KEY WORDS: Corporate citizenship, Dividends per share, Earning per share, Earnings Yield, Corporate
Social Responsibility Expenditure