Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria
American Journal of Theoretical and Applied Business
Volume 5, Issue 4, December 2019, Pages: 102-112
Received: Sep. 7, 2019;
Accepted: Oct. 26, 2019;
Published: Nov. 5, 2019
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Ubesie Madubuko Cyril, Department of Accountancy, Enugu State University of Science and Technology (ESUT), Enugu, Nigeria
Eneh Catherine Amoge, Department of Accountancy, Enugu State University of Science and Technology (ESUT), Enugu, Nigeria
Udeh Nkemdilim, Department of Accountancy, Enugu State University of Science and Technology (ESUT), Enugu, Nigeria
This study is to ascertain the effect of human capital expenditures on corporate social responsibility of oil and gas firms in Nigeria It spanned for the period of 10 years (2008-2017) and made use of secondary data extracted from the financial reports and accounts of the oil and gas firms selected for the period. The study adopted ex-post facto research design and employed the panel least squares multiple regression analysis. Findings of the study provided empirical evidence that human capital expenditures proxy by expenditure on salaries and wages, on education and training and expenditure on health have significant positive effect on Corporate Social Responsibility (CSR) of oil and gas firms in Nigeria. This implies that increases in volume of corporate social functions of the firms are associated with increases in spending on the human capital indices. Based on these findings, it was recommended among others that oil and gas firms should keep up in the corporate supports to the community since it helps in the growth of their firms and ensure good salary pay structure for their workers to motivate them in community supports.
Ubesie Madubuko Cyril,
Eneh Catherine Amoge,
Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria, American Journal of Theoretical and Applied Business.
Vol. 5, No. 4,
2019, pp. 102-112.
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