Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria

Ubesie Madubuko Cyril; Eneh Catherine Amoge; Udeh Nkemdilim

doi:doi:10.11648/j.ajtab.20190504.14

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Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria

Ubesie Madubuko Cyril, Eneh Catherine Amoge, Udeh Nkemdilim

Published in American Journal of Theoretical and Applied Business (Volume 5, Issue 4)

Received: 7 September 2019 Accepted: 26 October 2019 Published: 5 November 2019

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Abstract

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.

Published in	American Journal of Theoretical and Applied Business (Volume 5, Issue 4)
DOI	10.11648/j.ajtab.20190504.14
Page(s)	102-112
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), 2019. Published by Science Publishing Group

Keywords

Human Capital Expenditures, Corporate, Social Responsibility, Gas Firms, Nigeria

References

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APA Style

Ubesie Madubuko Cyril, Eneh Catherine Amoge, Udeh Nkemdilim. (2019). Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. American Journal of Theoretical and Applied Business, 5(4), 102-112. https://doi.org/10.11648/j.ajtab.20190504.14

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ACS Style

Ubesie Madubuko Cyril; Eneh Catherine Amoge; Udeh Nkemdilim. Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. Am. J. Theor. Appl. Bus. 2019, 5(4), 102-112. doi: 10.11648/j.ajtab.20190504.14

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AMA Style

Ubesie Madubuko Cyril, Eneh Catherine Amoge, Udeh Nkemdilim. Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. Am J Theor Appl Bus. 2019;5(4):102-112. doi: 10.11648/j.ajtab.20190504.14

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@article{10.11648/j.ajtab.20190504.14,
  author = {Ubesie Madubuko Cyril and Eneh Catherine Amoge and Udeh Nkemdilim},
  title = {Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {5},
  number = {4},
  pages = {102-112},
  doi = {10.11648/j.ajtab.20190504.14},
  url = {https://doi.org/10.11648/j.ajtab.20190504.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20190504.14},
  abstract = {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.},
 year = {2019}
}

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TY  - JOUR
T1  - Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria
AU  - Ubesie Madubuko Cyril
AU  - Eneh Catherine Amoge
AU  - Udeh Nkemdilim
Y1  - 2019/11/05
PY  - 2019
N1  - https://doi.org/10.11648/j.ajtab.20190504.14
DO  - 10.11648/j.ajtab.20190504.14
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 102
EP  - 112
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20190504.14
AB  - 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.
VL  - 5
IS  - 4
ER  -

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Author Information

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

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Plain Text BibTeX RIS

APA Style

Ubesie Madubuko Cyril, Eneh Catherine Amoge, Udeh Nkemdilim. (2019). Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. American Journal of Theoretical and Applied Business, 5(4), 102-112. https://doi.org/10.11648/j.ajtab.20190504.14

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ACS Style

Ubesie Madubuko Cyril; Eneh Catherine Amoge; Udeh Nkemdilim. Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. Am. J. Theor. Appl. Bus. 2019, 5(4), 102-112. doi: 10.11648/j.ajtab.20190504.14

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AMA Style

Ubesie Madubuko Cyril, Eneh Catherine Amoge, Udeh Nkemdilim. Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria. Am J Theor Appl Bus. 2019;5(4):102-112. doi: 10.11648/j.ajtab.20190504.14

Copy | Download

@article{10.11648/j.ajtab.20190504.14,
  author = {Ubesie Madubuko Cyril and Eneh Catherine Amoge and Udeh Nkemdilim},
  title = {Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria},
  journal = {American Journal of Theoretical and Applied Business},
  volume = {5},
  number = {4},
  pages = {102-112},
  doi = {10.11648/j.ajtab.20190504.14},
  url = {https://doi.org/10.11648/j.ajtab.20190504.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20190504.14},
  abstract = {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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Effect of Human Capital Expenditures on Corporate Social Responsibility of Oil and Gas Firms in Nigeria
AU  - Ubesie Madubuko Cyril
AU  - Eneh Catherine Amoge
AU  - Udeh Nkemdilim
Y1  - 2019/11/05
PY  - 2019
N1  - https://doi.org/10.11648/j.ajtab.20190504.14
DO  - 10.11648/j.ajtab.20190504.14
T2  - American Journal of Theoretical and Applied Business
JF  - American Journal of Theoretical and Applied Business
JO  - American Journal of Theoretical and Applied Business
SP  - 102
EP  - 112
PB  - Science Publishing Group
SN  - 2469-7842
UR  - https://doi.org/10.11648/j.ajtab.20190504.14
AB  - 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.
VL  - 5
IS  - 4
ER  -

Copy | Download