EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ACCOUNTING ON THE FINANCIAL PERFORMANCE OF QUOTED OIL AND GAS COMPANIES IN NIGERIA

ABSTRACT
This study was intended to examine the effect of corporate social responsibility accounting on the financial performance of quoted oil and gas companies in Nigeria. This study was guided by the following objectives; to determine the relationship between corporate social responsibility accounting and return on assets of quoted oil and gas companies in Nigeria, to determine the relationship between corporate social responsibility accounting and return on equity of quoted oil and gas companies in Nigeria, to determine the relationship between corporate social responsibility accounting and net profit margin of quoted oil and gas companies in Nigeria, to determine the relationship between corporate social responsibility accounting and current ratio of quoted oil and gas companies in Nigeria and to determine the relationship between corporate social responsibility accounting and debt/equity ratio of quoted oil and gas companies in Nigeria. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 100 staff of selected oil and gas companies in Rivers state, Nigeria. The study findings revealed that There is a significant relationship between corporate social responsibility accounting and return on assets of quoted oil and gas companies in Nigeria; based on the findings from the study, the issue of corporate social responsibility should be part of the corporate mission and strategy statements and not just be regarded as a philanthropic exercise.