The Impact of Sustainability Practices on the Financial Performance: Evidence from Listed Oil and Gas Companies in Nigeria

Abubakar M. Dembo ()
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Abubakar M. Dembo: University of Bedfordshire

A chapter in Dimensional Corporate Governance, 2017, pp 215-233 from Springer

Abstract: Abstract This paper seeks to examine the relationship between corporate sustainability practices and three corporate financial performance measures (return on equity (ROE), return on capital employed (ROCE) and price earnings ratio (P/E)), of listed Nigerian oil and gas companies between 2008 and 2010. Data collected was tested through two models and the results indicate positive relationship between Sustainability practices and corporate performance. The implication of this is that the causation may run on both directions. That is, better corporate performance may lead to improved sustainability practices. Also, better sustainability practices may lead to improved corporate performance. These results are consistent with prior empirical studies.

Keywords: Corporate Social Responsibility; Corporate Social Responsibility Activity; United Nation Environment Programme; Debt Ratio; Corporate Sustainability (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-56182-0_14

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DOI: 10.1007/978-3-319-56182-0_14

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