This study examined the relationship between corporate social responsibility and value creation of quoted oil and gas firms in Nigeria for a period of fourteen (14) years spanning from 2008 to 2021. Specifically, this study examined the relationship between occupational health and safety responsibility, emissions responsibility, employment responsibility and cash value added. Panel data were used in this study, which were obtained from the annual reports and accounts of the ten (10) sampled firms. Ex-Post Facto research design was employed. Descriptive statistics of the dataset from the sampled firms was employed to summarily describe the mean, standard deviation, minimum and maximum values of the data for the study variables. Inferential statistics using Pearson correlation coefficient and Panel least square regression analysis were employed to test the hypotheses of the study. The results showed that there is a significant and positive relationship between occupational health and safety responsibility and cash value added (ß1=1.930842; p-value = 0.0006); a significant and positive relationship between emissions responsibility and cash value added (ß2=0.575137; p-value = 0.0116); a significant and positive relationship between employment responsibility and cash value added (ß3=.0.075661; p-value = 0.0000) of quoted oil and gas firms in Nigeria at 5% level of significance respectively. The study recommended amongst others that firms should develop safety programs in order to protect the workers, reduce absences and down-time, ensuring that the workplace is more efficient and productive which will inadvertently result to value creation.
Occupational Health and Safety Responsibility, Emissions Responsibility, Employment Responsibility and Cash Value Added
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