Determinants of Attitudes of Oil and Gas Companies to Host Communities: A Social Responsibility Perspective

Abstract

The study was designed to explore the social responsibility attitudes of oil and gas companies to host communities. It presumed that these determinants fall broadly into endogenous and exogenous factors. Three oil and gas companies were sampled from the twelve listed in the Nigeria Stock Exchange for the study. The study found that for Oando Plc., Return on Assets, Earnings size and Debt-Equity ratio were determinants of attitudes of oil and gas companies but not so with MRS Plc. and Seplat Plc. Exogenous factors were found to be largely responsible for the social responsibility attitudes of oil and gas companies towards their communities.

Keywords: Oil and Gas Companies, Host Communities, Social Responsibility, Attitudes