IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 11 NO. 1 2025
DOI: 10.56201/jafm.vol.11.no1.2025.pg163.173

---

Impact of Community Development Cost Disclosure on Corporate Financial Performance of Quoted Oil and Gas Companies in Nigeria

KORNOM-GBARABA, Michael Eric, Olatunde Oladele (PhD), Mr. Yusuf, Bashir Akanji Olalere

---

Abstract

This study examined the impact of community development cost disclosure on corporate performance of quoted oil and gas companies in Nigeria. The study covers a period of five (5) years (2018-2022). The study makes use of export facto research design. Secondary data were used for the study, sourced from the Nigerian Stock Exchange. A sample of 7 companies quoted on the Nigerian Stock Exchange during the period (2018-2022) were used. The data collected were analysed using Ordinary Least Square Method and E-view version 2.0. The results revealed that community development cost disclosure is positive and insignificant.at 5% level of significance. The study therefore concludes that community development cost disclosure has positive and insignificant impact on corporate performance of oil and gas companies in Nigeria. The study recommends that management of oil and gas companies in Nigeria should increase spending on community development cost items in their operations especially in their host communities since it is positive and has a positive effect on performance.

keywords:

Community Development Cost, Quoted Companies and Performance

---

References:

Anikpo, M. (1984), Is Poverty an Urban Phenomenon: Structural Analysis of Poverty.
Conference Paper CENSCER, University of Benin, April
Ake, C. (2019), Democracy and Development in Africa Socialscientia Journal ISSN:2636-
Regular. Volume 4. Number 3.
Akinleye, M.J. & Olaoye, C.O. (2021). Community development cost and financial
performance of oil and gas firms in Nigeria. KIU Interdisciplinary Journal of
Humanities and Social Sciences, 2(3), 43-56
Enya, F. E, Inyang E. O.&Inyang, O I (2021): Disclosure of Community Development Cost
and Its Impact on Turnover of Listed Manufacturing. The International Journal
of Business & Management ISSN 2321–8916
Macphail, R.I. and P. Goldberg, (2000). Geoarchaeological investigation of sediments from
Gorham’s and Vanguard Caves, Gibraltar: Microstratigraphical (soil micro
morphological
Myšková, R., &Hájek, P. (2017). Comprehensive assessment of firm financial performance
using financial ratios and linguistic analysis of annual reports. Journal of
International Studies, 10(4), 96-108. doi:10.14254/2071-8330.2017/10-4/7
Kimmerling, J. (2011). Amazon Crude. New York: Natural Resources Defense Council.
Mashovic, A. (2018) Key financial and nonfinancial measures for performance evaluation of
foreign subsidiaries. Journal of Contemporary Economic and Business Issues
Obari, J. O. (2007). “Rival Groups Clash Over Shell Contracts,” Guardian(Lagos), July 16,
Onuoha, F. C., Attah, I.H. &Onuoha, A. R. (2010) Gender and Human Security: Reflections
On the Vulnerability of Women to Hiv/Aids Scourge in Nigeria Journal of
Contemporary Research.
Pandey, I.M. (2005) Financial Management. 9th Edition, Vikas Publishing, New Delhi.
Tirimba & Macharia, (2014): Economic Impact of Multinationals Companies (MNC) on
Development of Developing Nations
Tom & Attai(2014):Community Development in Akwa Ibom State: Issues, Challenges and
Prospects. Journal of Humanities and Social Science · JOSR Volume 19 (9)
ISSN 2279-0837
WECD (1987): Report of the World Commission on Environment and Development: Our
Common Future.
Nwoba, M.O. E. & Udoikah J. M (2016): Community Development and Corporate Social

Responsibility in Ebonyi State: An Investigative Study of Selected Mining

Firms and Communities. Journal of Policy and Development Studies Vol. 10,

No. 2.Enya, F E et al

DOWNLOAD PDF

---

Back