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

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Dimensional Corporate Governance

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

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.

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Notes

  1. 1.

    http://www.nse.com.ng/DataProducts/Indices/Pages/NSE-50.aspx

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Author information

Authors and Affiliations

  1. University of Bedfordshire, Luton, UK

    Abubakar M. Dembo

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  1. Abubakar M. Dembo
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Correspondence to Abubakar M. Dembo .

Editor information

Editors and Affiliations

  1. College of Business, Loyola University New Orleans, New Orleans, Louisiana, USA

    Nicholas Capaldi

  2. Guildhall Faculty of Business and Law, London Metropolitan University, London, United Kingdom

    Samuel O. Idowu

  3. Cologne Business School, Cologne, Germany

    René Schmidpeter

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Dembo, A.M. (2017). The Impact of Sustainability Practices on the Financial Performance: Evidence from Listed Oil and Gas Companies in Nigeria. In: Capaldi, N., Idowu, S., Schmidpeter, R. (eds) Dimensional Corporate Governance. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-56182-0_14

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