Research Article
Exploring the Potential of Big Data Analytics in Enhancing CSR in the Oil and Gas Industry
Issue:
Volume 9, Issue 4, December 2024
Pages:
69-78
Received:
29 October 2024
Accepted:
13 November 2024
Published:
13 December 2024
Abstract: The oil and gas industry are increasingly under pressure to prioritize Corporate Social Responsibility (CSR) due to heightened environmental concerns, social scrutiny, and evolving regulatory demands. Big Data Analytics (BDA) presents a transformative opportunity to enhance CSR performance within this sector. This study investigates how BDA can improve CSR outcomes in the oil and gas industry, focusing on three key areas: environmental sustainability, social impact, and governance. By leveraging large datasets to uncover patterns, BDA can aid companies in refining their CSR strategies, forecasting and managing risks, and measuring impact more effectively. The study made use of a panel dataset containing total assets of ten years, as well as measurements based on accounting on investments, financial performance, and activity disclosures. The findings reveal that multinational corporations operating in developing countries pay considerable attention to various critical aspects of their CSR policies. Notably, there was a significant positive correlation between the sustainability of financial performance and investments in CSR practices. However, no significant correlation was found between CSR disclosure and financial performance (p = 0.792373 > 0.05). The report concludes by providing empirical evidence supporting the hypothesis that effective CSR practices lead to long-term financial benefits for multinational oil and gas companies. Such practices are beneficial for poverty reduction programs and are crucial for achieving sustainable development goals in emerging economies where these companies operate.
Abstract: The oil and gas industry are increasingly under pressure to prioritize Corporate Social Responsibility (CSR) due to heightened environmental concerns, social scrutiny, and evolving regulatory demands. Big Data Analytics (BDA) presents a transformative opportunity to enhance CSR performance within this sector. This study investigates how BDA can imp...
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Research Article
The Golly of Professional Accounting System and Profitability of Selected Non-Profit Making Organizations
Abomaye-Nimenibo Williams Aminadokiari Samuel*
,
Ibimina Daminabo Amachree
Issue:
Volume 9, Issue 4, December 2024
Pages:
79-85
Received:
13 July 2024
Accepted:
2 September 2024
Published:
25 December 2024
DOI:
10.11648/j.ajomis.20240904.12
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Views:
Abstract: Importance, comprehensiveness, verifiability, neutrality, timeliness, comparability, and integrity characterize a well-defined financial report of any organisation. Nigeria has a thoroughly reviewed accounting system which is a major factor that enhances the profitability of most NGOs. For anybody to collect genuine data from a real source, a questionnaire has to be drafted and used. The results so obtained were analysed, and in most cases, presented in the form of percentages, averages, and standard deviations. The intended respondents off this research included financial professionals of renowned non-profit organizations in Rivers State of Nigeria. The respondents distributed a total of 55 questionnaires and returned 50 questionnaires, representing 90% of the total. To achieve a better analysis, the ANOVA One-way technique ware was used. Our findings revealed that, the accounting system has a substantial impact on the effectiveness of non-profit organizations. It is our recommendation that Non-profit organizations maintain adequate record-keeping in full compliance with the international reporting standards; follow proper recruitment procedures; carry out regular trainings for their accounting personnel in modern software on a constant schedule; carry out routing and annual auditing of their financial statements; and most importantly, incorporate good accounting and internal control systems.
Abstract: Importance, comprehensiveness, verifiability, neutrality, timeliness, comparability, and integrity characterize a well-defined financial report of any organisation. Nigeria has a thoroughly reviewed accounting system which is a major factor that enhances the profitability of most NGOs. For anybody to collect genuine data from a real source, a quest...
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