IDEAS home Printed from https://ideas.repec.org/a/hur/ijaraf/v7y2017i4p177-181.html
   My bibliography  Save this article

Safety Practices and Performance of Oil and Gas Servicing Companies in Nigeria: Empirical Evidences from Selected Companies in Portharcourt

Author

Listed:
  • Efeeloo Nangih

Abstract

This paper examines the influence of safety practices on performance of oil and gas companies in Nigeria. The study specifically looked at the influence of Regular Provision/use of Personal Protective Equipment (PPE) and Daily Safety Briefings on the profitability of Oil and gas firms in Nigeria. Data were obtained by means of questionnaire. Analyses were performed using Pearson’s product moment coefficient of correlation and regression analyses via the use of SPSS. The findings reveal a statistically positive correlation between safety practices and the performance of oil and gas companies. Further, safety practices positively influence the Operating Profit Margin (OPROM) and Return on Turnover (ROTUN) of the companies. The study recommended that continuous safety practices by all oil and gas firms to enable them to have smooth performance and enhanced profitability.

Suggested Citation

  • Efeeloo Nangih, 2017. "Safety Practices and Performance of Oil and Gas Servicing Companies in Nigeria: Empirical Evidences from Selected Companies in Portharcourt," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(4), pages 177-181, October.
    • Handle: RePEc:hur:ijaraf:v:7:y:2017:i:4:p:177-181
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/Article_18_Safety_Practices_and_Performance_of_Oil_and_Gas_Servicing.pdf
    Download Restriction: no
    File URL: http://hrmars.com/hrmars_papers/Article_18_Safety_Practices_and_Performance_of_Oil_and_Gas_Servicing.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lawyer Chukwuma Obara & Efeeloo Nangih, 2017. "Accounting Practices and Performance of Oil and Gas Industry (Upstream Sector) in Nigeria: An Empirical Analysis," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(2), pages 215-222, April.
    2. Loveday A. Nwanyanwu, 2017. "Audit Quality Practices and Financial Reporting in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(2), pages 145-155, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lawyer Chukwumah Obara & Efeeloo Nangih, 2017. "Tax Compliance Barriers and Internally Generated Revenue in Nigeria: Empirical from Small and Medium Enterprises in Portharcourt Metropolis," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 7(4), pages 169-176, October.
    2. Professor Owolabi, S.A. & Afolayan, Oluwatobi, 2020. "Auditor’s Independence (AUDINDP) and the Quality of Financial Reporting (FRQ) in Listed Deposit Money Banks (DMB’s) in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(8), pages 303-309, August.
    3. Prastika Suwandi Tjeng & Rina Nopianti, 2021. "The Effect of Auditor's Technical Abilities on the Quality of Financial Statement Information," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 13(6), pages 129-129, June.
    4. Okere Obinna Cletus PhD & Prof. S.C Nwite PhD & AGANA Ogagaoghene John, PhD, ACA, 2022. "Environmental Accounting Costs and Financial Performance of Selected Quoted Oil and Gas Companies in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(10), pages 175-187, October.
    5. Joseph U. Madugba & Kerry E. Howell & Tony Ikechukwu Nwanji & Sainey Faye & Ben-Caleb Egbide & Damilola Felix Eluyela, 2021. "Audit Committee Quality and Financial Reporting in Deposit Money Banks in Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 11(2), pages 104-117, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijaraf:v:7:y:2017:i:4:p:177-181. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hassan Danial Aslam (email available below). General contact details of provider: http://hrmars.com/index.php/pages/detail/Accounting-Finance-Journal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.