RISK MANAGEMENT, STAKEHOLDERS’ ENGAGEMENT AND EMPLOYEES’ ACCOUNTABILITY IN SELECTED LISTED NIGERIAN OIL AND GAS COMPANIES
Abstract
This study investigated the impact of risk management and stakeholders’s engagement on employees’ accountability in the Nigerian oil and gas sector. A survey research design was employed to achieve the study's goals and objectives. Data was gathered through questionnaire administered to a carefully selected sample population. The study identified 1092 staff members of the selected oil and gas companies. The participants comprised senior managers, middle-level managers, and first-line managers within these organizations. Descriptive statistics and multiple regression analysis were used to evaluate the data obtained. The findings showed anR² value of 0.886, which implies that there is a statistically significant and strong positive impact of corporate strategies employed by companies on employees’ accountability. The study recommended that firms should streamline risk assessment processes to avoid overly rigid or poorly executed practices that may undermine employees’ confidence and capability.
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Published in JOURNAL OF ACCOUNTING AND BUSINESS
ISSN: 1596-9912
This article appears in our peer-reviewed academic journal
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