JOURNAL OF ACCOUNTING AND BUSINESS

RISK MANAGEMENT, STAKEHOLDERS’ ENGAGEMENT AND EMPLOYEES’ ACCOUNTABILITY IN SELECTED LISTED NIGERIAN OIL AND GAS COMPANIES

ADEYANJU OLANREWAJU, DAVID (PhD)

August 16, 2025

Citation

JOURNAL OF ACCOUNTING AND BUSINESS , Vol. 12 (2) (2025) , pp. 1-28

Details

ISSN: 1596-9912
Published: August 16, 2025
Status: Published

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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