Omayone, C. W.
Department of Business Administration, Faculty of Administration and Management, Rivers State University, Port Harcourt, Nigeria
and
Wechie, Ibekwe
Department of Business Administration, Faculty of Administration and Management, Rivers State University, Port Harcourt, Nigeria
ABSTRACT
This study investigated the relationship between environmental responsibility and the performance of multinational oil and gas firms in Rivers State. The objectives of the study addressed the extent to which practices of environmental responsibility influences the outcomes of organisational performance comprising innovation, organisational learning and market share. The methodology for the study was the quantitative method. The population for the study was seven (7) multinational oil and gas companies in Rivers State, hence, given the small population, the study was conducted as a census. The study was designed as a correlational study with the structured questionnaire used in the collection of data for the research. The Pearson’s Product Moment Correlation Coefficient (PPMCC) was adopted as the statistical tool for assessing the significance of the relationship between the variables. The result from the test showed that environmental responsibility significantly and positively impacts on the performance of the multinational oil and gas firms in Rivers State, that way, contributing toward outcomes of innovation, organisational learning and market share. Following the outcome of the study, it was concluded that environmental responsibility is imperative in addressing the performance concerns of multinational oil and gas companies in Rivers State. It was therefore recommended that policies should be developed and implemented by the management of multinational oil and gas companies that focus on monitoring and coordinating the organisations activities and operations in ways that enhance and reinforce its environmental values and responsibility toward its stakeholders.
Keywords: Environmental responsibility, Organisational performance, innovation, organisational learning, market share.
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