Factors influencing corporate social responsibility reporting: evidence from oil and gas companies in Tanzania

This study examines factors influencing corporate social responsibility reporting, evidence from oil and gas companies in Tanzania. The specific objectives of this study were to identify the influence of board composition in CSR reporting practices and to identify relationship between organizational performance and CSR reporting practices.A sample of 100 respondents from three international oil and gas companies and two local oil and gas companies operating in Tanzania were used. Primary data was collected through electronically administered self-structured questionnaire. Data collected were downloaded from google form into Statistical Package for Social Sciences (SPSS) for analysis. Regression analysis from Ordinary Least Square approach was used to establish relationship between independent and dependent variables.The findings from the study revealed that women composition in the board, Market shares and profitability have positive significant relationship with CSR reporting. On the other hand, board independence and board size have negative relationship with CSR reporting. The study recommends that organizational boards should include more women so as to enhance more CSR reporting. Furthermore, profitable companies should initiate CSR activities and report them. This will give them goodwill and credibility before the eyes of stakeholders on the activities conducted. Also, companies with large market share should engage in CSR activities and report them since it will keep stakeholders informed about their social accountability which in turn will give them the chance to widen their market share.