Corporate social responsibility and financial performance: Evidence from Nigerian manufacturing sector

Enahoro, John. A and AKINYOMI, Oladele John and Olutoye, Ebenezer Adedayo (2013) Corporate social responsibility and financial performance: Evidence from Nigerian manufacturing sector. ASIAN JOURNAL OF MANAGEMENT RESEARCH, 4 (1). pp. 153-162. ISSN 2229 – 3795

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Abstract

The study examined the relationship between CSR and firms’ financial performance with focus on the Nigerian manufacturing sector. It employed descriptive research design and selected a sample of 20 firms-years during 2002-2011. The population of the study comprises of manufacturing companies that are listed in the Nigerian Stock Exchange; samples were selected using simple random sampling method. Data were collected from the audited financial statements of the selected companies for a period of ten years. Using profit before tax and annual turnover as proxies for financial performance, correlation and regression analysis were conducted. The results revealed a significant relationship between CSR and profit before tax on one hand; and CSR and turnover on the other hand. The main recommendation is for the firms to increase their investments in CSR as this would boost their financial performance in the long run.

Item Type: Article
Uncontrolled Keywords: Corporate Social Responsibility, Manufacturing Sector, Performance.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mr Tayo Okunlola
Date Deposited: 18 Nov 2016 12:19
Last Modified: 18 Nov 2016 12:19
URI: http://eprints.abuad.edu.ng/id/eprint/1260

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