Impact Of Corporate Social Responsibility On The Growth And Expansion Of Firms
(A Case Study Of 5 Selected Companies In Nigeria)
Corporate social responsibility (CSR) is a significant notion that is progressively being deliberated and adopted worldwide. Various stakeholders are demanding the incorporation of social activities in the organizations daily practices. Some of the reasons why companies adopt CSR are; compliance with the law, to enhance a competitive advantage, others do it because it is the right thing to do for the society. The study sought to establish the effect of CSR on financial performance of listed firms in the Nigeria Stock Exchange (NSE). Growth and Expansion (Financial performance) was measured using profitability (Profit after Interest and Tax). Investment in CSR was measured using monetary spending on social activities. Data was obtained from audited financial statements, websites publications and annual reports of 5 companies selected at random. Secondary data was obtained from the year 2014 to 2018. The data was cleaned, pre-tested, validated, coded and analyzed using SPSS. The study adopted a descriptive research design to test the existence of any linear relationship between financial performance and CSR. The study applied multiple regression analysis models to assess the influence of CSR on the growth and expansion of companies in Nigeria. Growth and expansion propensity was the dependent variable while corporate social responsibility was used as the explanatory variables in the study. Target population comprised of publicly listed companies in the NSE of which complete and necessary data available was for 5 companies. Conclusions were derived based on 5% significance level. The study established that CSR had a sufficiently high positive significant effect on growth and expansion of firms in Nigeria. Study findings were that the variables were strongly correlated. The study concluded further that a positive and a significant relation existed between CSR and Growth and Expansion – Profitability. The study recommended that firms should be socially responsible so as to enhance the value of the firm for the shareholders. The study also recommends CSR not to be viewed as a voluntary undertaking but a compulsory practice for the firms. Also, policies among firms to ensure that the firms act in ethical and socially responsible manner to all stakeholders should be formulated and implemented. Lastly, government should cook up certain measures to ensure that defined parts of corporations’ tax liabilities are channelled to public use or a provision tax holidays for CSR compliant companies as an incentive to spur others into active participation in social responsibility.
NOTE: Preview the following Table of Content before you download the full content. WYSIWYG – What You See Is What You Get.
Title Page
Certification
Declaration
Dedication
Acknowledgment
Table of Contents
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study 1
1.1.2 Financial Performance – Indicators of Growth and Expansion 2
1.2 Statement of the Problem 3
1.3 Research Questions 4
1.4 Objectives of the Study 4
1.5 Statement of the Research Hypotheses 4
1.6 Significance of the Study 4
1.7 Scope of the Study 4
1.8 Operational Definition of Terms 5
CHAPTER TWO
LITERATURE REVIEW
2.0 Introduction 6
2.1 Conceptual Framework 11
2.1.2 Motivation and Impacts of Implementing CSR 13
2.1.3 The Relationship between CSR and Profitability – Growth 15
2.1.4 CSR – Profitability Relationship 16
2.1.5 Profitability-CSR Relationship 18
2.1.6 Understanding the Relationship 18
2.2 The Financial Impacts from CSR 19
2.2 Theoretical Review 20
2.2.1 Stakeholder Theory 20
2.2.2 Slack Resource Theory 21
2.2.3 Agency Theory 22
2.7 Empirical Studies of CSR and Financial Performance 23
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction 25
3.2 Research Design 25
3.3 Population and Sample Size 25
3.4 Sources and Data Collection Techniques 26
3.5 Validity and Reliability 26
3.6 Model Specification 27
3.7 Method of Data Analysis 27
3.7.1 Criteria for Decision Making 28
CHAPTER FOUR
DATA ANALYSIS AND PRESENTATION4.1 Introduction 30
1.2 Data Presentation 30
4.3 Data Analysis 31
4.4 Discussion of Results 31
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS5.1 Summary 34
5.2 Conclusion 34
5.3 Recommendations 34
5.4 Suggestion for Further Studies 35
5.5 Limitations of the Study 36
References 37
Appendix 42
This “Impact Of Corporate Social Responsibility On The Growth And Expansion Of Firms” file contains 5 Chapters, 51 Pages and 12,656 Words.
The author of Impact Of Corporate Social Responsibility On The Growth And Expansion Of Firms is written at the front page of the downloaded file.
To download this Impact Of Corporate Social Responsibility On The Growth And Expansion Of Firms full file, click on “Download File” on top of this page and follow the next.