IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON PROFITABILITY OF LISTED CONSUMER GOODS IN NIGERIAN
Abstract
This thesis examines the impact of corporate social responsibility (CSR) on the profitability of listed consumer goods firms in Nigeria, focusing on legal, economic, ethical, and philanthropic responsibilities. Despite the growing emphasis on CSR, debates persist regarding its effect on financial performance, with mixed empirical evidence from Nigerian studies. The research objectives are to assess how each CSR dimension influences profitability, measured by return on assets (ROA). Utilizing a panel data design from 2019 to 2024 for purposively sampled firms on the Nigerian Exchange Group, the study employs regression analysis. Findings reveal that CSR accounts for 14% of profitability variation, with economic responsibility exhibiting a positive and significant effect, while ethical and legal responsibilities show no significant impact. The thesis concludes that prioritizing economic CSR enhances financial outcomes and recommends reevaluating ethical and legal strategies for better alignment with performance goals.
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