EFFECT OF CORPORATE SOCIAL RESPONSIBILITIES ON THE PERFORMANCE OF FIRMS IN NIGERIA

ABSTRACT This study majorly determined the effect of corporate social responsibility on the performance of firms in Nigeria. The specific objectives include; to examine the effect of corporate social responsibilities in education sector on the performance of firms, to ascertain the effect of corporate social responsibilities in environment on the performance of firms and evaluate the effect of corporate social responsibilities in health sector on the performance of firms. Hypotheses were formulated in line with the specific objectives. The population of the study was sixty-six (66) listed firms from Nigeria Exchange Group where a sample size of twenty (20) manufacturing firms were drawn using judgmental sampling techniques. The study adopted an expost-facto design because secondary data was used. The hypothesis was tested using linear multiple regression analysis. The study findings reveal that corporate social responsibility in education sector has a significant effect on firms’ performance, corporate social responsibility in environmental sector has a significant effect on firms performance and corporate social responsibilities in health sector has a significant effect on performance of firms. Based on the findings, this study recommends that a robust policy framework for environmental CSR programs should be adopted by the government of Nigeria to help realize an effective and efficient CSR performance relation, shareholder’s views be considered regarding how much the firm should invest on health and education annually and the nature of CSR activities to be undertaken.