Corporate Social Responsibility and Performance of Listed Pharmaceutical Sector Firms in Nigeria

Abstract

The purpose of this study was to examine the relationship between corporate social responsibility and performance of listed pharmaceutical companies in Nigeria. Using the ex-post facto research design, secondary data was collected from published annual reports of sampled five pharmaceutical companies listed on the Nigerian Exchange Group from 2015 to 2021. The ordinary least square regression technique was used in conjunction with E-views version 9 computer software to evaluate the collected data. Corporate social responsibility was found to have a positive and statistically significant relationship with profits for publicly listed pharmaceutical companies in Nigeria. Policies favoring an acceptable rise in corporate social responsibility were recommended as a goal for the management of pharmaceutical businesses.