Corporate Social Responsibility in Nigeria

Okaro, Sunday C.; Okafor, Gloria O.

doi:10.1007/978-3-030-68386-3_24

Cited by 2 publications

(6 citation statements)

References 14 publications

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“…Although, in the regression co-efficient result, ICD and ROA are negatively related. These finding aligns with the study of Okafor and Oshodin (2012) that a positive significant relationship existed between profitability and companies' contribution towards community development. Likewise, Iqbal et al (2013) and Register (2018) found that environmental accounting implementation is significantly impacted by environmental performance and between CSR and ROA.…”

Section: Discussion Of Findingssupporting

confidence: 91%

“…Likewise, Iqbal et al (2013) and Register (2018) found that environmental accounting implementation is significantly impacted by environmental performance and between CSR and ROA. Similar assertions had been gathered from various scholars' that corporate social responsibility which involves investment in community development has a profound positive impact on corporate financial performance of Nigerian firms' ability to remain in business (Adediran & Alade, 2013;Ebiringa et al, 2013;Erhinyoja & Marcella, 2019;Garriga & Mele, 2004;Ilaboya & Omoye, 2013;Iqbal et al, 2013;Makori & Jagongo, 2013;Mousa & Hassan, 2015;Okafor & Oshodin, 2012;Oroxom et al, 2018;Powei, 2020;Santos & Brito, 2012).…”

Section: Discussion Of Findingssupporting

confidence: 53%

“…From the results of various studies carried out, scholars hypothesized that since an organization does not exist in a vacuum, it should collaborate with its host communities for a sustainable development that would in turn guarantee its business success. Likewise, the outcome of study carried out by Okafor and Oshodin (2012) showed that positive significant relationship existed between profitability and companies' contribution towards community development in the areas of education and health. These assertions have been gathered from various scholars in their attempts to evaluate how the concept of corporate social responsibility (CSR) affects firms' ability to remain in business (Adediran & Alade, 2013;Ebiringa et al, 2013;Iqbal, Sutrisno, & Rosidi, 2013;Makori & Jagongo, 2013;Okafor & Oshodin, 2012;Santos & Brito, 2012).…”

Section: Investment In Community Development and Roamentioning

confidence: 98%

“…Likewise, the outcome of study carried out by Okafor and Oshodin (2012) showed that positive significant relationship existed between profitability and companies' contribution towards community development in the areas of education and health. These assertions have been gathered from various scholars in their attempts to evaluate how the concept of corporate social responsibility (CSR) affects firms' ability to remain in business (Adediran & Alade, 2013;Ebiringa et al, 2013;Iqbal, Sutrisno, & Rosidi, 2013;Makori & Jagongo, 2013;Okafor & Oshodin, 2012;Santos & Brito, 2012). For instance, Ilaboya and Omoye (2013) found that corporate social responsibility has a profound positive impact on corporate financial performance of firms.…”

Section: Investment In Community Development and Roamentioning

confidence: 98%

“…Poor corporate relations with host communities, oil infrastructure vandalization, severe ecological damage, and personal security problems throughout the Niger Delta oil producing region continue to plague Nigeria's oil sector. As such, previous literatures provided evidence on the impact of corporate social responsibility on firm's corporate performance (Alabi & Ntukekpo, 2012;Ilaboya & Omoye, 2013;Okafor & Oshodin, 2012). Also, the studies of Ebiringa, Yadirichukwu, Chigbu, and Ogochukwu (2013) and Oroxom, Glassman, and Mcdonald (2018) identified various reasons such as size, regulations, external economic events and pressure from external stakeholders why investment in communities' development are made by companies other than to impact return on…”

Section: Introductionmentioning

confidence: 94%

See 4 more Smart Citations

Investment in Community Development and Return on Assets: Does it Matter?

Ahannaya

Iwala

Umukoro

2021

171

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The debate as to what drives return on asserts has remained unabated. Contextual reports have shown that despite organizations declaring several corporate responsibility initiatives to collaborate with the host communities, financial pointers of Oil firms such as, return on assets have maintained fluctuating performance and a steady decline. Thus, this paper probed into the impact investment in community development has on return on assets. The paper employed an Ex-post facto research design with a focus on the population of five multinational oil firms in Nigeria based on availability of data. The study made use of secondary data sourced from the annual reports of the sampled oil companies for a period of ten years (2006 - 2015). The study adopted inferential statistics for panel data analysis. Results revealed that investment in community development had a positive significant impact on ROA (R2 = 0.44, t-statistic is -3.486992 and p = 0.0011) of multinational oil companies in the Niger Delta Nigeria. The study recommended that management of companies should adopt viable strategies to explore community development for the host communities and improve companies host communities’ liaison to achieve sustainable development and guarantee enabling business operating environment in return.

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Section: Discussion Of Findingssupporting

confidence: 91%