CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE OF QUOTED COMPANIES IN NIGERIA.

Abstract

The aim of the study is to examine the effect of corporate social responsibility on firm performance. Manufacturing-related businesses made up the study's population. From 2017 to 2021, or for a period of five years, a sample of 30 manufacturing enterprises was chosen using the purposive technique. The information was gathered from publicly available sustainability reports and company annual reports. The panel data regression method was used to analyze the data that had been obtained. The study discovered that environmental disclosure significantly and favorably impacts corporate performance. The impact of social transparency on corporate performance was shown to be both favorable and negligible. It was discovered that the variable economic disclosure had a favorable and negligible impact on business performance. Firm performance was found to be positively impacted by the control variable firm size, and this impact was found to be statistically significant. The study's overall finding was that CSR has a favorable impact on corporate performance. According to the study's conclusions, businesses should concentrate more on environmental disclosure than on other types of CSR disclosure because it will greatly improve their performance.