THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FIRM PERFORMANCE IN NIGERIA

ABSTRACT

This study examines the impact of Corporate Social Responsibility on firm performance in Nigeria. The study adopted the expo facto research design using data from the annual report of firms listed in the Nigerian Stock Exchange. The data was analysed using ordinary regression technique; the result shows that return on equity (ROE) has no significant effect on Corporate Social Responsibility (CSR). The result also revealed that Tobin’s Q has no significant effect on Corporate Social Responsibility (CSR). The study recommends that government should work closely with private sector to support economic development and manage the funds entrusted in their care. A dialogue should be made with the business world and other stakeholders in determining common standards, reporting mechanisms and the extent to which they be responsible. All stakeholders should ensure that they encourage their banks to have serious commitment toward CSR, as this has provided to add value to their investment in the long run. This will particularly encourage those investors who are interested in long term investment.