Social Responsibility as a Tool toward Economic Growth: Nigerian SMSEs’ Participation (original) (raw)
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MANAGING CORPORATE SOCIAL RESPONSIBILITY FOR GROWTH OF MICRO, SMALL & MEDIUM ENTERPRISES IN NIGERIA
IAEME PUBLICATION, 2020
This study examines the roles that corporate social responsibility plays on the growth of micro and medium enterprises (MSEs) in Nigeria. To achieve the main objective, the study employed the method of survey in which and data was collected though administered questionnaire from 384 sampled respondents who were majorly the members and staff of ten selected MSEs in Enugu Nigeria. Statistical technique software SPSS was utilized to analyzed data collected. Having analyzed the data, the study found out that corporate social responsibility activities positively affect the growth of MSEs in Nigeria. Among other things, the study recommends that MSEs should voluntarily integrate both social and environmental upliftment in their business philosophy and operations. The study also admonished that Government should fix minimum expected actions that firms should spend on corporate social responsibility activities
Research Journal of Finance and Accounting, 2022
The study examined the effect of CSR on the financial performance of MSMEs in Nigeria using Ekiti State as a case. Specifically, the study examined the effect of employees' health and safety, community development, and environmental remediation on the financial performance of MSMEs. A survey research design was adopted. The population of the study comprises 967,468 registered MSMEs in Ekiti State as of 31 st December 2021 (SMEDAN,2021). A sample size of 400 respondents was selected using Taro Yamane's formula. Data was obtained from primary sources using a well-structured questionnaire. The Cronbach Alpha test result of an average of 80% confirmed the reliability of the research instrument. The data collected were analysed using descriptive statistics and OLS regression. The results revealed that employees' health and safety, community development, and environmental remediation exhibited a significant positive relationship to the financial performance of MSMEs. The study concluded that, the financial performance of MSMEs in Nigeria will increase at the instant of their social responsibility. It is therefore recommended that MSMEs in Nigeria should embrace the philosophy of CSR as a bait to improve their financial performance.
The Practices of Corporate Social Responsibility of Small Scale Enterprises in Akwa Ibom State
Implementation of the Corporate Social Responsibility (CSR) among construction companies in Malaysia is necessary due to increasing importance of growing environmental awareness and demand for better social equality among population and community. Unfortunately, implementation of CSR among Malaysia construction companies is still low even though numerous promotion and encouragement has been made. The objectives of this study are to investigate the awareness of CSR implementation, to assess the current level of CSR implementation, to investigate the barrier in implementing CSR and finally to examine the strategy to implementation CSR among construction companies in Malaysia. Guideline of social responsibility presented in ISO 26000 (Guidance on social responsibility) based on seven principles served as the main reference point to gauge the implementation level of CSR among organization. Thirty (30) questionnaires sets using five point Likert scale method had been collected among selected construction companies in Malaysia. Collected data were processed using SPSS and the results were analysed using average index formula. From the findings, 66.7 per cent of the companies survey implemented CSR, 20 of 30 surveyed companies claimed that they implemented CSR principles and related core elements. The findings also show that, no support from the top management was the critical barrier to implement CSR. Meanwhile reduction of cost constrain such as tax reduction, separate CSR budget and select appropriate CSR activities were highly regarded as strategies to reduce the CSR implementation barriers.
Corporate Social Responsibility and Effectiveness of Small and Medium Enterprises (Smes) In Nigeria
IOSR Journal of Business and Management, 2012
The research study takes a look at the relationship between corporate social responsibility and some dimensions of organizational effectiveness of Nigerian Small and Medium Scale Enterprises. Data were collected by means of questionnaires administered to selected SMEs in Lagos state. The study generated sixty percent response rate from two hundred and nine SMEs existing for more than five years. Responses from the survey were statistically analyzed using descriptive statistics, and product moment correlation. The results of the study indicated that Nigerian SMEs operators were actively involved in business ethics, urban and consumer affairs, but least involved in environmental affairs. The study showed that organizational effectiveness of the participating firms is to large extent satisfactory. However, the study concludes and recommends that the involvements in corporate social responsibility were found to correlate positively with organizational effectiveness and that the government should encourage the Nigerian SMEs investors in some aspects of corporate social responsibility and monitoring of SMEs environmental affairs.
Knowledge and Attitude of Corporate Social Responsibility by Selected Small Businesses in Ado-Ekiti
American Journal of Social Sciences and Humanities, 2019
Corporate Social Responsibility over the years is keenly observed as germane to business long term survival. The impact of CSR reflect both in the business performance and societal impact. In Nigeria, it is observed that CSR is mostly practiced by large businesses when compared to small businesses. This study objectives includes accessing the knowledge of small businesses of CSR, know the attitude of small businesses towards CSR and contributing factors to the attitude of small businesses. The researchers used descriptive analysis methods to analyse responses from respondents. Result from the study revealed that majority of respondents were of the view that CSR was strictly for large firms, so small businesses has no business engaging in CSR activities. Most small business considered CSR as waste of scarce resources and irrelevant to business growth. The result also showed that lack of knowledge, less funds, lack of exposure towards CSR and government policy are responsible for poor attitude towards CSR activities. The study recommends that government, pressure groups and other stakeholders should regularly organise programmes through various channels on the need for small businesses to change their perception about CSR. Also association, and government agencies should sanitize small businesses on the importance of CSR to their business and society.
Social Responsibility Journal, 2009
Design/methodology/approach -The approach was to use the components of Dzansi's framework to create an instrument for measuring BSR activities of small ventures that operate in rural Africa. The instrument was tested in a rural community in South Africa for validity reliability structure, and its ability to predict firm performance given performance of certain BSR activities. Findings -Through factor analysis of data obtained from 314 small businesses in a rural South African setting, the instrument was found to be valid for measuring small business BSR and identified five factors: expected benefits; community or customer practices; realised or actual benefits; awareness or attitude and performance; and employee practices. Through discriminant analysis, employee practice was found useful for classifying ventures as high or low sales and profit performers, suggesting that information on a firm's BSR related employee practices may be useful predictors of sales and profit. Research limitations/implications -Firstly, the methodology requires self-evaluation by the respondents. However, those respondents who reported low levels of BSR activities (and negative growth in sales and performance) also reflected on their own "performance" and recorded it as low signifying some level of realistic reporting. Secondly, there is absence of question items about environmental issues. Thirdly, the sample was taken in a small rural setting, which requires caution when generalising from the results. Originality/value -This study provides an African context specific measurement instrument for addressing small business BSR. Academics will find it useful in their research efforts. Fund managers will also find it useful for evaluating small business BSR performance. Owners/managers will have a benchmark in performing their social obligations.
International Journal of Business and Management, 2013
Corporate social responsibility (CSR) is the promise by business organizations to behave in a way that is ethically acceptable and at the same time contributing to the economic development and improvement of the living conditions of the employees, the catchment community and the larger society. Small and medium scale enterprises (SMEs) can serve as the engine room for corporate social responsibility in developing countries, like Nigeria, since a high proportion of economic activity is generated through them. Hotel industry, belonging to this group has expanded rapidly since the return to democratic rule in 1999 primarily due to government's interest in tourism development. Such expansion of the hotel industry calls for an enquiry into how socially responsible its activities are. Hence, this study explored the corporate social responsibility of the hotel industry in Nigeria. Primarily, the study made use of quantitative data obtained though questionnaire administered on the management officers in these hotels. It was found out that corporate social responsibility practices are minimal and at an informal level. It is recommended that corporate social responsibility should be embraced by the small and medium scale enterprises in order to fast track the country's overall development.
The International Journal of Business and Management, 2022
Corporate Social Responsibility has been recognized as one of the key factors for business sustainability. Majority of corporate social responsibility research focuses on large corporations. Paucity of data and limited research exists on the corporate social responsibility of medium scale enterprises despite their enormous contribution to the world economy and their impact on the social and natural environments. It is in this regard that this study seeks to examine the extent which medium scale businesses implement corporate social responsibility to the community and environment of their operation. Using a descriptive analysis, 100 respondents were examined in Uyo and the findings indicate that majority of Medium Scale Enterprises in Uyo Metropolis practice CSR on their community (89%) and environment (76%) of operation. The CSR practices on the Community involve provision of electricity (33%), provision of pipe born water (24%) and provision of scholarship schemes (15%) among others while that practice on the Environment involves Waste Management (24%), executing environmental friendly projects (15%), controlling of environmental hazards (12%) among others. The study adds new knowledge to the entrepreneurship literate especially as it concerns the context of the study and recommends awareness creation for more Medium Scale Enterprises to practice CSR and the need to encourage those who are already engaged in the practice to do more.
Social responsibility in micro businesses in an African context: Towards a theoretical understanding
Business Ethics, the Environment & Responsibility
Society demands that businesses, including micro, small and medium enterprises, act responsibly towards their stakeholders and operating environments. Size and nationality contexts determine how businesses understand and approach their social responsibilities. Specific to size, evidence from the academic literature shows that small businesses understand the idea of social responsibility (SR) differently from large businesses. Small businesses may engage in SR without knowing it or without referring to their actions as SR (Hsu & Cheng, 2012
Social Responsibility Journal, 2009
Purpose -The purpose of this paper is to propose an instrument, the Small Enterprise Social Responsibility Inventory (SESRI) for measuring business social responsibility (BSR) in the African venture setting. Design/methodology/approach -The approach was to use the components of Dzansi's framework to create an instrument for measuring BSR activities of small ventures that operate in rural Africa. The instrument was tested in a rural community in South Africa for validity, reliability, structure, and its ability to predict firm performance given performance of certain BSR activities. Findings -Through factor analysis of data obtained from 314 small businesses in a rural South African setting, the instrument was found to be valid for measuring small business BSR and identified five factors: expected benefits; community or customer practices; realised or actual benefits; awareness or attitude and performance; and employee practices. Through discriminant analysis, employee practice was found useful for classifying ventures as high or low sales and profit performers, suggesting that information on a firm's BSR related employee practices may be useful predictors of sales and profit. Research limitations/implications -Firstly, the methodology requires self-evaluation by the respondents. However, those respondents who reported low levels of BSR activities (and negative growth in sales and performance) also reflected on their own ''performance'' and recorded it as low signifying some level of realistic reporting. Secondly, there is absence of question items about environmental issues. Thirdly, the sample was taken in a small rural setting, which requires caution when generalising from the results. Originality/value -This study provides an African context specific measurement instrument for addressing small business BSR. Academics will find it useful in their research efforts. Fund managers will also find it useful for evaluating small business BSR performance. Owners/managers will have a benchmark in performing their social obligations.