Survey of corporate social responsibility practices in Nigerian manufacturing sector Survey of corporate social responsibility practices in Nigerian manufacturing sector (original) (raw)
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International Journal of Research Studies in Management, 2(1), 1-10 , 2013
Based on stakeholders' theory, this study examined the practice of corporate social responsibility by manufacturing companies in Nigeria. It employed survey research design to study 15 randomly selected companies in the food and beverages sector. A total of 225 questionnaires were administered to collect data. Data analysis revealed that CSR is a familiar concept in the sector as most of the companies do engage in CSR activities regularly. The major areas of focus of the CSR activities include Education and Youth Development/Sport, among others. However, the study revealed that the proportion of Turnover invested in CSR is negligible. The hypothesis tested also corroborated this fact as the result of the test indicated no significant relationship between turnover and CSR investments. The major recommendation is that Nigerian manufacturing organizations should review their CSR policies to ensure that they are not just socially responsible, but to be seen so by the public.
Survey of corporate social responsibility practices in Nigerian manufacturing sector
International Journal of Research Studies in Management, 2013
Based on stakeholders' theory, this study examined the practice of corporate social responsibility by manufacturing companies in Nigeria. It employed survey research design to study 15 randomly selected companies in the food and beverages sector. A total of 225 questionnaires were administered to collect data. Data analysis revealed that CSR is a familiar concept in the sector as most of the companies do engage in CSR activities regularly. The major areas of focus of the CSR activities include Education and Youth Development/Sport, among others. However, the study revealed that the proportion of Turnover invested in CSR is negligible. The hypothesis tested also corroborated this fact as the result of the test indicated no significant relationship between turnover and CSR investments. The major recommendation is that Nigerian manufacturing organizations should review their CSR policies to ensure that they are not just socially responsible, but to be seen so by the public.
ABSTRACT Modern day corporations operate their businesses in dynamic environment, with stiff competition from competitors struggling over the limited resources. Based on the idea that businesses are benefiting from the environment, it is therefore imminently necessary that they should return something back to the society in order to benefit the community at large. This in the short run constitutes cost to the company/business and advantage to the community, but it pays off in the long-run for them (businesses). The objective of this study is to investigate the impact of corporate social responsibility on the performance of manufacturing companies’ performance. Three hypotheses were formulated to guide this investigation exercise. Primary data were used and were obtained through the use of a closed-ended form of questionnaire. Four hundred questionnaires were distributed personally by the researcher to top level management officers of the Butterfield Bakery, Coca-cola Plc., Dangote Flour Mill and Tuyil Pharmaceutical Industry – all being the sample industries selected from within Ilorin metropolis. Two hundred and seventy (270) of the administered questionnaires were generated with full response, this constituting 67.5% success rate. Chi-square (X2) and Spearman Rank Order correlation coefficient analysis techniques were used to analyse the generated data. The findings of the study pointed us to the fact that corporate social responsibility plays a significant role in improving the performance of manufacturing firms. The study recommended that corporations should specially earmark fund for corporate social responsibility projects in which they will like to enjoy its advantages in the long-run.
2020
Agitation for societal development has been on for a long time in Nigeria. This has made many communities to complain against organisations making profits in the povertyridden environments. It is for this reason that the communities call on the organisations to contribute to their development through corporate social responsibility (CSR) programmes. The study employed secondary methodology of desk research technique and found that organisations in the selected industries have contributed to the well-being of their communities. The study supports the position of the stakeholder theory that organisations should take care of all stakeholders and not only the shareholders. Going forward, it recommends that organisations in Nigerian industries should invest more in the area of corporate social investment as a form of CSR thereby ensuring that the people could achieve much needed development sustainably.
INVESTMENT IN CORPORATE SOCIAL RESPONSIBILITY AND PERFORMANCE OF QUOTED MANUFACTURING FIRMS IN NIGERIA, 2020
As a result of the dynamic and competitive global economy, which has consequence on performance, firms have embraced investment in corporate social responsibility as a corporate governance tool. This study investigated the impact of investment in corporate social responsibility on performance of quoted manufacturing firms in Nigeria. The study adopted the ex-post facto research design. A sample of twenty firms was selected from a population of fifty manufacturing firms quoted in the Nigerian Stock Exchange (NSE) as at 31 st December, 2017. The sample was drawn using three sampling techniquesstratified, proportionate and random sampling technique. The data covering a period of ten years from 2008 to 2017 were sourced from published annual financial reports of the firms selected. The validity and reliability of the data was based on the statutory audit of all the financial statement by qualified auditors and approved by the regulatory authorities. The study adopted descriptive and inferential statistics for data analysis. The study revealed that investment in CSR has a positive and significant impact on employee productivity (Adj. R 2 = 0.3726; F-value = 6.6414; p-value = 0.0074). It further revealed that investment in CSR has positive but insignificant impact on profitability (Adj. R 2 =-0.0181; F-value=0.8304; p-value = 0.4528). The study concluded that manufacturing firms in Nigeria do not view investment in CSR as a strategic tool to improve performance but employed to achieve other corporate objective(s). The study recommended that manufacturing firms in Nigeria should not treat investment in CSR as an optional activity rather it should be integrated as a long-term business strategy.
Zbornik radova - Journal of Economy and Business, 2019
The study investigates comparatively the relationship between the areas of focus of Corporate Social Responsibility (CSR) initiatives of selected banks and manufacturing firms in Nigeria. This study took place in Lagos State, Nigeria. The research design used is the survey research design while the case study banks and manufacturing firms were selected through purposive sampling. Primary data were gathered through questionnaire from 216 and 205 respondents selected respectively from commercial banks and manufacturing firms from a total of 250 respondents selected from each sector. This gives 84.2% response rate. All the respondents selected from various companies were actively involved in CSR activities of their respective companies. Analysis of Variance (ANOVA) was used to examine the areas of focus of CSR activities of selected companies. The results of the study revealed a value of -0.73 for t-test and 0.58 for p value. This means that a significant difference cannot be found bet...
Res Militaris , 2023
Corporate social responsibility (CSR) is one of the key ways that businesses respond to the social needs of the communities in which they operate. The interest in CSR first grew in tandem with society's expanding concern for issues including the environment, human rights, corporate ethics, and other social factors. Different businesses are creating codes of ethics, disseminating CSR statements and reports, and inviting stand-alone assessors to evaluate the execution of their CSR procedures and policies as a result of the increasing pressure to behave in a publicly accountable manner. This study is aimed at examining the effects of corporate social responsibility on organizational performance in manufacturing sector in Nigeria, with focus on Flour Mills Nigeria Plc. The quantitative research method was applied using a survey strategy while data was obtained from 150 respondents using the questionnaire instrument. The quantitative outcomes presented that CSR has a statistically substantial association with
Binus Business Review, 2016
This research investigates the factors necessitating commercial banks and manufacturing firms’ involvement in Corporate Social Responsibility (CSR) in Nigeria comparatively. The research took place in Lagos State in South-west geo-political zone in Nigeria. The survey research design was used in this research. Moreover, the purposive sampling was used in selecting five commercial banks and five manufacturing firms. Primary data were gathered with the aid of questionnaire from 216 respondents out of 250 selected respondents from bank and 205 respondents out of 250 selected respondents from manufacturing firms. Fifty copies of the questionnaires were distributed to each company. All respondents selected were involved in CSR activities of their companies. Factors necessitating companies’ involvement in CSR were examined with Analysis of Variance. The research reveals that t-test value is -0.39 and p-value is 0.8, which shows that there is no significant difference between factors neces...
Environmental Sustainability Practice is one of the major Corporate Social Responsibilities (CSR) of manufacturing companies in Nigeria necessary to achieve development and poverty eradication among the populace. The study ascertained the extent of environmental sustainable social responsibility corporate practices of manufacturing companies in Cross River State. Descriptive survey design was adopted for the study. The population comprised 578 community representatives in Cross River State and a sample of 216 community representatives selected using a three stage multi-stage sampling technique. The study was conducted in the eighteen local government areas in Cross River State. One research questions guided the study and one hypothesis was tested at 0.05 level of significance. A 12-item validated structured questionnaire was used to collect data and the reliability of the instrument established using split-half method. The reliability coefficient of the instrument was 0.82, obtained with Pearson product moment correlation formula. The data collected were analyzed using mean scores for the research questions. The hypotheses were tested with one-way analysis of variance. The findings of the study revealed among others that the manufacturing companies in Cross River State practice corporate social responsibility in environmental sustainability to a small extent. It was recommended among others that owners of manufacturing companies should be sensitized through trainings to proactively promote the public interest by engaging in corporate social responsibility practices that encourage community growth and development, and voluntarily eliminate practices that harm their environment regardless of legality.