Why Socially Responsible? Determinant Factors of Organizational Performance: Case of Dangote Cement Factory in Ethiopia (original) (raw)
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The major objective of this study was to examine the effect of corporate social responsibility on organizational performance: A study of selected consumer goods producing firms in Yola, Adamawa State. In the study, relevant literature was reviewed. A total of three (3) hypotheses were formulated. This study had a population of five hundred and forty-six (546). The Taro Yamane sample size determination formula was adopted to select a sample size of two hundred and thirty (230) respondents. Out of this number, two hundred and sixteen (226) questionnaires were returned, giving a response rate of 98.3 percent. The study adopted the causal research design. A structured questionnaire using Likert scale was used as a major instrument of data collection. The instruments was duly validated and reliability was obtained through test-retest method. Both descriptive and inferential statistical tool was applied specifically the linear regression was applied with the aid of SPSS version 25 to test the hypotheses. The hypotheses for the study were tested at 0.05 level of significance under N-3 degrees of freedom. The findings revealed that economic corporate social responsibility, philanthropic corporate social responsibility and ethical corporate social responsibility has significant effect on organizational performance of Adama Beverage ltd. and Rico Gado Nutrion. It was concluded that economic corporate social responsibility, philanthropic corporate social responsibility and ethical corporate social responsibility has positive and significant effect on organizational performance. Based on the findings of this study, it was recommended that firms should not forget the original and major aim of the business by ensuring its growth and prosperity. In making decision on social responsibility, economic efficiency should be the watch word. It was also recommended that, businesses should be corporate good citizen and improve the quality of life in society they operate because, it is normal and right thing to do. Furthermore, business organizations have to develop a code of ethics as this becomes essential when one considers what respondents say in the affirmative about the decision of business pertaining the issues of social responsibility.
Determinants of Factors Influencing Social Responsibility Performance in Businesses of Marawi City
INTERNATIONAL RESEARCH JOURNAL OF SHARIAH, MUAMALAT AND ISLAM, 2023
This work is licensed under CC BY 4.0 Along with the rising number of business enterprises, there is also a growing importance of social responsibility among businesses. However, there is a lack of visible CSR (Corporate Social Responsibility) initiative being implemented among the local business enterprises despite the known importance of CSR to a company's reputation and its impact to overall business success. Hence, this research sought to determine the various factors influencing social responsibility in businesses of Marawi City. This particularly includes the business profile, the level of understanding, the drivers and barriers, as well as the significant relationship of these factors with CSR initiatives. For this purpose, this study adopted quantitative-correlational type of research. Data was collected through a questionnaire from a 246 sample of businesses from different sectors in Marawi City. The data gathered was analysed using various statistical tools. The results of the study indicate that CSR activities are prevalent despite the fact that the majority of the firms operating within the city have a low net income. It was found that the firms' ability to participate in more CSR efforts were relevantly limited by lack of financial resources. The findings of this study also suggests that the belief that CSR is a form of charity is the most significant factor that drives the performance of CSR initiatives. The results of this study not only offer a deeper understanding of the factors affecting CSR implementation, but also proposes an Islamic CSR Framework that is in accordance with the practices valued by Muslim Maranao entrepreneurs.
The Impact of Social Responsibility on Corporate Performance
Today, companies are trying to improve the mental image of their clients, through identify their social responsibilities and their targets to implement these plans. The programs related to social responsibility has different effects on corporate performance. The main objective of this study was to evaluate the impact of social responsibility on the performance of cement companies in the province This study is applicative in term of the purpose and descriptive in term of the nature of the survey. The statistical society includes senior and middle managers of Cement companies in Fars. They were 91. Sample size was 74 using random sampling method and Morgan table. The questionnaire was used to gather data the reliability and validity were approved using Cronbach's Alpha test with regard to academic and industry experts. In the process of analyzing data, Excel and Spss software was used. Variables in the analysis of one sample t-test showed that the variables of social responsibility and performance of the cement companies are in good condition. Also, multiple regression was used to examine the impact of social responsibility (liability, economic, legal, ethical and responsible selfless) and concluded except the economic responsibility, other three dimensions of social responsibilities influence on the performance. Finally, using linear regression, the impact of social responsibility on the performance of cement companies were reviewed and discussed and this thesis was approved.
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Corporate social responsibility has been in the cycle of intensive discussion among scholars on whether when practised has any effect on the firm’s performance. Some firms especially small ones tend to ignore the concept of corporate social responsibility while others take pride and fully involve themselves. The question has been whether it has any positive effect on the overall firm performance. The purpose of the study was to determine the relationship between corporate social responsibility and the performance of Kilimanjaro Airports Development Company (KADCO). The study explored different financial and non-financial aspects of KADCO’s performance. A descripto-explanatory research design was used covering a stratified simple random sample of 377 respondents drawn from a target population of 20,000. The collected data was analysed using descriptive and inferential statistical tools. Whereas means and standard deviation were used to determine and explain variable characteristics, ...
Some organizations have understood and embraced the concept of corporate social responsibility as a means of improving their performance. The purpose of the study is to determine the influence of corporate social responsibility activities on organizational performance. A survey research design was used in the study. The target population for this study is the skilled labour of Seven-Up Bottling Company Plc, Ibadan, and Nigeria Brewery Plc, Ibadan. 262 was used as the sample size for the study which was calculated by Taro Yamane Formula. The questionnaires were the main instrument of data collection. Descriptive statistics analysis was used for demographic data of the respondents while inferential statistics through the use of multiple regression were used to test the hypotheses. The findings revealed that corporate social responsibility significantly influences organizational performance. Furthermore, philanthropic, ethical, economic, legal activities significantly predict organizational performance among the manufacturing firms in Oyo State, Nigeria. It was concluded that four dimensions of corporate social responsibility activities which include; philanthropic activities, ethical activities, economic activities, and legal activities positively influenced organizational performance. The study recommends that senior management should always ensure continuous and intensive research and development to ensure maximum exploitation of activities used for managing and controlling corporate social responsibility to enhance organization performance.
The major aim of this study was to examine the impact of Corporate Social Responsibility (CSR) on business performance using a sample of 50 firms operating in Zimbabwe. What prompted the study are the underlying adverse general macroeconomic conditions prevailing in Zimbabwe. More specifically the study investigated the CSR activities done by firms operating in Bindura and their impact on corporate image and performance. Numerous scholars have observed an escalation in CSR investments proving a worldwide growing interest in the concept. Companies are spending large amounts of money in their commitments to the local communities, work places and market places. The methodology used in this paper employed a descriptive research design. 50 questionnaires were distributed to the most senior managers of the 50 chosen firms and another set of questionnaires was distributed to a sample of 100 members of the public randomly selected. Data analysis was done using regression and correlation analyses utilising the SPSS software. CSR activities done by Zimbabwean firms are diverse and range from sponsoring disadvantaged children's education, sporting activities, training and supporting local SMEs, protecting the environment, poverty alleviation through job creation, construction of schools, computer laboratories for students, to road maintenance activities. The findings show that a positive relationship exists between CSR and performance; and also between CSR and corporate image creation. Zimbabwean firms which invest in CSR are set to outperform those that do not because CSR is being used as a social marketing tool.
Corporate social responsibility pyramid in Ethiopia: A mixed study on approaches and practices
International Journal of Business Ecosystem & Strategy (2687-2293)
This paper examines CSR approaches and practices of local firms in Ethiopia, where the state is still a key player in business life. Moreover, it assesses at which stage Ethiopian CSR is. This mixed-method study includes quantitative analysis through SPSS and qualitative content analysis. A revised CSR practices scale has been conducted on owners/managers and employees of 100 local companies in Ethiopia. Besides, the companies' official websites have been thoroughly reviewed using five variables to understand their CSR approaches and practices better. The findings reveal that Ethiopian companies practice CSR though it is at the stage of fragmented CSR and the priorities differ from the global trend. Most respondent companies generally have excellent legal practices and CSR practices toward employees and customers. However, philanthropy, social sustainability, and management of CSR are remarkably at a mediocre level. Content analysis shows similarity with the results of quantitat...
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
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This paper investigates the effect of corporate social responsibility (CSR) on organization performance. It uses cross sectional data from non-financial companies in Egypt that derived from the Kompass Egypt data base. Regression analysis was used to explain the relationship and the effect of CSR on organization financial performance. The findings of this study found that there is a positive and significant effect of CSR on firm performance. Also, all CSR dimensions have significant relationship with firm financial performance. Furthermore, one of the conclusions of this study is that larger and older firms have a positive effect on financial performance (profitability) which will lead to enhance use of better CSR practice.