DETERMINANTS OF EXPENDITURE ON CORPORATE SOCIAL RESPONSIBILITY BY QUOTED FIRMS IN NIGERIA

Joseph Oluseye Mokuolu, Patrick Olajide Oladele

Abstract


The study assesses the determinants of corporate social responsibility (CSR) expenditure among 16 quoted firms in Nigeria. Panel data analysis is adopted and variables such as return on asset, total asset, leverage, competition, legal environment and inflation rate are used as the independent variables while CSR expenditure is the dependent variable. The results show that all the identified determinants except inflation rate, exert positive impact on CSR of firms in Nigeria. In addition, only total asset reflects significant impact indicating that an increase in total asset has the capacity to significantly spur CSR spending of firms in Nigeria. The general implication is that size of firms is very germane to their being socially responsible.

 

Article visualizations:

Hit counter

DOI

Keywords


corporate social responsibility, total asset, determinants

Full Text:

PDF

References


Adeyanju, O. D. (2012). An assessment of the impact of corporate social responsibility on Nigerian society: The examples of banking and communications industries. Universal Journal of Marketing and Business Research, 1, 17-43. Retrieved from http://www.universalresearchjournals.org/ujmbr

Azad, A., Zahir, R., & Hossain, Z. (2010). Assessment of CSR Performance in some selected commercial Banks in Bangladesh. Arabian Journal of Business and Management Review. 3,(12), 221-244

Babalola, Y. A. (2012). The Impact of Corporate Social Responsibility on Firms’ Profitability in Nigeria. European Journal of Economics, Finance and Administrative Sciences, 45, 39-50.

Barclift, Z. J. (2012). Corporate Social Responsibility and Financial Institutions: Beyond Dodd-Frank. Banking & Financial Services Policy Report. 31(1), 172-188.

Carmen-Pilar, M. B., Marti, M., Rosa, R. V., & Lisa, G. J. D. (2013). Corporate Social Responsibility and Environmental Management. 2013, Page n/a DOI: 10.1002/csr.1347

Cornett, M. M., Erhemjamts, O., & Tehranian, H. (2013). Greed or Good Deeds: An Examination of the Relation between Corporate Social Responsibility and the Financial Performance of U.S. Commercial Banks around the Financial Crisis (March 2015). Available at SSRN http://ssrn.com/abstract=2333878 or http://dx.doi.org/10.2139/ssrn.2333878

Drumwright, M. E. (1996). Company advertising with a social dimension: The role of non-academic criteria. Journal of Marketing, 60(4), 71-86.

Giannarakis, G., & Theotokas, I. (2011). The Effect of Financial Crisis in Corporate Social Responsibility Performance. International Journal of Marketing Studies, 3(1), 2-10.

Hsiang-Lin, C., Hsiang-Hsuan, C. & Tzu-Yin, C. (2010). On the Determinants of Corporate Social Responsibility: International Evidence on the Financial Industry. Journal of Business Ethics. 93, 115-135.

Kashyap, R., Mir, R., & Iyer, E. (2006). Toward a responsive pedagogy: Linking social responsibility to firm performance issues in the classroom. Academy of Management Learning Education, 5(3), 366-376.

Marcia M. C., Otgontsetseg, E., & Hassan T. (2013). Corporate Social Responsibility and its Impact on Financial Performance: Investigation of U.S. Commercial Banks. Unpublished research paper, Department of Finance, Bentley University, Waltham, US.

Nolan, Norton & Co. (2009). How Corporate Social Responsibility Leads to Value Creation in Times of Economic Downturn. Retrieved November 11, 2009 from http://www.nolannorton.com/files/brochures




DOI: http://dx.doi.org/10.46827/ejmms.v0i0.363

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Joseph Oluseye Mokuolu, Patrick Olajide Oladele

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

The research works published in this journal are free to be accessed. They can be shared (copied and redistributed in any medium or format) and\or adapted (remixed, transformed, and built upon the material for any purpose, commercially and\or not commercially) under the following terms: attribution (appropriate credit must be given indicating original authors, research work name and publication name mentioning if changes were made) and without adding additional restrictions (without restricting others from doing anything the actual license permits). Authors retain the full copyright of their published research works and cannot revoke these freedoms as long as the license terms are followed.

Copyright © 2017-2023. European Journal of Management and Marketing Studies (ISSN 2501 - 9988) is a registered trademark of Open Access Publishing Group. All rights reserved.

This journal is a serial publication uniquely identified by an International Standard Serial Number (ISSN) serial number certificate issued by Romanian National Library. All the research works are uniquely identified by a CrossRef DOI digital object identifier supplied by indexing and repository platforms. All the research works published on this journal are meeting the Open Access Publishing requirements and standards formulated by Budapest Open Access Initiative (2002), the Bethesda Statement on Open Access Publishing (2003) and  Berlin Declaration on Open Access to Knowledge in the Sciences and Humanities (2003) and can be freely accessed, shared, modified, distributed and used in educational, commercial and non-commercial purposes under a Creative Commons Attribution 4.0 International License. Copyrights of the published research works are retained by authors.