Reputational Risk And Impact Assessment Of Corporate Social Responsibility On Profitability And Growth Of Manufacturing Companies In Nigeria

Authors

  • E. E. Daferighe Department of Accounting University of Uyo, Uyo, Akwa Ibom State, Nigeria
  • S. B. Adedeji Department of Accounting, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria

Keywords:

Profitability, Growth, Reputational risk, Selfregulation, Sustainability, Corporate Social Responsibility, Corporate Reputation

Abstract

The rationale for reputational risk management is to help
companies put in place strategies to manage their reputation. This
paper examines factors affecting corporate concerns about
reputation and its impact on profitability and growth of the
companies. Eight manufacturing companies whose historical data
were available in Nigerian Capital Market for the period 2000-
2006 were purposively selected for the study. The automated SPSS
was used to test the simple regression models. However, it was
discovered that Corporate Social Responsibility is not appropriate
to predict both profitability and growth of Nigerian manufacturing
firms though it indicates lack of commitment by companies to
activities of social responsibility. It was recommended among others
that government should therefore improve on the state of
infrastructures to enhance growth of the manufacturing industry
which will lead to increased activities of social responsibility.

Downloads

Published

2010-04-01

How to Cite

Daferighe, E. E., & Adedeji, S. B. (2010). Reputational Risk And Impact Assessment Of Corporate Social Responsibility On Profitability And Growth Of Manufacturing Companies In Nigeria. International Journal of Economic Development Research and Investment (IJEDRI), 1(1), 1–24. Retrieved from http://icidr.org.ng/index.php/Ijedri/article/view/725

Issue

Vol. 1 No. 1 (2010)

Section

Articles