Corporate Social Responsibility and Stock Exchange Listed Firms’ Performance in Nigeria

Abstract

This study examined corporate social responsibility and quoted firms’ performance in Nigeria using a sample of twenty (20) quoted firms on the Nigeria Stock Exchange. The study covered a period of seven (7) years (2010 – 2016). The objective of the study was to examine the relationship between corporate social responsibility, firm profitability, firm performance and
firm size. Ordinary Least Square (OLS) regression technique was employed in testing the hypotheses. Based on the analysis, we find that there is no significant relationship between corporate social responsibility, firm performance and firm size. The study also revealed that there is a significant relationship between corporate social responsibility and firm profitability.
The researcher recommends that firms should not just think of size increase rather size should be increased for the right reason, because a unit change in firm size decreases firm decision to engage in corporate social responsibility as observed in this study.