Corporate Social Responsibility and Organizational Performance: Evidence from Manufacturing Firms in Oyo State, Nigeria
Publication Date: 06/09/2020
Author(s): Azeez Folashade M., Balogun Adetoun R., Omotoye Oluwatobi O..
Volume/Issue: Volume 3 , Issue 4 (2020)
Abstract:
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.
