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Corporate Social Responsibility and Financial Performance of Selected Food and Beverage Firms in Lagos State, Nigeria

Author

Listed:
  • Temitayo Alice ONIFADE

    (Bells University of Technology, Ota, Nigeria)

  • Gbemisola Osaro OVIEBO

    (Bells University of Technology, Ota, Nigeria)

  • Olaronke Omowunmi ELUFISAN

    (Bells University of Technology, Ota, Nigeria)

Abstract

The study examined the effect of corporate social responsibility (CSR) on financial performance of food and beverage firms in Lagos state. An ex-post facto research design was adopted for the study. Data were collected through secondary source from the audited annual report of the selected three (3) food and beverage firms within Lagos State, Nigeria. Panel data analysis was used. The results indicated that CSR expenses has a positive significant relationship with return on assets which shows that the P-Value

Suggested Citation

  • Temitayo Alice ONIFADE & Gbemisola Osaro OVIEBO & Olaronke Omowunmi ELUFISAN, 2022. "Corporate Social Responsibility and Financial Performance of Selected Food and Beverage Firms in Lagos State, Nigeria," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(5), pages 668-680, December.
    • Handle: RePEc:rom:rmcimn:v:23:y:2022:i:5:p:668-680
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    Keywords

    Corporate social responsibilities; financial performance; return on assets; return on equity; profit after tax.;
    All these keywords.

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions

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