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

Temitayo Alice Onifade, Gbemisola Osaro Oviebo and Olaronke Omowunmi Elufisan
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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

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2022, vol. 23, issue 5, 668-680

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

Keywords: Corporate social responsibilities; financial performance; return on assets; return on equity; profit after tax. (search for similar items in EconPapers)
JEL-codes: F16 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:23:y:2022:i:5:p:668-680

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