IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 7 NO. 3 2021

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Stakeholders Opacity of Corporate Social Responsibility (CSR) and Triple Bottom Line of Firms in Nigeria

Obiora Fabian. PhD & Akwuobi Bridget

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Abstract

This study empirically investigated the shareholders opacity of corporate social responsibility and triple bottom line of firms’ in Nigeria. In order to determine the relationship between corporate social responsibilities (CSR) and triple bottom line (TBL), CSR was proxy using corporate donations and charity (CDC) while triple bottom line on the other hand was proxy by firms’ profitability. Hypothesis formulated to guide the investigation and the statistical test of parameter estimates was tested using OLS regression model operated with STATA 15. Ex Post Facto design was adopted and data for the study were obtained from the Nigerian Stock Exchange Factbook and the published annual financial reports of the entire ICT firms quoted on Nigerian Exchange Limited (NEL) with data spanning from 2016-2020. The finding generally indicates that corporate donations and charity have exerted significant influence on firms’ profitability at 1% significant level. Based on this, the study concludes that corporate social responsibility has significant influence on firms’ triple bottom line over the years. The study however suggests that corporate organizations should engage more on social responsibilities (charities and donations) since these responsibilities determine the corporate performance.

keywords:

Corporate Social Responsibility, Triple Bottom Line, Shareholders Opacity

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