Corporate Social Responsibility and Stock Price Market of Selected Listed Companies in Nigeria
Journal Title: International Journal of Academic Research in Business and Social Sciences - Year 2019, Vol 8, Issue 7
Abstract
This paper examines corporate social responsibility and stock price market of selected listed companies in Nigeria. Specifically, the study investigates the association that subsists between firm social responsibility and stock price market. The data for this study were gathered from secondary source which were from the audited financial records as well as accounts of the listed companies in Nigeria. The study is highly descriptive and empirical as it embraces the use of panel regression technique as tool of analysis. The findings of regression analysis confirm as a whole that firm social responsibility is not correlated to stock price market. It also discovered that corporate social responsibility could not be influenced by stock price market. The paper recommends that those who are saddled with responsibility should draw a line of distinction between factors that affect CSR from stock price market in order to achieve organizational goals and satisfy different stakeholders.
Authors and Affiliations
Festus Oladipupo Olaoye, Oladimeji Emmanuel Oluwadare
Keywords
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- EP ID EP565098
- DOI 10.6007/IJARBSS/v8-i7/4425
- Views 69
- Downloads 0
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