INFLUENCE OF ENVIRONMENTAL ACTIVITIES AS CORPORATE SOCIAL RESPONSIBILITY DIMENSION ON FIRM FINANCIAL PERFORMANCE OF NIGERIAN LISTED FIRMS
Journal Title: Gusau Journal of Accounting and Finance - Year 2021, Vol 2, Issue 1
Abstract
Ever since the beginning of companies’ activity in Nigeria, the value of corporate social responsibility (CSR) has been an important topic in accounting research. Despite extensive studies on CSR activities in Nigeria, studies to investigate the influence of environmental activities on firm financial performance were limited. The data were obtained through content analysis of published company’s annual reports between the year 2014 and 2018. Based market capitalization rate, the study covered the top one hundred companies in Nigeria whose names and shares were quoted in the Nigerian Stock Exchange (NSE). One independent variable (environmental activities) and one dependent variables earning per share (EPS) was chosen and reviewed in this study. Pearson correlation was used to investigate the correlation between environmental activities and firm financial performance. The outcomes of this study revealed that there is a relationship between CSR measures and company’s financial performance. The findings of this research suggest that, corporation should actively engage in an effective CSR practice to facilitate a shift from traditional approach to a more classical and transparent approach where social concern are being taking care of in the financial statement.
Authors and Affiliations
Muhammad Sani Adamu
Keywords
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