Effect of Corporate Social Responsibility on the Financial Performance an Organisation

Abstract

The study examined the effect of corporate social responsibility in the listed oil and gas companies in Nigeria for the period of (2010-2020). The study uses secondary sources of data. E-view version 9 statistical package was use to analysize and test the relationship between the independent variable (corporate Social responsibility proxy by ROA) and dependent variable(financial performance) Findings from the study indicates that there is a positive relationship between the research and development and financial performance proxy by return on asset. Also there is significant relationship between the social responsibility and return on equity. Based on the findings the study recommends that firms should reserve funds from return on equity as corporate social responsibility, firms are also to establish research and development funds for corporate social responsibility purposes since the result is positive.