DETERMINANTS OF EXPENDITURE ON CORPORATE SOCIAL RESPONSIBILITY BY QUOTED FIRMS IN NIGERIA
Клучни зборови:
corporate social responsibility, total asset, determinantsАпстракт
The study assesses the determinants of corporate social responsibility (CSR) expenditure among 16 quoted firms in Nigeria. Panel data analysis is adopted and variables such as return on asset, total asset, leverage, competition, legal environment and inflation rate are used as the independent variables while CSR expenditure is the dependent variable. The results show that all the identified determinants except inflation rate, exert positive impact on CSR of firms in Nigeria. In addition, only total asset reflects significant impact indicating that an increase in total asset has the capacity to significantly spur CSR spending of firms in Nigeria. The general implication is that size of firms is very germane to their being socially responsible.
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