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Paper Details

REPUTATIONAL RISK AND IMPACT ASSESSMENT OFCORPORATE SOCIAL RESPONSIBILITY ON PROFITABILITY AND GROWTH OF MANUFACTURING COMPANIES IN NIGERIA

Daferighe, E. E and Adedeji, S. B.

Journal Title:International Journal of Economic Development Research and Investment
Abstract


The rationale for reputational risk management is to help companies put in place strategies to manage their reputation. This paper examines factors affecting corporate concerns about reputation and its impact on profitability and growth of the companies. Eight manufacturing companies whose historical data were available in Nigerian Capital Market for the period 2000- 2006 were purposively selected for the study. The automated SPSS was used to test the simple regression models. However, it was discovered that Corporate Social Responsibility is not appropriate to predict both profitability and growth of Nigerian manufacturing firms though it indicates lack of commitment by companies to activities of social responsibility. It was recommended among others that government should therefore improve on the state of infrastructures to enhance growth of the manufacturing industry which will lead to increased activities of social responsibility.

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