Corporate Social Responsibility and Financial Performance of Selected Food and Beverage Firms in Lagos State, Nigeria
Corporate Social Responsibility and Financial Performance of Selected Food and Beverage Firms in Lagos State, Nigeria

Summary/Abstract: The study examined the effect of corporate social responsibility (CSR) on financial performance of food and beverage firms in Lagos state. An ex-post fact research design was adopted for the study. Data were collected through secondary source from the audited annual report of the selected three (3) food and beverage firms within Lagos State, Nigeria. Panel data analysis was used. The results indicated that CSR expenses has a positive significant relationship with return on assets which shows that the P-Value < 0.05, the result also indicated that there is a positive significant relationship between CSR expenses on return on equity which shows that P-Value < 0.05, which indicates that there is a positive significant relationship between CSR expenses on the financial performance of the selected firms, which led to the acceptance of the Study’s alternative hypothesis (H 1) and the rejection of its null hypothesis (H 0 ).

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