EMPLOYEE BENEFIT AND NET PROFIT MARGIN OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Abstract

The concept of corporate social responsibility (CSR) was developed in the Western world since the 1950s, yet there is a dearth of current literature in developing countries. Various CSR principles, standards, frameworks and indices have grown significantly as researchers strive to expand the concept in business and academic worlds. The practice of the concept and its behaviour is similar in both the developed and developing worlds. However, there are significant differences between the two worlds in implementing CSR activities. Researchers have identified these differences of culture, management perspectives, geographical and natural business systems and concluded that existing CSR in the developed world cannot be employed in developing countries. Therefore, researchers are now turning their attention to investigating CSR from the point of view of developing countries.