DONOTION AS A PREDICTOR TO FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA

Abstract

The study investigated donation and financial performance of listed manufacturing companies in Nigeria. The study adopted ex-post facto survey research design. The population for the study is forty-four (44) listed manufacturing companies comprising of consumer goods, healthcare, and industrial goods as listed in the Nigerian Stock exchange 2019, while the sample size is thirty (30) listed manufacturing companies. The instrument of the study is secondary data obtained from the aforementioned company’s financial statements and Nigeria Stock Exchange (NSE) from the period of 2013 – 2017. Pearson product moment correlation coefficient and multiple regression was used to test postulated null hypothesis. The study revealed that there is no significant relationship between corporate social responsibility and financial performance of listed manufacturing companies in Nigeria. The study concluded that donation is key development strategy and practice that should be encourage by corporate organizations in Nigeria. The study recommended that listed manufacturing companies should see employee as assets to the organization, of which there must be returns on investment on them. If they incorporate this philosophy in their strategies it will improve on their return on Assets.