Moderating Role of Corporate Social Responsibility on Green Investments and Sustainable Business Performance of Listed Non-Financial Firms in Nigeria (Published)
This study explored the moderating influence of CSR practices on the association between green investments and sustainable business performance of listed non-financial firms in Nigeria. The study adopted stakeholder theory and cross-sectional survey design with a sample of 542 accountants selected through simple random sampling procedure. A structured questionnaire was employed for data collection after the determination of content validity and reliability of the measurement items through the application of Cronbach alpha. The data were analysed through SmartPLS version 4 for structural equation modelling (SEM). The results showed a positive and significant association between green investments and sustainable business performance of listed non-financial firms in Nigeria; a positive and significant association between green investments and CSR practices of listed non-financial firms in Nigeria; a positive and significant association between CSR practices and sustainable business performance of listed non-financial firms in Nigeria; and the CSR practices positively and significantly moderates the association between green investment and sustainable business performance of listed non-financial firms in Nigeria. From the findings of the study, we concluded that CSR practices positively and significantly moderates the relationship between green investment and sustainable business performance of listed non-financial firms in Nigeria. We recommended amongst others that the government should encourage listed firms on the Nigerian Exchange Group (NGX) to shift towards sustainable business practices which advances the reputation of firms and attract socially conscious investors, reduces their carbon footprint and benefits both firms and the environment in Nigeria.
Keywords: CSR, green investment, stakeholder theory, sustainable business performance
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) ON PROFITABILITY OF FIRMS: A CASE STUDY OF FERTILIZER & CEMENT INDUSTRY IN SOUTHERN PUNJAB, PAKISTAN (Published)
The Corporate Social Responsibility (CSR) is a powerful tool or channel for ensuring greater benefits to the individual organization and enables a better engagement in the society. The study examines how Corporate Social Responsibility (CSR) is contributing to mass access of Fertilizer & Cement Industry in the local and global market. The study used cross section primary data from the level of executives of the corporations. Towards the achievement of its objectives this study uses descriptive statistical tools. The findings of the study revealed that practicing of CSR is playing pivotal role to pick up the brand image and reputation of the Pakistani Fertilizer & Cement Corporations to the customers in the local and global arena. This study focuses on the society that has a lot of sacrifices for the benefits of these organizations, as a result of which the organizations must share the fruits of profit to society in the form CSR.In Pakistan , the major part of society is poor and government is unable to cater with the general problems of the society/population and the business organization have earning huge profits in the same country and in the same society. In our country the contribution of society towards the business organizations is at maximum but the CSR activities in Pakistan are not up to the mark.