Corporate Social Responsibility: An Aid to Going Concern Concept in Corporate Organizations in Nigeria

Abstract

Corporate Organizations as legal entities are expected to impact their environment in a move to alleviate the various social evils that can threaten the communities where they exist.  Corporate social responsibility is a concept that contributes to the enhancement of social amenities, reduction of unemployment, empowerment of citizenry, caring for economically and socially disadvantaged members of the society.  The purpose of this study is to investigate the impact of corporate social responsibility in the continual existence of corporate organisations in Nigeria.  In the analysis of data 600 questionnaire were administered on various communities and organizations in the south-western Nigeria, South-South Nigeria, Lagos and Abuja in Nigeria.  Data were analyzed using chi-square statistical technique, also annual reports of some sampled organizations spanning 2010-2012 were examined.  The findings show that the attentions to corporate social responsibility are not adequate.  The study recommends that the government should make social responsibility a legal obligation in order to complement government efforts in the development of the communities.

Keywords: Corporate Social Responsibility, Going Concern Concept, Corporate Organizations, Empowerment of Citizenry.