Impact of Corporate Social Responsibility Cost on Investment Policy and Performance of Firms in Nigeria

Abstract

There has been numerous academic research on whether Corporate Social Responsibility (CSR) is financially beneficial to firms, with mixed numerous findings. This study extends into examining the impact of CSR cost on investment policy and performance of selected firms’ in Nigeria. The study is based on some theories such as, the stakeholder theory, the managerial theory, integrative theory, resource-based view and resource dependency theory. Findings revealed that, the sample firms’ social responsibility costs have favourable significance on corporate profitability, while there is no significant relationship between CSR cost and investment policy.

Keywords: Corporate Social Responsibility；Investment Policy； Performance；Nigeria