%0 Journal Article %1 noauthororeditor %A Obiora Fabian. | Onuora, J. K. J. | Egwuom Mary Jane. I %D 2022 %J INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT %K & Decent Disclosure, Firms Human Labour Performance Practice Practice, Product Responsibility Rights Social Societal Sustainability Work corporatesocialresponsibility(CSR) %N 3 %P 197-206 %T Corporate Social Sustainability Practice and Financial Performance of Consumer Goods Firms in Nigeria %U https://www.ijtsrd.com/management/accounting-and-finance/49501/corporate-social-sustainability-practice-and-financial-performance-of-consumer-goods-firms-in-nigeria/obiora-fabian %V 6 %X Background Sustainability practice deals with the measurement, analysis and communication of interactions and links between social, environmental and economic issues constituting the three dimensions of sustainabilityAim This study empirically investigated the relationship between corporate social sustainability practice and financial performance of listed consumer goods firms’ in Nigeria. The study is vital as it portrays the extent to which corporate social sustainability practice influences firms’ performance. In order to determine the relationship between corporate social sustainability practice CSSP and firms’ performance, corporate social sustainability disclosure index by GRI was used while firms’ performance on the other hand was represented by return on equity ROE . Materials and Methods Four hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using OLS regression model operated with STATA 15. Ex Post Facto design was adopted and data for the study were obtained from the Nigerian Stock Exchange Factbook and the published annual financial reports of the entire listed consumer goods firms on NSE with data spanning from 2016 2021. Results The finding generally indicates that human rights disclosure, labour practices and decent work disclosure, product responsibility disclosure and societal disclosure have significant influence on firms’ performance ROE at 1 5 significant level. Conclusion Based on the findings of the study, the study concludes that corporate social sustainability practice has positively improved firms performance over the years. Recommendation The study however suggests that firms should disclose more of this information in their annual reports in order to legitimize their operations by making public known about her commitment of business to contribute to sustainable economic development, working with employees, their families and the local communities as this disclosure is relevant for investors decision making. Obiora Fabian. | Onuora, J. K. J. | Egwuom Mary Jane. I "Corporate Social Sustainability Practice and Financial Performance of Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-3 , April 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49501.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49501/corporate-social-sustainability-practice-and-financial-performance-of-consumer-goods-firms-in-nigeria/obiora-fabian

@article{noauthororeditor, abstract = {Background Sustainability practice deals with the measurement, analysis and communication of interactions and links between social, environmental and economic issues constituting the three dimensions of sustainabilityAim This study empirically investigated the relationship between corporate social sustainability practice and financial performance of listed consumer goods firms’ in Nigeria. The study is vital as it portrays the extent to which corporate social sustainability practice influences firms’ performance. In order to determine the relationship between corporate social sustainability practice CSSP and firms’ performance, corporate social sustainability disclosure index by GRI was used while firms’ performance on the other hand was represented by return on equity ROE . Materials and Methods Four hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using OLS regression model operated with STATA 15. Ex Post Facto design was adopted and data for the study were obtained from the Nigerian Stock Exchange Factbook and the published annual financial reports of the entire listed consumer goods firms on NSE with data spanning from 2016 2021. Results The finding generally indicates that human rights disclosure, labour practices and decent work disclosure, product responsibility disclosure and societal disclosure have significant influence on firms’ performance ROE at 1 5 significant level. Conclusion Based on the findings of the study, the study concludes that corporate social sustainability practice has positively improved firms performance over the years. Recommendation The study however suggests that firms should disclose more of this information in their annual reports in order to legitimize their operations by making public known about her commitment of business to contribute to sustainable economic development, working with employees, their families and the local communities as this disclosure is relevant for investors decision making. Obiora Fabian. | Onuora, J. K. J. | Egwuom Mary Jane. I "Corporate Social Sustainability Practice and Financial Performance of Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-3 , April 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49501.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49501/corporate-social-sustainability-practice-and-financial-performance-of-consumer-goods-firms-in-nigeria/obiora-fabian }, added-at = {2022-07-25T13:49:22.000+0200}, author = {Obiora Fabian. | Onuora, J. K. J. | Egwuom Mary Jane. I}, biburl = {https://www.bibsonomy.org/bibtex/24fd5a4d3c53f9f038c46f6e19f557651/ijtsrd}, interhash = {410ad45603ecedf39ea4efe5b783cc17}, intrahash = {4fd5a4d3c53f9f038c46f6e19f557651}, issn = {2456-6470}, journal = {INTERNATIONAL JOURNAL OF TREND IN SCIENTIFIC RESEARCH AND DEVELOPMENT}, keywords = {& Decent Disclosure, Firms Human Labour Performance Practice Practice, Product Responsibility Rights Social Societal Sustainability Work corporatesocialresponsibility(CSR)}, language = {english}, month = {march}, number = 3, pages = {197-206}, timestamp = {2022-07-25T13:49:22.000+0200}, title = {Corporate Social Sustainability Practice and Financial Performance of Consumer Goods Firms in Nigeria }, url = {https://www.ijtsrd.com/management/accounting-and-finance/49501/corporate-social-sustainability-practice-and-financial-performance-of-consumer-goods-firms-in-nigeria/obiora-fabian}, volume = 6, year = 2022 }