CORPORATE SOCIAL RESPONSIBILITY AND THE PERFOR:NIANCE OF SMAll AND MEDIUM SCALE ENTERPRISES (SMES) IN LAGOS STATE.NIGERIA.

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Date
2009
Authors
Oghojafor, B. E. A.
Kuye, O.L.
Sulaimon, A. A.
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Journal ISSN
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Abstract
Corporate Social Responsibility (CSR) has become the rhetoric of every Business,'it Enterprises, without exceptions to 'Small and Medium Scale Enterprises (SME). This study,~; examines the relationship between Corporate Social Responsibility and Organisational ::ltt,': Performance of SMEs in Lagos State, Nigeria. Data were generated by means of '~ questionnaires to 261 operators of SMEs on CSR and Performance Variables. Responses ,(~: from the survey Were statistically analysed using descriptive statistics, Pearson productt moment correlati~'n, Z test, F-Test and multiple regression. Results show a statistical ',~ significant relatio ship among variables. Specifically, it indicates that CSR is relevant and,'~ practiced by parti ipating SMEs in Lagos State, particularly in business ethics, consumerJ affairs, and environmental affairs; consistent with recent survey in Europe where research on /: SMEs found that tfey tend to be active in CSR. The findings also revealed low involvement' 'f:': ofpa~icipating firms in employee affai~s and. comml,mit~ affairs. T?e study also .showed that:1 organisational perfprmance of SMEs 1S satisfactory with exception of financial strengt~~,\ profitability and pe~ormance stability which was .below the mini~um thre~hold, although di,d:~ not preclude a comr~etely low performance. The importance of this study include the need to·~ encourage SMEs t invest more in CSR, particularly on employee and the community within ~ which ~he~ operate1 Finally, conclus~on> recommendations and suggestion for further studiesI were highlighted to demonstrate the Importance of the study.
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Keywords
Corporate social responsibility, , Small and medium scale enterprises , Performance
Citation
Oghojafor, B. E. A., Kuye, O.L. & Sulaimon, A. A. (2009), CORPORATE SOCIAL RESPONSIBILITY AND THE PERFOR:NIANCE OF SMAll AND MEDIUM SCALE ENTERPRISES (SMES) IN LAGOS STATE.NIGERIA.. AFRICAN JOURNAL OF CONTEMPORARY ISSUES, vol.9 (3).