Social Responsibility Cost And It's Influence On Corporate Performance: A Study Of United Cement Company Of Nigeria PLC (UNICEM) Calabar, Cross River State
ABSTRACT
This study sought to examine the influence of social responsibility cost on
corporate performance. The objectives of the study were to establish the extent
to which waste management, pollution abatement, fines and penalty, and social
costs affect corporate performance, using profitability as the proxy. A survey
research design was used and data collected through questionnaire and analyzed
using the ordinary least square technique. Results of the study showed that waste
management, pollution abatement, fines and penalties and social costs were all
positively related to organizational performance, as measured by return on
capital employed. Arising from these findings, it was recommended that firms
should institute proactive waste management systems and structures that ensure
that the disposals of the harmful by-products in every aspect of their operations
are properly handled. It was also recommended that measures should be in place
by firms to reduce the nuisance of environmental pollution through abatement,
as expenditures made on pollution abatement are normally off-set in the long run
by the firm's enjoyment of a health and sustainable operating environment.
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AKAGHA, F (2021). Social Responsibility Cost And It's Influence On Corporate Performance: A Study Of United Cement Company Of Nigeria PLC (UNICEM) Calabar, Cross River State. Mouau.afribary.org: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/social-responsibility-cost-and-its-influence-on-corporate-performance-a-study-of-united-cement-company-of-nigeria-plc-unicem-calabar-cross-river-state-7-2
FRANCIS, AKAGHA. "Social Responsibility Cost And It's Influence On Corporate Performance: A Study Of United Cement Company Of Nigeria PLC (UNICEM) Calabar, Cross River State" Mouau.afribary.org. Mouau.afribary.org, 10 Jun. 2021, https://repository.mouau.edu.ng/work/view/social-responsibility-cost-and-its-influence-on-corporate-performance-a-study-of-united-cement-company-of-nigeria-plc-unicem-calabar-cross-river-state-7-2. Accessed 25 Nov. 2024.
FRANCIS, AKAGHA. "Social Responsibility Cost And It's Influence On Corporate Performance: A Study Of United Cement Company Of Nigeria PLC (UNICEM) Calabar, Cross River State". Mouau.afribary.org, Mouau.afribary.org, 10 Jun. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/social-responsibility-cost-and-its-influence-on-corporate-performance-a-study-of-united-cement-company-of-nigeria-plc-unicem-calabar-cross-river-state-7-2 >.
FRANCIS, AKAGHA. "Social Responsibility Cost And It's Influence On Corporate Performance: A Study Of United Cement Company Of Nigeria PLC (UNICEM) Calabar, Cross River State" Mouau.afribary.org (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/social-responsibility-cost-and-its-influence-on-corporate-performance-a-study-of-united-cement-company-of-nigeria-plc-unicem-calabar-cross-river-state-7-2