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.