ABSTRACT
The
studyfocused on the effects ofCorporate Social Responsibility on shareholders
net wbrth. The objective ofthe study is to examine the effect ofCorporate
SocialResponsibility bn shareholders net worth in Conoil Pic. To achieve the
objective ofthis study ex post facto research design was adopted and time
series data was collected .The researcher adopted secondary data in getting the
required information. The researcher made use of published annual reports
extracted from Conoil Pic official website from 2008-2018, which is period of11
years. In testing the hypothesis, Ordinary least square (OLS) simple regression
analysis was used. Thefindings revealed that Corporate Social Responsibility
has no significant effect on the return on equity of Conoil Pic in Nigeria.
Equally the findings also show that Corporate Social Responsibility has a
significant effect on Earnings per share of Conoil Pic in Nigeria. And finally
the findings revealed that Corporate Social Responsibility has a significant
effect on the net assets of Conoil Pic in Nigeria. The study took to reveal the
effect ofCorporate Social Responsibility on the net worth ofshareholders
ofConoil Pic in Nigeria. It is believed that it wouldhelp throw more light on
the problems faced by companies with respect to promoting its social
responsibility since it involves expenditure of the firm's financial resources.
The researcher recommends that company’s management should adopt good programs
and scheme that helps to perform its social responsibility to the community,
such as provision ofsocial amenities needed by the communitiesfor example,
health Centre, and pipe - borne water etc. We suggest that investors should not
be scared to invest its resource in the firms due to social responsibility
costs as it has been proven to have a significant and positive effect on
thefirm and their net worth. The Studyfurtherrecommends thatpotential investors
shouldpartner withfirms that are socially responsible and it encourages buyers
within and outside its environs which leads to optimum increase in thefirm’s
profitability.
UBANI, O (2024). Effect Of Corporate Social Responsibility On Shareholders Net Worth (A Study Of Conoil Plc):- Ubani Perpetual O. Repository.mouau.edu.ng: Retrieved Sep 07, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-shareholders-net-worth-a-study-of-conoil-plc-ubani-perpetual-o-7-2
ODINAKACHI, UBANI. "Effect Of Corporate Social Responsibility On Shareholders Net Worth (A Study Of Conoil Plc):- Ubani Perpetual O" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-shareholders-net-worth-a-study-of-conoil-plc-ubani-perpetual-o-7-2. Accessed 07 Sep. 2024.
ODINAKACHI, UBANI. "Effect Of Corporate Social Responsibility On Shareholders Net Worth (A Study Of Conoil Plc):- Ubani Perpetual O". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Jul. 2024. Web. 07 Sep. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-shareholders-net-worth-a-study-of-conoil-plc-ubani-perpetual-o-7-2 >.
ODINAKACHI, UBANI. "Effect Of Corporate Social Responsibility On Shareholders Net Worth (A Study Of Conoil Plc):- Ubani Perpetual O" Repository.mouau.edu.ng (2024). Accessed 07 Sep. 2024. https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-shareholders-net-worth-a-study-of-conoil-plc-ubani-perpetual-o-7-2