Corporate Citizenship and Firm Social Performance in Nigeria

Abstract

The purpose of this study is to examine the effect of corporate citizenship (ownership structure) on the social performance of the listed companies in Nigeria. This study adopted the ex-post facto research design. Data of this study were collected from secondary sources of data. The population of this study comprises 169 listed companies on the Nigerian stock exchange as of 31st December 2018. From all the one hundred and sixty-nine (169) listed companies listed on the Nigerian Stock Exchange, a sample of thirty (33) firms were selected from all the sectors in the NSE purposively, covering the period of 2012-2018. A predictive model such as indigenous ownership and foreign ownership was used to know the influence of corporate citizenship on firm social performance. Data collected were analysed using regression analysis techniques. The finding showed that there exists a negative but insignificant relationship between indigenous ownership and firm social performance. Further findings revealed that foreign ownership has a positive relationship with Firm Social Performance but it is insignificant. This study concluded that there is an insignificant relationship between corporate citizenship (ownership structure) and firm social performance in Nigeria. This study, therefore, recommended that firms should focus on their social responsibility as this will be more beneficial to their stakeholders which in return will promote the activities of the firm rather than the owners of the organisation as their impact is not felt on social performance.