EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON THE PROFITABILITY OF LISTED CONSUMER GOODS COMPANIES IN NIGERIA

The paper investigated the effect of corporate social responsibility on the profitability of selected consumer goods companies listed on the Nigeria Exchange Group. The paper is motivated by the cost effect of corporate social responsibility on the profitability of companies. The objective of this study is to determine how the effect of corporate social responsibility affects profit after tax of listed consumer goods companies in Nigeria. The data were sourced secondarily from the listed consumer goods companies' financial statements for the period after (10) years from 2013 to 2022. The ex-post facto research design was adopted. The data collected for this study were analyzed using the ordinary least square method of regression. The population of the study was 20 and sample size is 10. The hypotheses formulated were tested and the results of the regression analysis revealed that corporate social responsibility significantly affects the return on assets of listed consumer goods companies in Nigeria. The study concluded that corporate social responsibility should be viewed as an integral part of the organization's strategic decision making that aligns with the mission and vision.