Strategic managers are consistently faced with the decision of how to allocate scarce corporate resources in an environment where they are pressured. This paper attempts to demonstrate empirically the impact of corporate social responsibility on firms financial performance. The paper adopted a pooled panel survey research design method. Annual reports of twenty nine (29) sample firms from 2005 to 2010 formed the source of data collection where CSR (donations), earnings per share (EPS), size, tang, and leverage for 174 observations were used for the computational experiment. The data collected for this study were analyzed using the panel data regression analysis. The result indicated that corporate social responsibility (CSR) has little impact on the sample firms' EPS. The study concluded that the performance of EPS is higher than the independent variables (CSR, Lev, size, and tang) from the analysis result because lower coefficient of variation infers higher performance, consistency and efficiency of result. The paper recommends amongst others that corporate organizations should be involved in SR by spending reasonable amount of their revenues on social responsibility as this will in turn lead to increase in earnings as defined by the triple-bottom-line reporting.

This study examines the impact of micro financing on life in the rural areas using Edo North and Central Regions of Nigeria as a case study. The objective of the study is to examine the impact of micro financing on poverty alleviation, unemployment, living standards and small and medium enterprises growth. A structured questionnaire was used to collect data and the collected data were analyzed using the maximum likelihood estimation (MLE) technique of the ordered logistic regression. The results of the analysis show that micro financing in the region has a significant positive effect on poverty alleviation; and small medium enterprises growth; a negative and significant effect on unemployment and a negative but insignificant effect on poor living standards. The study recommends that: governments should continue to encourage micro financing institutions through more tax incentives so that their capacity to reduce poverty and able to contribute meaningfully to the achievement of the Sustainable Development Goals (SDGs) of reducing poverty can be enhanced; to foster employment generation by small and medium enterprises, governments should look for ways to encourage SMEs by channeling more financial assistance through microfinancing institutions to them with more liberal terms; governments and financing institutions should mainstream on providing more technical assistance to SMEs to enhance their ability to better living standards; to boost growth among SMEs, the firms should also look closely at financing growth through internal sources such as retained earnings.

No abstract

No abstract

No abstract