CORPORATE SOCIAL RESPONSIBILITY AND SOCIO-ECONOMIC DEVELOPMENT OF DELTA STATE, NIGERIA
DOI:
https://doi.org/10.61841/36ewqq62Keywords:
Corporate Social Responsibility, Socio-economic Development, Standard of Living, Employment and Education Delta State, NigeriaAbstract
The study examines corporate social responsibility and socio-economic development of Delta State. Primary data were used for the study and they were drawn from a population of 142,869 and a sample of 399 respondents. Questionnaire was used as an instrument of data collection. Descriptive statistics was used to analyze the demographic characteristics of the respondents and other descriptive data. Multiple regression analysis was used to establish the effect of the independent variable of the study on the dependent variables. The data analysis for the study was done with the aid of SPSS (Statistical Package for Social Sciences). The findings of the study were that a positive relationship exist between Corporate Social Responsibility and Standard of Living and the relationship is statistically significant (p<0.05) and in line with a priori expectation. A positive relationship exist between Corporate Social Responsibility and Access to Education and the relationship is statistically significant (p<0.05) and in line with a priori expectation. A negative relationship exists between Corporate Social Responsibility and Life Expectancy and the relationship is not statistically significant (p>0.05) and not in line with a priori expectation. A positive relationship exist between Corporate Social Responsibility (CSR) and level of Employment and the relationship is statistically significant (p<0.05) and in line with a priori expectation. It was concluded that business organizations operate in given environment characterized by dynamism, complexity and uncertainty. The level of employment provided by the company in the study area is not very high, hence there is need that management of the company pay a good attention on the impact adequate job provision will have on the lives of the people in the study area.
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