An Assessment Of The Impact Of Wealth Maximization Goal Of Business On Corporate Social Responsibility In Nigeria

📄 Project Abstract

The project is an exposition towards determining the impact of business goal on the exercise of business' social responsibility. The research was conducted by the analysis of field data collected through questionnaires, interviews, personal observation and by a critical review of related literatures. Data were collected from at least two businesses in three sectors across the Nigerian economy covering the range of year 2005-2007, data presentation and interpretation is by simple tables and percentages and hypotheses was tested using Chi-Square statistical technique at 95% level of significance. The study established that over 70% of businesses that engage in social responsibility do that in pursuance of business' wealth maximization. In other words, business' practice of social responsibility is a product of the wealth maximization goal. The study therefore, concludes that wealth maximization goal of business is in accord with corporate social responsibility. Hence, it is recommended t...