AN ASSESSMENT OF THE IMPACT OF WEALTH MAXIMIZATION GOAL OF BUSINESS ON CORPORATE SOCIAL RESPONSIBILITY IN NIGERIA
AN ASSESSMENT OF THE IMPACT OF WEALTH MAXIMIZATION GOAL OF BUSINESS ON CORPORATE SOCIAL RESPONSIBILITY IN NIGERIA
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Date
2008-06
Authors
ABOLAJI, Ola Timothy
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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 that business willful of maximizing its
wealth should dedicate adequate/commensurate amount of attention and
resources to social responsibility
Description
BEING A PROJECT SUBMITTED TO THE POSTGRADUATE SCHOOL OF
AHMADU BELLO UNIVERSITY, ZARIA IN PARTIAL FULFILLMENT OF
THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER
OF BUSINESS ADMINISTRATION (MBA)
DEPARTMENT OF BUSINESS ADMINISTRATION
FACULTY OF ADMINISTRATION
AHMADU BELLO UNIVERSITY
July, 2008
Keywords
ASSESSMENT,, IMPACT,, WEALTH,, MAXIMIZATION,, BUSINESS,, CORPORATE SOCIAL,, RESPONSIBILITY,, NIGERIA