EXTENT OF IMPLEMENTATION OF CORPORATE SOCIAL RESPONSIBILITIES BY SELECTED BUSINESS ORGANIZATIONS IN ANAMBRA STATE
Abstract
Businesses are expected to provide value not only to the corporate shareholders but also to the non-corporate shareholders and the society at large. These values are regarded as corporate social responsibilities. The study determined the extent of implementation of corporate social responsibilities by selected business organizations in Anambra State. Two research questions and two null hypotheses guided the study. Descriptive survey research design was adopted. The population for this study consisted of 158 managers and 3450 employees of selected organizations (banks, pharmaceutical companies, and 311 telecommunication companies). A sample size of 471 was selected. A structured questionnaire, validated by three experts was used for data collection. Cronbach alpha was used to measure the internal consistency which yielded an overall reliability coefficient of 0.79. Mean and standard deviation were used to answer the research questions and a t-test was used for testing the null hypotheses at 0.05 level of significance. The study revealed that business organizations implement environmental corporate social responsibilities at a low extent and implement philanthropic corporate social responsibilities at a high extent in Anambra State. Further, managers and employees do not significantly differ in their opinion on the extent business organizations implement philanthropic and environmental corporate social responsibilities in Anambra State. It was recommended that Business Organizations in Anambra State should intensify efforts to incorporate more vibrant forms of environmental corporate social responsibilities such as planting trees in strategic places, using alternative sources of fuel that are less pollutant, and promoting the use of recycled materials in the state.
Keywords. Corporate social responsibilities, environmental corporate social responsibilities,philanthropiccorporate social responsibilities.
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