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This study examined the impact of corporate social responsibility on the value of firms in Nigeria. The study used a descriptive survey and time series research design on
manufacturing firm in Nigeria with secondary data on the following variables; Firm Value (dependent), Community service, Donations and Employment policies (Independent) and profit after tax which is the control variable. Guiness Plc was used as a case study and data of (2013 – 2022) 10 years for the variables were gotten from its annual financial report as submitted to the Nigeria Exchange Group (NGX). Correlation and Panel Least Squares (PLS) regression technique was used to analyze the data with the aid of E-views 10. Correlation, showing how strong the connection that exist between the variables are and regression showing the extent of the impact of each independent variable on the dependent variable (firm value). The findings of the study show that there is a negative and significant impact of corporate community involvement on firm value. Findings of the study also show that there is a negative but insignificant effect of firms' donation on the value of firms in Nigeria likewise employment policies which was found to have a positive but insignificant impact on firm value. The study therefore recommends amongst others that quoted manufacturing firms should enhance their operational activities as this would enable them attain a high level of
revenue and assets which could enhance their firm value in return. Also, employment policies should be reviewed periodically and given more attention as this would enhance the value of quoted manufacturing companies.
manufacturing firm in Nigeria with secondary data on the following variables; Firm Value (dependent), Community service, Donations and Employment policies (Independent) and profit after tax which is the control variable. Guiness Plc was used as a case study and data of (2013 – 2022) 10 years for the variables were gotten from its annual financial report as submitted to the Nigeria Exchange Group (NGX). Correlation and Panel Least Squares (PLS) regression technique was used to analyze the data with the aid of E-views 10. Correlation, showing how strong the connection that exist between the variables are and regression showing the extent of the impact of each independent variable on the dependent variable (firm value). The findings of the study show that there is a negative and significant impact of corporate community involvement on firm value. Findings of the study also show that there is a negative but insignificant effect of firms' donation on the value of firms in Nigeria likewise employment policies which was found to have a positive but insignificant impact on firm value. The study therefore recommends amongst others that quoted manufacturing firms should enhance their operational activities as this would enable them attain a high level of
revenue and assets which could enhance their firm value in return. Also, employment policies should be reviewed periodically and given more attention as this would enhance the value of quoted manufacturing companies.
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