Date of Conferral

1-1-2021

Degree

Ph.D.

School

Management

Advisor

Raghu B Korrapati

Abstract

A recent spate of violations uncovered by international regulators has suggested an emerging social problem that the current corporate social responsibility (CSR) credibility paradigm could be decoupling between theory and practice. This development has left most stakeholders deliberating if CSR in practice is aligned with CSR in theory. This correlational research study empirically tested the CSR theory, positing improved corporate social performance (CSP) and corporate financial performance (CFP); and stakeholder theory, positing quid pro quo correlation between multinational corporations (MNCs) and their stakeholders. The purpose of this study was to identify if there is a positive association between the corporate competitiveness, reputation, and value creation effects of CSR in developing nations, such as Nigeria. Three hundred and eighty-four professionals in Nigeria and the United States who work for private for-profit companies with active CSR programs were surveyed with the CSR Attitudes Questionnaire, measuring attitudes of stakeholders towards CSR. Results showed substantial agreement among Nigerian and U.S. study participants that CSR improved CSP and CFP by facilitating social value creation. The implications of the findings are supportive of both CSR business development goals and strategy. Research using the same survey instrument with a broader sample population in Nigeria to include mainly stakeholders indigenous to the host communities is recommended to gain greater credibility. Producing more knowledge as to how and where CSR policies can work to create positive social change could be the ultimate value that this study's scope has the potential to provide.

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