IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE DEVELOPMENT OF HOST COMMUNITIES - A CASE STUDY OF SOME SELECT CEMENT COMPANIES
Abstract
United Nations Industrial Development Organisations (UNIDO) defined CSR as ‘a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders’. This paper attempts to investigate the impact of corporate social responsibility on the development of the host communities of cement manufacturing companies in Nigeria. The paper restricted its research to the impact of CSR on the community’s human and health services and educational development. A sample of 360 respondents across demography was taken from the population of 2 communities. The study which employed the chi-square method of data analysis to test the hypotheses, determined that CSR has significant influence on the development of human health and services and educational development of the host communities of cement companies in Nigeria. Companies that participates in local community development, such as providing services and infrastructures and assisting projects, builds trusts and increase their profitability
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