Global Journal of Management and Business Research, A: Administration and Management, Volume 23 Issue 5

0.27 increase in ROA. This finding is by, following, per, under the theoretical expectation that an increase in CSR on employee relations would lead to an increase in financial performance. The implication of this finding is that increase in CSR to employee (complying with health and safety standards and regulations, providing information on education/training of employees on health and safety, providing information on accident statistics, providing low cost health care to employees, employees training/giving financial assistance to employees in educational institutions or continuing education courses, providing recreational activities /facilities, providing staff accommodation/staff home ownership schemes, food, fuel, other benefits, information about support for day-care, maternity and paternity leave, holidays and vacations, disclosing policy for company’s remuneration package/schemes, providing information of employees share purchase scheme, providing information on number of employees in the company/branch/subsidiary, providing information on qualifications and experience of employees recruited, providing information on the stability of the workers’ job and company’s future, reporting on company’s relation- ship with trade unions/workers and providing information on recruitment/employment of minorities /women/special interest groups) would result to an increase in financial performance. VI. C onclusion The results of the study are determined by the validity of information collected via the CSR checklist and by extraction from annual reports and accounts of listed consumer goods companies in Nigeria. Research of this nature with increased sample size and or covering more years should be conducted on listed consumer goods companies in Nigeria. Moreover, there are other dimensions of CSR, including the latest one (COVID-19) that warrant their effects on financial performance to be researched.The paper recommends that listed consumer goods companies should do more on corporate social responsibility on employees to improve workers’ motivation and corporate reputation and image that can potentially improve financial performance. R eferences R éférences R eferencias 1. Agboifor, T. (2018). Strategic orientation of FMCG companies in Africa, Marketing Review Journal, 2 (1), 19-37. 2. Aggarwal, P. (2013). Impact of Sustainability Performance of company on its financial performance: A study of listed Indian companies. Global Journal of Management and Business Research Finance , 13 (11), 60-70. 3. Akintoye, I. R. (2012). The Relevance of Human Resource Accounting to Effective Financial Reporting. Int. J. Buss. Mgt. Eco. Res ., 3 (4), 566- 572. 4. Albahussain, S. A. (2015). A suggested Conceptual Agenda for Market Orientation and Corporate Social Responsibility towards the Business Performance of Saudi Industrial Organizations. International Business and Management , 2 (2), 16-30. 5. Aluko, N. (2018). Nigerian Industrial and Consumer Goods: Overview and Opportunities@ Industrial And Consumer Goods in Nigeria: Overview & Opportu- nities (kpakpakpa.com ) 6. Baum, J.R. and Locke, E.A.(2004). The Relationship of the Entrepreneurial Traits, Skill, and Motivation to subsequent venture Growth. Journal of Applied Psychology, 89 (4), 587-598. 7. Baum, J. R, Locke, E.A. & Smith, K. G. (2001).A multidimensional model of venture growth. Academy of Management Journal, 44 (2), 292-303. 8. Boaventura, J. M. G., Da Silva, R. S. & De-Mello, R. B. (2012). Corporate Financial Performance and Corporate Social Performance: Methodological Development and the Theoretical Contribution of Empirical Studies. R. Cont. Fin.-USP, Sao Paulo , 23 (60), 232-245. 9. Boztosun, D. &Aksoylu, S. (2015). Relationships of Corporate Social Responsibility With Perceived Financial Performance of Businesses: A Study. China-USA Business Review, 14 (11), 557-565. 10. Carroll, A. B & Shabana, K. M. (2010). The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice. International Journal of Management Reviews, 85- 105. 11. Donthu N. & Gustafsson, A. (2020). Effects of COVID-19 on business and research. Journal of Business Research, 117, 284-289. 12. Doutimiareye, N. (2022). Corporate Social Responsibility and Financial Performance of Listed Consumer Goods Firms in Nigeria. Journal of Accounting, Marketing and Management Research, 9 (2), 60-84. 13. Enahoro, J. A., Akinyomi O. J. & Olutoye, A. E. (2013). Corporate Social Responsibility and Financial Performance: Evidence from Nigerian Manufacturing Sector. Asian Journal of Management Research , 4 (1), 153-162. Eviews 10 14. Exclude outliers from series@forums.eviews.com. 15. FAO (2018).The state of food security and nutrition in the world. Food and Agriculture Organization of the united nation. www.fao.org/state-of-food- security-nutrition www.fao.org › state-of-food- security-nutrition › 2018 › en Effect of Employee Dimension of Corporate Social Responsibility on Financial Performance of Listed Consumer Goods Companies in Nigeria 9 Global Journal of Management and Business Research Volume XXIII Issue V Version I Year 2023 ( ) A © 2023 Global Journals