The Effect of Social Responsibility Accounting on Profitability: A Study of Nigerian Breweries Plc
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Background of the Study
Social Responsibility Accounting (SRA) refers to the integration of social responsibility factors into the accounting practices of a company, reflecting the impact of its operations on the community, environment, and other stakeholders. SRA aims to enhance transparency, improve stakeholder relations, and promote ethical business practices, which can, in turn, affect profitability (Olawale & Adebisi, 2024).
Nigerian Breweries Plc, a subsidiary of Heineken International, is a leader in the Nigerian beverage industry and has engaged in numerous social responsibility initiatives. These initiatives include programs aimed at improving community health, environmental sustainability, and education. The company also implements social responsibility accounting practices to account for the financial implications of these activities. Given the importance of social responsibility in today’s business environment, this study investigates how SRA influences the profitability of Nigerian Breweries Plc, focusing on the financial outcomes of their social initiatives (Ogunleye & Adewumi, 2023).
This study explores the relationship between SRA practices and profitability, examining how Nigerian Breweries Plc integrates social responsibility into its accounting practices and the effect this integration has on its financial performance.
Statement of the Problem
Although SRA is recognized for its potential to positively affect corporate reputation and stakeholder relations, its direct impact on profitability remains uncertain. Despite Nigerian Breweries Plc’s active engagement in social initiatives, questions persist about whether these activities, reported through SRA, translate into improved financial performance. This study aims to explore whether there is a measurable connection between SRA practices and profitability at Nigerian Breweries Plc.
Objectives of the Study
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To assess the effect of social responsibility accounting on profitability at Nigerian Breweries Plc.
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To evaluate the relationship between SRA and corporate financial performance at Nigerian Breweries Plc.
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To recommend strategies for improving SRA practices to enhance profitability in Nigerian businesses.
Research Questions
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How does social responsibility accounting affect profitability at Nigerian Breweries Plc?
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What is the relationship between SRA practices and corporate financial performance at Nigerian Breweries Plc?
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What strategies can improve the integration of social responsibility accounting to enhance profitability in Nigerian businesses?
Research Hypotheses
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Social responsibility accounting does not significantly affect profitability at Nigerian Breweries Plc.
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There is no significant relationship between SRA practices and financial performance at Nigerian Breweries Plc.
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Proposed strategies do not significantly improve the integration of SRA practices to enhance profitability in Nigerian businesses.
Scope and Limitations of the Study
This study focuses on Nigerian Breweries Plc and its use of social responsibility accounting from 2016 to 2024. Limitations include challenges in quantifying the impact of SRA on profitability and the potential lack of detailed data on SRA practices.
Definitions of Terms
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Social Responsibility Accounting (SRA): The practice of incorporating social, environmental, and ethical factors into accounting and reporting, reflecting the financial effects of social responsibility initiatives.
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Profitability: The ability of a company to generate profits relative to its revenues, expenses, and overall financial operations.
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Corporate Financial Performance: The financial health and performance of a company, often measured by profitability, return on investment, and other financial metrics.
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