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GLOBALISATION AND CORPORATE SOCIAL INVESTMENT TOWARDS PRODUCTIVITY ENHANCEMENT AND RESOLUTION OF DISTRESS IN NIGERIAN ECONOMY.

ADEGBIE, F. F. and Adeniji, A. A. (2013) GLOBALISATION AND CORPORATE SOCIAL INVESTMENT TOWARDS PRODUCTIVITY ENHANCEMENT AND RESOLUTION OF DISTRESS IN NIGERIAN ECONOMY. International Journal of Advancement in Management Science, 3 (1). pp. 105-113. ISSN 2276-8173

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Abstract

The interconnectivity of nations and their economies have converted the global economy into a village where it is easy for nations within the global economic system to interact and explore investment opportunities. The foreign companies that have direct investment in other global economies owe the communities the obligation of providing social investment that are to take care of the social well being of the inhabitants/citizens of the area affected. This paper identified among others the problem of selecting the right type of social investment or mix of investment that will benefit the community and give the organization maximum return, in some cases neglecting the communities to suffer after depleting their natural resources and left the land barren. The objectives are to evaluate how corporate social investment can enhance global foreign direct investment in the global village, assess the role corporate social investment plays in helping an organization achieve its global investment, assess the corporate social investment activities corporate entities can invest in to reduce society disturbance of operations and enhance productivity and to determine the ways corporate social investment will integrate good relationship with the community. The Nigerian economy is the population and selected profit making organizations as sample representatives. We employed the Analysis of Variance for the result of the research work. Some of the findings are that Corporate Social Investment will improve the local economy, develop the environment, promote community peace, enhance organizations productions income, eradicate distress syndrome in their businesses, protect resources and create shareholders satisfaction. We recommend that the multinational corporations should embark on various corporate social investment while the Nigerian Accounting Board should create an accounting standard that will take care of its accounting system and subject part of the investment to tax exemption. The economic operational disturbances in Nigeria calls for this paper at this critical period.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Dr. Anthonia Adeniji
Date Deposited: 25 Mar 2015 15:06
Last Modified: 25 Mar 2015 15:06
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/4204

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