Pub Date : 2022-02-26DOI: 10.51550/nijbmr.56.88.94
Gabriel, Justin Mgbechi Odinioha, Ph.D., Okwakpam, Joy Amina, Ph.D.*
This is a review paper that discussed the subject of Corporate Social Responsibility (CSR) drawing from scholarly opinions in extant literature. The paper examined the evolution of CSR. Its meaning, nature and perspectives as well. The paper concluded that though the practice of CSR by firms was initially of a philanthropic nature, it has however, transcended to being aligned with core business objectives. The initial focus of CSR was majorly on voluntary donations and contributions to communities in areas of identified need such as education, healthcare, poverty alleviation and community development. But today, CSR engagements are now increasingly aligned with the primary business objectives and societal imperatives, and explicitly driven by policies embedded in relevant legislation and standards. Therefore, organisations are encouraged to entrench CSR practices is its agenda and operational policies.
{"title":"A Review of the Concept of Corporate Social Responsibility (CSR): From A National to Global Perspective","authors":"Gabriel, Justin Mgbechi Odinioha, Ph.D., Okwakpam, Joy Amina, Ph.D.*","doi":"10.51550/nijbmr.56.88.94","DOIUrl":"https://doi.org/10.51550/nijbmr.56.88.94","url":null,"abstract":"This is a review paper that discussed the subject of Corporate Social Responsibility (CSR) drawing\u0000from scholarly opinions in extant literature. The paper examined the evolution of CSR. Its meaning, nature and\u0000perspectives as well. The paper concluded that though the practice of CSR by firms was initially of a philanthropic\u0000nature, it has however, transcended to being aligned with core business objectives. The initial focus of CSR was\u0000majorly on voluntary donations and contributions to communities in areas of identified need such as education,\u0000healthcare, poverty alleviation and community development. But today, CSR engagements are now increasingly\u0000aligned with the primary business objectives and societal imperatives, and explicitly driven by policies embedded in\u0000relevant legislation and standards. Therefore, organisations are encouraged to entrench CSR practices is its agenda\u0000and operational policies.","PeriodicalId":253019,"journal":{"name":"Noble International Journal of Business and Management Research","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131473622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-19DOI: 10.51550/nijbmr.55.79.87
Saka, Toyin Shafau, Abere, Omotayo Johncally*
Due to the COVID–19 pandemic, several Small and Medium Scale Businesses have collapsed. This paper therefore examines COVID–19, risk management and SMEs sustainability in developing nations. The main objective of this paper is to suggest implementable risk management strategies that can help revamp the business operations of SMEs. The specific objectives are to ascertain the effect of COVID–19 on SMEs business operation; and to determine the role of effective risk management strategies in revamping SMEs business operation from COVID–19 pandemic. The study made use of cross-sectional design approach which recognises that data be collected at one time. The population of this study consists of all the small and medium scale enterprises (SMEs) in Lagos State. Ordinary Least Square of Regression model was employed to test the hypotheses of this study. This paper revealed that COVID–19 has significant negative effects on SMEs business operation; effective risk management strategies such as risk avoidance, reduction, sharing and retention can play a significant role in revamping SMEs business operation from COVID–19 pandemic; and adequate financing can mitigate the negative effect of Covid–19 on SMEs business operations. Arisen from the analysis of the study, this study recommended that financial institutions should make more funds available to SMEs especially in the face of Covid–19 pandemic; and SMEs should employ effective risk management strategies such as risk avoidance, reduction, sharing and retention.
{"title":"Covid–19: Pandemic Risks and SMEs Sustainability in Developing Nations:\u0000Evidence From Nigeria","authors":"Saka, Toyin Shafau, Abere, Omotayo Johncally*","doi":"10.51550/nijbmr.55.79.87","DOIUrl":"https://doi.org/10.51550/nijbmr.55.79.87","url":null,"abstract":"Due to the COVID–19 pandemic, several Small and Medium Scale Businesses have collapsed. This\u0000paper therefore examines COVID–19, risk management and SMEs sustainability in developing nations. The main\u0000objective of this paper is to suggest implementable risk management strategies that can help revamp the business\u0000operations of SMEs. The specific objectives are to ascertain the effect of COVID–19 on SMEs business operation;\u0000and to determine the role of effective risk management strategies in revamping SMEs business operation from\u0000COVID–19 pandemic. The study made use of cross-sectional design approach which recognises that data be\u0000collected at one time. The population of this study consists of all the small and medium scale enterprises (SMEs) in\u0000Lagos State. Ordinary Least Square of Regression model was employed to test the hypotheses of this study. This\u0000paper revealed that COVID–19 has significant negative effects on SMEs business operation; effective risk\u0000management strategies such as risk avoidance, reduction, sharing and retention can play a significant role in\u0000revamping SMEs business operation from COVID–19 pandemic; and adequate financing can mitigate the negative\u0000effect of Covid–19 on SMEs business operations. Arisen from the analysis of the study, this study recommended that\u0000financial institutions should make more funds available to SMEs especially in the face of Covid–19 pandemic; and\u0000SMEs should employ effective risk management strategies such as risk avoidance, reduction, sharing and retention.","PeriodicalId":253019,"journal":{"name":"Noble International Journal of Business and Management Research","volume":"330 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116783243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}