Department of Finance, University of Lagos, Lagos, Nigeria.
Research Article
World Journal of Advanced Research and Reviews, 2024, 24(01), 1264–1278
Received on 02 September 2024; revised on 14 October 2024; accepted on 16 October 2024
This study examined the relationship between financial performance, firm size, leverage, and Corporate Social Responsibility (CSR) at Accenture Plc. Using a quantitative correlational research design, the research utilized secondary data from Bloomberg (2014-2023) and analyzed the variables through a multiple regression model. Financial performance (measured by Return on Equity), firm size (total revenue), and leverage (debt-to-assets ratio) were the independent variables, while CSR was measured through Environmental, Social, and Governance (ESG) scores. Findings revealed that firm size had a significant positive relationship with CSR, suggesting that larger firms are more likely to engage in CSR activities. However, there was no statistically significant relationship between Return on Equity (ROE) and leverage with CSR scores. These findings aligned with previous research on the impact of firm size on CSR but differed in terms of ROE and leverage's influence on CSR engagement. The study concluded that Accenture's revenue capacity positively influenced its CSR activities, while leverage and financial performance, as measured by ROE, did not have a significant impact. Recommendations were made for policymakers to consider encouraging larger firms to enhance CSR engagement through fiscal incentives.
Corporate Social Responsibility; Financial Performance; Firm Size; Leverage; ESG Scores.
Preview Article PDF
Akinbola Olawale and Bolaji Akinbola. The relationship between financial performance, firm size, leverage, and corporate social responsibility: A case study of Accenture Plc. World Journal of Advanced Research and Reviews, 2024, 24(1), 1264-1278. Article DOI: https://doi.org/10.30574/wjarr.2024.24.1.3166