Corporate Social Responsibility Activities and Organizational Performance of Selected Cooperative Societies in Ile-Ife Metropolis

Abstract

The purpose of this study is to investigate the relationship between corporate social responsibility activities and organizational performance of selected cooperative societies in the Ile-Ife metropolis. The study adopted a descriptive survey design. A population of 15 registered cooperative societies in the Ile-Ife metropolis was used for the study. One hundred (100) cooperative society members were randomly selected as the sample size. The instrument used was a questionnaire to seek information from the co-operators as respondents. This instrument was validated, and its reliability was tested using Cronbach alpha statistics, which revealed a coefficient of 0.721. Descriptive statistics and regression analysis were used to test the research questions. The study results revealed that corporate social responsibility activities such as community service, education and training, environment protection, and ethical behavior significantly impact the organizational performance of the selected cooperative societies. The study also identified challenges like inadequate funding, access to information, and lack of political will as some of the challenges the cooperative societies faced in implementing cooperative social responsibility activities. The study recommended that cooperative societies should develop initiatives for funding their corporate social responsibility activities, enhance access to information by providing adequate library materials and libraries, and strengthen the government's political will to support the cooperative social responsibility activities.