Abstract

Simon-Oke and O. Olayemi

This study examines the non-financial characteristics of corporate performance in the Nigerian economy, using primary data approach. Data were collected through questionnaire and a total of 100 sets of questionnaire were distributed across twenty (20) different corporate firms from ten (10) different industries located in Ikeja, Ilupeju and Agbara Industrial Estates in Lagos and Ogun State, Nigeria. In other words, two (2) firms were selected from each industry while five (5) copies of questionnaire were also administered among different categories of staff in each of the selected firms. From the various analyses carried out in the study, ranging from frequencies distribution to the log linear tests, it was evidently shown that the non-financial characteristics of firms such as employment generation, facilities siting, philanthropic donations as well as research and manpower development have significantly promoted development in Nigeria. The study suggests among others, the need for more commitment of corporate firms in Nigeria, to improving the socio-economic welfare of people in their respective locations rather than laying more emphasis on profit maximization.