Innovation and Corporate Social Responsibility (CRS) of Nigerian Multinationals

The study investigated the relationship between innovation and corporate social responsibility of multinational firms. The study made use of expo-facto research design to sample ten (10) multinational firms from quoted consumer goods and industrial goods firms for the period of 2014 to 2019 and employ descriptive statistics, correlation analysis and multiple regression technique in the analysis of data. The result showed that economic dimension of corporate social responsibility has a positive coefficient and significant relationship with innovative performance of multinational firm, humanitarian dimension of corporate social responsibility has a positive coefficient and significant relationship with innovative performance of multinational firm and firm size as a control variable has a negative coefficient and significant relationship with innovative performance of multinational firm at 1% level of significance. The study recommended that relevant stakeholders of multinational firms in Nigeria should pay much attention to corporate social responsibility in order to gain competitive advantage in the international market through innovation.