EFFECT OF CORPORATE SOCIAL RESPONSIBILITY COSTS ON THE FINANCIAL PERFORMANCE OF SUGAR MANUFACTURING COMPANIES IN KENYA

<p>The impact of CSR costs on financial performance is becoming increasingly important to a wide variety corporate stakeholders. It considered be one the instruments that businesses need use establish and maintain calm working atmosphere. Engaging in social responsibility their disclosures are common recent business setting around globe. Corporate has become more significant over past decades, validity research how it associated with firm remains uncertain incomplete. Many public private Sugar manufacturing firms Kenya have been facing poor performance, some closing up, even after receiving funding from government. Consequently, this study aimed effects cost sugar companies Kenya. The specific objectives were; assess effect community development Kenya, examine environmental evaluate economic was guided by stakeholder theory, legitimacy theory firm. adopted correlation design. study's target population 12 A census sampling technique used select all secondary data collection sheet document information audited statements downloaded website 2012 2021. Panel Data analyzed using descriptive inferential statistics. regression analysis indicated costs, had coefficient 0.2146, 0.2896, 0.2728 p-value 0.006, 0.000, 0.000. depicted an R2 0.29 which implied explain 29% Therefore, concluded improve performance. recommended management should provide funds policymakers develop strategic policies would enhance practice responsibility, respond demands for cleaner environment.<br /> <br /><strong>JEL:</strong> Q10; L60; L66</p>