The purpose of the study is find out whether does social responsibility practice among listed firms in Nigeria improve its financial performance. The objective of the study is to examine the impact of financial performance, firm leverage, firm size and ownership concentration on social responsibility practices. The study adopts a longitudinal research design where ten (10) food and consumer quoted companies are selected for the period of 2013 to 2017 source from the audited annual reports of the sample companies. The Newey-West multiple regression results show that the financial performance has a significant negative on social responsibility practice, firm leverage has an insignificant negative on social responsibility practice, firm size has a significant positive on social responsibility practice and ownership concentration has an insignificant negative on social responsibility practice. The study recommends firm size is a prime driver of social responsibility practices. It is also suggests that firms with high return on asset tends to be poorly committed to social responsibility practices.