Nwude, E. Chuke and UDEH, Sergius Nwannebuike and Nwude, Comfort Amaka (2020) CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE: A FOCUS ON BANKS IN A DEVELOPING ECONOMY. In: 4th International Conference (Virtual), September, 29- 30 2020, Obafemi Awolowo University, Ile-Ife, Nigeria.
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Abstract
The study examined the impact of corporate social responsibility (CSR) on the performance of deposit money banks in Nigeria. Data on financial performance (proxied by earnings per share, market price per share, return on assets, and return on equity) and a composite measure of CSR (obtained by aggregating expenditures on donations and charitable gifts to the society by the banks) were obtained from the annual reports. Out of a population of 11 quoted national deposit money banks from 2007-2019 a sample of 10 banks selected based on complete updated data was used in the study. The study employed panel linear models comprising of the fixed and random-effects models. The findings showed that weak positive effect of CSR on earning per share, market price per share, a strong positive impact on the return on assets, and a weak negative impact on return to equity. Also, the results indicated that CSR influences the corporate financial performance indices of the banks in the context of an emerging market in Nigeria. Based on stakeholder theory, the banks need to increase the intensity of CSR activities as a strategy to face increasing tight competition in the industry.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HJ Public Finance |
| Divisions: | Faculty of Management and Social Sciences |
| Depositing User: | mrs chioma hannah |
| Date Deposited: | 11 Jan 2021 10:27 |
| Last Modified: | 11 Jan 2021 10:27 |
| URI: | http://eprints.gouni.edu.ng/id/eprint/2906 |
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