IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF SELECTED NIGERIAN BANKS: (2011-2021)

Akpa, Emmanuel Mbanefo Ede and ODO, John Onyemaechi (2024) IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE OF SELECTED NIGERIAN BANKS: (2011-2021). British International Journal of Applied Economics, Finance and Accounting, 8 (3). pp. 25-43. ISSN 2234-2418

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Abstract

This study investigated the impact of corporate social responsibility (CSR) on the financial performance of deposit money banks in Nigeria operating in the international market. Some of the specific objectives of the study are to examine the impact of Corporate Social Responsibility on the net profit margin of Nigeria banks operating in the international market and also on the return on equity of Nigeria banks operating in the international market. Longitudinal panel research design was adopted for this study. Using panel data of 8 commercial banks in Nigeria operating in the international market from 2011 to 2021, Pooled OLS regression was employed to test the impact of CSR on financial performance. The results show a positive impact of CSR on net profit margin, indicating that CSR initiatives positively affect the financial performance of commercial banks in Nigeria operating in the international market. Similarly, there was a significant impact of CSR on return on equity, implying that commercial banks in Nigeria operating in the international market that prioritize CSR activities tend to have higher returns on equity. The study contributes to the existing literature on CSR in the Nigerian banking sector by providing empirical evidence on the impact of CSR and financial performance. The findings also have important implications for policymakers and bank management in Nigeria, as they provide insights into how CSR can be used to improve the performance and reputation of Nigerian commercial banks operating in the international market.

Item Type: Article
Subjects: H Social Sciences > HJ Public Finance
Divisions: Faculty of Management and Social Sciences
Depositing User: mrs chioma hannah
Date Deposited: 30 Mar 2025 11:37
Last Modified: 30 Mar 2025 11:37
URI: http://eprints.gouni.edu.ng/id/eprint/4452

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