Assessment Of The Impact Of Corporate Social Responsibility Of Commercial Banks In Nigeria On Their Profitability (A Study Of First Bank Plc.):- Emmanuel, Prince I.
ABSTRACT
The need to examine the impact of
corporate social responsibility of commercial banks in as a result of the
rising cost of running a viable business organization in Nigeria and lack of
basic infrastructure as well as divergent views in the literature regarding the
type ofrelationship that exists between CSR and corporate performance. the
study focus. The data used for the computational experiment analyzed using the
Pearson correlation coefficient and the multiple regression analysis technique.
The hypotheses formulated were tested on an SPSS package to achieve the
corresponding objective. The result of the multivariate regression analysis
which examined the impact of corporate social responsibility on commercial
banks profitability revealed a Beta (0) value of 0.993 at 1% level ofsignificance.
This means that for every unit change increment in the CSR expenditure will
lead to 0.993 or 99.3% increase in the profit after tax of the bank. The
coefficient of determination (R2) revealed a value of 0.987 which shows that
CSR accounted for 98.7% of the variations in the profit after tax of First Bank
pic. while the remaining 1.3% variations is due to other variables not present.
The study concluded that there is a strong positive relationship between banks
CSR activities and profitability. The implications of this study include the
need for banks to demonstrate high level of commitment to corporate social
responsibility based on the stakeholders’ theory in other to enhance their
profitability in the long run.
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EMMANUEL, E (2023). Assessment Of The Impact Of Corporate Social Responsibility Of Commercial Banks In Nigeria On Their Profitability (A Study Of First Bank Plc.):- Emmanuel, Prince I.. Repository.mouau.edu.ng: Retrieved Apr 28, 2024, from https://repository.mouau.edu.ng/work/view/assessment-of-the-impact-of-corporate-social-responsibility-of-commercial-banks-in-nigeria-on-their-profitability-a-study-of-first-bank-plc-emmanuel-prince-i-7-2
EMMANUEL, EMMANUEL. "Assessment Of The Impact Of Corporate Social Responsibility Of Commercial Banks In Nigeria On Their Profitability (A Study Of First Bank Plc.):- Emmanuel, Prince I." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 20 Dec. 2023, https://repository.mouau.edu.ng/work/view/assessment-of-the-impact-of-corporate-social-responsibility-of-commercial-banks-in-nigeria-on-their-profitability-a-study-of-first-bank-plc-emmanuel-prince-i-7-2. Accessed 28 Apr. 2024.
EMMANUEL, EMMANUEL. "Assessment Of The Impact Of Corporate Social Responsibility Of Commercial Banks In Nigeria On Their Profitability (A Study Of First Bank Plc.):- Emmanuel, Prince I.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 20 Dec. 2023. Web. 28 Apr. 2024. < https://repository.mouau.edu.ng/work/view/assessment-of-the-impact-of-corporate-social-responsibility-of-commercial-banks-in-nigeria-on-their-profitability-a-study-of-first-bank-plc-emmanuel-prince-i-7-2 >.
EMMANUEL, EMMANUEL. "Assessment Of The Impact Of Corporate Social Responsibility Of Commercial Banks In Nigeria On Their Profitability (A Study Of First Bank Plc.):- Emmanuel, Prince I." Repository.mouau.edu.ng (2023). Accessed 28 Apr. 2024. https://repository.mouau.edu.ng/work/view/assessment-of-the-impact-of-corporate-social-responsibility-of-commercial-banks-in-nigeria-on-their-profitability-a-study-of-first-bank-plc-emmanuel-prince-i-7-2