Effect Of Corporate Social Responsibility On The Performance Of Money Deposit Banks In Nigeria (A Study Of Selected Banks In Nigeria 2005-2017)

ABSTRACT

The study investigated effect of corporate social responsibility on performance of Money deposit banks in Nigeria with specific objectives to establish the effect of corporate social responsibility on profit after tax, return on assets and return on equity in a 3 model structure. The Study adopted ex-post facto research design and therefore extracted data from selected banks from 2005 - 2017. The researcher used donations on health, education and environment by the banks as proxies for corporate social responsibility while profile after tax, return on assets and return on equity were engaged as each dependent variable. The study used multiple regression analysis to estimate the relationship of the variables. The results established that individually donations on health has negative significant effect on profit after tax, All the corporate social responsibility proxies had no significant with either return on assets or return on equity, from the hypothesis tested, it was found that corporate social responsibility has significant effect on profit after tax, return on assets and return on equity. The study concludes that corporate social responsibility has significant effect on performance of money deposit banks in Nigeria and therefore recommends that banks should be more environmentally friendly; bank should increase their donations on health, education and environment and that management of banks should identify activities that would impact more on the society in other to attract continued patronage so as to earn profit