Abstract: This paper examined the effect of financial performance on corporate social responsibility of banks in Nigeria. After analyzing the different studies in the literature, a sample size of 7 banks out of 15 being listed on the Nigerian Stock Exchange with the total of 21 banks in Nigeria was used. The study employed ex-post-facto research design, using a data of 6 years period, ranging from (2010-2015). The study used Multiple Regression Model as the technique of analysis using STATA software version 12. The study found that, two of the independent variables (i.e. ROA and ROCE) have significant positive effects on CSRD and the other (i.e. EPS) negative effect. In line with the findings of the study, the study concluded that financial performance plays a significant role on the CSRD in Nigeria. The study therefore recommends that banks should determine their CSRD in proportion to return on asset and return on capital employed, which in the long-run will increase their profitability. Managers should make sure that this collective wealth is utilized in consistence with the principles of reasonable improvement that supports the idea of social responsibility.
Keywords: Financial performance, corporate social responsibility.
Title: Financial Performance and Corporate Social Responsibility of Some Selected Banks in Nigeria
Author: Bala Ado Kofar Mata, Abdulrazaq Suleiman Ibrahim
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Research Publish Journals
