Effect of Corporate Social Responsibility on Banks Performance in Nigeria
- Post by: airjournals
- September 30, 2021
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The aim of this study was to investigate the effect of corporate social responsibility on bank performance in Nigeria. The specific objective was to examine the effect of corporate social responsibility on return on equity, and return on assets of banks in Nigeria. Ex post facto design was adopted for this study while the analytical techniques used for the study was panel regression model. Unit root test was used as the preliminary test. It was revealed that there is significant effect of corporate social responsibility on return on equity, and return on assets of banks in Nigeria. The study therefore recommends that banks in Nigeria should continually create favorable goodwill and make social and business environments conducive and friendly as the study found out that corporate social responsibility has significant effect on return on equity of banks in Nigeria. Banks in Nigeria should also commit to improving their environmental and social performance beyond legal obligations to improve their return on assets since corporate social responsibility significantly affects return on assets of banks in Nigeria.
Keywords: Corporate Social Responsibility; Bank Performance; Return on Assets; Return on Equity
1Odo, John, PhD; 2Chimeka, Chizoba Favour