CORPORATE SOCIAL RESPONSIBILITY AND PROFITABILITY OF MONEY DEPOSIT BANKS IN NIGERIA (A STUDY OF SOME LISTED MONEY DEPOSIT BANKS)

ADEMOLA, E. A and AJAO, C. C (2019) CORPORATE SOCIAL RESPONSIBILITY AND PROFITABILITY OF MONEY DEPOSIT BANKS IN NIGERIA (A STUDY OF SOME LISTED MONEY DEPOSIT BANKS). JOURNAL OF SCHOOL OF MANAGEMENT STUDIES, THE FEDERAL POLYTECHNIC, ILARO, OGUN STATE, NIGERIA, 5 (1). pp. 8-19.

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Abstract

The study examined the impact of corporate social responsibility on the profitability of money deposit banks in Nigeria. Secondary data was employed with a sample of four banks selected for this research work. The study utilized profit after tax as a means of measuring profitability, while donations to health, education, social welfare and environmental protection were used as proxies for corporate social responsibility which is the independent variable. This research work uses the panel OLS (fixed effect) regression model while using the E-view 9 for the analysis. The maximum positive correlation coefficient of 0.85 is observed via a correlation between EDU and PAT followed by HEALTH, ENVIRONMENT and SOCIAL respectively. The study further established that there is a significant effect of corporate social responsibility on education and corporate social responsibility on environmental protection on the profitability of the selected money deposit banks, except for corporate social responsibility on health and social welfare which has no significant effect on the profitability of banks. Based on the findings, the study recommended that money deposits banks should expand its scope of activities on investment that would generate more profits and thereby enhance its investment on corporate social responsibility.

Item Type:	Article
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Miss Ayomikun Ogunbadejo
Date Deposited:	11 May 2020 19:43
Last Modified:	11 May 2020 19:43
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/92

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