THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY INITIATIVES ON SURVIVAL OF COMERCIAL BANKS IN NIGERIA

Abubakar Adamu Hamma, Kabiru Jinjiri Ringin, Halima Shuaibu

Abstract


This study investigated the effect of corporate social responsibility on financial performance of quoted banks in Nigeria between the period of 2016 to 2020 (5years). Specifically, the study assessed the effect of corporate social responsibility on the financial performance (return on assets, earnings per share, dividend per share and return on equity) of listed companies in Nigeria. The study used secondary data obtained from the company’s annual reports for the period of 5years (2016 to 2020).By means of regression analysis the study found that corporate social responsibilities have a positive and significant impact on all dependent variables tested. Corporate social responsibility played a significant role in enhancing the financial performance of quoted banks. This study thereby concludes that; banks should give enough attention to their corporate social responsibility in order to enhance their overall financial performance.


Keywords


Corporate Social Responsibility, Financial Performance, Banks, Companies, Nigeria.

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