CSR AND FIRMS' PERFORMANCE NEXUS: A THOUGHT OF CARROLL PYRAMID IN THE CONTEXT OF NIGERIAN DEPOSIT MONEY BANKS
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Date
2017
Journal Title
Journal ISSN
Volume Title
Publisher
AL‐HIKMAH MANAGEMENT REVIEW
Abstract
Abstract
Although, Corporate Social Responsibility (CSR) may have no strong
proclamation of the law, it has nonetheless been espoused by banks to
give an impression that they show their concerns for the development
of their immediate environments and the nation at large. Often, CSR is
embarked upon to gain customers' patronage and enhance their
performance among their peers. This study examined the impact of
CSR (in terms of four CSR dimensions identified by Carroll, 1991) on
Banks' performance. The study employed secondary data that is,
audited financial statements of ten Nigerian Deposit Money Banks
representing the sample size. Using inferential statistics (regression
analysis), the study found no significant relationship between CSR
and Banks' performance. Government legislation on mandatory CSR
for banks is therefore recommended so that banks will not see their
obligations ending with profit making and shareholders' wealth
maximisation.