Corporate Social Responsibility and Financial Performance of Quoted Deposit Money Banks in Nigeria
This study investigates the determinants of capital structure in listed insurance companies in Nigeria for the period of twelve years, from 2006-2018. Ex-post facto research design was adopted for this study. The population of the study is made up of the 13 DMBs listed on the floor of the Nigerian Stock Exchange. The data used in this study were secondary data derived from annual reports of DMBs that are listed on the Nigerian Stock Exchange. The study used panel regression with respect to the use of Hausman specification test to determine the use of fixed or random effect model. The random effect regression result revealed that that EE has a negative Significance effect on Financial performance of DMBs in Nigeria. The study showed health and safety has a significant positive effect on profitability of DMBs in Nigeria, based on the regression result, Environment expenditure has insignificant negative effect on Profitability of DMBs, concludes that effective corporate social responsibility activities that can improve financial performance of deposit money banks should be engaged on. The study recommends that, Given the fact that corporate responsibility leads to profit realization management of deposit money banks financials should ensure that the responsibility is inbuilt into their policy statements and back it up with effective budget and improve more on the environment where they operate
Year of publication: |
[2023]
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Authors: | Akinlabi, Akintayo |
Publisher: |
[S.l.] : SSRN |
Subject: | Nigeria | Corporate Social Responsibility | Corporate social responsibility | Bank | Einlagengeschäft | Deposit banking |
Saved in:
freely available
Extent: | 1 Online-Ressource (89 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 25, 2021 erstellt |
Other identifiers: | 10.2139/ssrn.4527520 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014352613
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