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Effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria: A Study of United Bank of Africa

TIJANI, Abideen Adekunle

,

ADEOYE, Abayomi Olarewaju

,

ALAKA, Nureni Sanusi

TIJANI, Abideen Adekunle 1 ADEOYE, Abayomi Olarewaju 1 ALAKA, Nureni Sanusi 1 

  1. Department of Business Administration, Lagos State University, Nigeria 1

Pages: 136-147

DOI: 10.18488/journal.62.2017.46.136.147

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Article History:

Received: 26 April, 2017
Revised: 08 June, 2017
Accepted: 20 September, 2017
Published: 02 October, 2017


Abstract:

The study investigates the effects of Corporate Social Responsibility on Banks Financial Performance in Nigeria with special reference to United Bank of Africa (UBA) Plc. The study utilized secondary sources of data, which were sourced from UBA’s annual report. The data sourced, spanned from 1992 – 2014. Data disaggregating into health issue, transportation and education proxies as Corporate Social Responsibility and Return on Equity as financial performance. The Ordinary Least Square (OLS) Estimation technique and Granger-causality test were adopted. The findings of the study suggests that there is insignificance relationship between Corporate Social Responsibility and financial performance. The paper recommends that management should see Corporate Social Responsibility as a business opportunity that is beneficial in the long run thereby, incorporating credible and well-structured social responsibility policies.

Contribution/ Originality
The study contributes to the existing literature by using disaggregated measure of Corporate Social Responsibility. The findings of the study are therefore relevant and useful to Corporate Managers and Policy makers as well as academics.

Keywords:

Corporate social responsibility, Banks financial performance, Return on equity, UBA, Nigeria.

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Funding:

This study received no specific financial support.

Competing Interests:

The authors declare that they have no competing interests.

Acknowledgement:

All authors contributed equally to the conception and design of the study.

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