Corporate Social Responsibility Disclosure and Profitability of Listed Deposit Money Banks (DMBs) in Nigeria

Registration ID: IJNRD_202286

Published ID: IJNRD2308366

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Sunday Friday, Ebere Chukwuma Christopher

Corporate social responsibility disclosure, bank profitability, panel data

It is well established in theory that the adoption and implementation of corporate social responsibility model moves a firm towards sustainability. However, there is limited empirical research on the extent to which different dimensions of corporate social responsibility affect firm profitability, especially from the perspective of deposit money banks in Nigeria. This study employs the conventional panel data models (fixed effects and random effects) to examine the extent of the impact of corporate social responsibility disclosure on bank profitability using panel data on 12 listed deposit money banks in Nigeria covering from 2010 to 2021. The results show that at the 5% significance level, employee responsibility disclosure, government responsibility disclosure, and shareholders’ responsibility disclosure none has a significant effect on bank profitability, measured by return on assets. However, the effect of shareholders’ responsibility disclosure is significant at the 10% level. On the contrary, community responsibility disclosure exerts a negative and highly statistically significant on bank profitability. Based on these findings, we conclude that deposit money banks in Nigeria have not been effective in using their corporate social responsibility model as an instrument for achieving higher profit levels.

Published Paper   E-Certificate

Sunday Friday & Ebere Chukwuma Christopher (August-2023). Corporate Social Responsibility Disclosure and Profitability of Listed Deposit Money Banks (DMBs) in Nigeria. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(8), d455-d466. https://ijnrd.org/papers/IJNRD2308366.pdf

Volume 8 Issue 8, August-2023

Pages : d455-d466

Paper Reg. ID: IJNRD_202286

Published Paper Id: IJNRD2308366

Downloads: 000122037

Research Area: Management

Author Type: Foreign Author

Country: Port Harcourt , Rivers State, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2308366.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2308366

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