Abstract
This research work examined the effect
ofcorporate social responsibility on organizational performance of First Bank
Pic. Hypotheses were tested on the extent to which corporate social
responsibility costs affect return on assets, the extent to which corporate
social responsibility costs affect return on equity and the extent to which
corporate social responsibility costs affectprofit aftertax. Ex-postfacto
research design was adopted. Simple regression was employed to test the
hypotheses. The results showed that the estimated coefficient ofthe regression
parameters have a positive sign and thus conform to our apriori expectation.
The implication ofthis sign is that the dependent variables Return on Asset
(ROA), Return on Equity (ROE) andProfit after Tax (PAT) are positively affected
by Corporate Social Responsibility Cost (CSRC). The study also revealed that
there is a very high relationship between Corporate Social Responsibility Cost
(CSRC) and the various dependent variables that is Return on Asset (ROA),
Return on Equity (ROE) andProfit after Tax (PAT).The researcher recommends that
firms should institute proactive waste management systems and structures that
ensure that the disposals of the harmful byproducts in every aspect oftheir
operations are properly handled. Such systems need not be compelled by
government regulation, but should be voluntarily provided by the firms
themselves. Also firms should ensure to put measures in place to reduce the
nuisance of environmental pollution through abatement, as expenditures made on
pollution abatement are normally off-set in the long run by the firms’
enjoyment ofa healthy and sustainable operating environment.
OKOROAFOR, J (2024). Effect Of Corporate Social Responsibility On Organizational Performance Of First Bank Plc:- Okoroafor Janet. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-organizational-performance-of-first-bank-plc-okoroafor-janet-7-2
JANET, OKOROAFOR. "Effect Of Corporate Social Responsibility On Organizational Performance Of First Bank Plc:- Okoroafor Janet" Mouau.afribary.org. Mouau.afribary.org, 15 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-organizational-performance-of-first-bank-plc-okoroafor-janet-7-2. Accessed 30 Oct. 2024.
JANET, OKOROAFOR. "Effect Of Corporate Social Responsibility On Organizational Performance Of First Bank Plc:- Okoroafor Janet". Mouau.afribary.org, Mouau.afribary.org, 15 Jul. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-organizational-performance-of-first-bank-plc-okoroafor-janet-7-2 >.
JANET, OKOROAFOR. "Effect Of Corporate Social Responsibility On Organizational Performance Of First Bank Plc:- Okoroafor Janet" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-corporate-social-responsibility-on-organizational-performance-of-first-bank-plc-okoroafor-janet-7-2