Effects Of Corporate Social Responsibility Costs On Corporate Performance Of Money Deposit Banks In Nigeria (A Study Of Selected Banks In Nigeria)

ABSTRACT

This study examines the Effect of Corporate Social Responsibility Costs on the Performance of Money Deposit Banks in Nigeria (a study of selected Banks in Nigeria). The researcher adopted longitudinal and non-probabilistic sampling method for this work. The data for the study emerged from secondary sources. Annual reports of the six (6) selected banks in Nigeria, ranging from 2012-2016 for each bank were extracted. The variables used were, CSRC as the independent variable, while the dependent variables were PAT, Demand Deposit, ROE, and ROA. The study adopted both descriptive and .51n2p1e regression techniques of data analysis. The study revealed that there is a significant effect of corporate social responsibility costs on corporate performance of money deposit banks in Nigeria. other findings were; a significant effect was established between corporate social responsibility costs and profit after tax of banks in Nigeria, corporate social responsibility costs have significant effect on demand deposits of banks in Nigeria and that there is no significant effect of CRSCs on ROA and ROE of banks in Nigeria. The study recommends among other things that, Money Deposit banks in Nigeria should make efforts to increase their commitment to corporate social responsibility activities such as Nigerian Law School, Project Internally Displaced Persons, Construction of Primary Health Care Centre, etc.