INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
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.
Keywords:
Corporate social responsibility disclosure, bank profitability, panel data
Cite Article:
"Corporate Social Responsibility Disclosure and Profitability of Listed Deposit Money Banks (DMBs) in Nigeria", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 8, page no.d455-d466, August-2023, Available :http://www.ijnrd.org/papers/IJNRD2308366.pdf
Downloads:
000118752
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn