Corporate Social Responsibility (CSR)
DECLARATION
I declare that the above work is my own and that the material contained herein has not been
Substantially used in any other submission for an academic award.
Signature Date
ABSTRACT
Banking in Nigeria, is not as developed as the banking in other countries, this is due to the political issues, and due to the problems witnessed by the public, such as low income, low education, corruption and insufficient efficiency within the country. An attempt has been made in this research to know the impact of corporate social responsibility on the profitability in the Nigerian Banking Industry using First Bank of Nigeria (FBN) Plc. as the case study. The present day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their operations and interaction with stakeholders. The notion of CSR is one of ethical and moral issues surrounding corporate decision making and behaviour, thus if a company should undertake certain activities or refrain from doing so because they are beneficial or harmful to the society is a central question. CSR is what an organization does to contribute to the social, economic, political or educational development of the community where it is located, but which it is not compelled to do so by any law.
This research can be described as an explanatory study that utilized the quantitative methodology. Self-administered questionnaires were disseminated via email to access self-employees, accountants, students and executive manager’s responds. A sample of 120 questionnaires was drawn but only 80 respondents gave clear responses.
Four hypotheses is formulated and tested with simple percentage, table and regression to find out some of the empirical bearings on the way CSR impacts financial returns of an organisation. The survey result shows that CSR has impact on
I declare that the above work is my own and that the material contained herein has not been
Substantially used in any other submission for an academic award.
Signature Date
ABSTRACT
Banking in Nigeria, is not as developed as the banking in other countries, this is due to the political issues, and due to the problems witnessed by the public, such as low income, low education, corruption and insufficient efficiency within the country. An attempt has been made in this research to know the impact of corporate social responsibility on the profitability in the Nigerian Banking Industry using First Bank of Nigeria (FBN) Plc. as the case study. The present day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their operations and interaction with stakeholders. The notion of CSR is one of ethical and moral issues surrounding corporate decision making and behaviour, thus if a company should undertake certain activities or refrain from doing so because they are beneficial or harmful to the society is a central question. CSR is what an organization does to contribute to the social, economic, political or educational development of the community where it is located, but which it is not compelled to do so by any law.
This research can be described as an explanatory study that utilized the quantitative methodology. Self-administered questionnaires were disseminated via email to access self-employees, accountants, students and executive manager’s responds. A sample of 120 questionnaires was drawn but only 80 respondents gave clear responses.
Four hypotheses is formulated and tested with simple percentage, table and regression to find out some of the empirical bearings on the way CSR impacts financial returns of an organisation. The survey result shows that CSR has impact on