Oyenekan, K.B. and ADEBAYO, OLUFUNKE PATRICIA and Adesanya, Oluwatoyin D, and Onayemi, O. and Adesanya, O. (2017) EMPIRICAL EXAMINATION OF CORPORATE SOCIAL RESPONSIBILITIES AS A PREDITOR OF FIRMS FINANCIAL PERFORMANCE. LASU Journal of Business Review, 4 (1). pp. 180-189.
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Abstract
C01porate Social Responsibility is an ethical but voluniC!ry donation/ It is a service an organisation gives back . to the community or the environment wherein they do operate .(ti1(l benefits .fl·om. The aim of this study is to empiricallyanalyze corporate social responsibility and its e.fj'ect:\~ on firms 'pe,formance. Other objectives of the study include to examine how philanthropic responsibility aff'ects return on assetand to determine how economic responsibility of aflnn influences return on equity. The study jiJrther examlned the moderating effect of perceived organizational culture on th1! relations!ujJ between. corporate social re.sponsibility and firm performance. A Nigerian bank which had been active at CSR' was used to predict the extents of corporate social responsibility on firm pe1jOrmance. A total Number of J83copies of questionnaire were administered but 173 copies of questionnaire 'were returned ancj, found useable. Regression andcorrelatio11. analyses were employed for the test of hypotheses. It was discovered that c01porare social responsibility, such as economic responsibility and philanthropic responsibility;'' is a significant predictor of financial performance. It was further discovered that corporate<ii';f.ture moderates the relationship between co1porale social responsibility and firm performance. Based on 7hese findmgs, lt was recommended that banks should embrace corporate social responsibility as a strategic tool far enhancing the image of their firm thereby leading to their improved performance.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Corporate Social Responsibility, Firm Performance, Perceived Organisation Culture, Financial : Performarfce |
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | nwokealisi |
| Date Deposited: | 09 Nov 2023 10:50 |
| Last Modified: | 09 Nov 2023 10:50 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/17536 |
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