Corporate Social Responsibilities and Financial Performance of Listed Deposit Money Banks in Nigeria
Chinwendu Hycenth Abuajah email@example.com
Ndukwe O. Dibia firstname.lastname@example.org Department of Accountancy, Faculty of Business Administration
Abia State University, Uturu, Nigeria.
John U. Ihendinihu Department of Accounting,
College of Management Sciences, Michael Okpara University of Agriculture,
For long term sustainability of business organizations, the strategy of Corporate Social Responsibility (CSR) activity has become a strategic approach to meet stakeholder demands, respect for ethical principles and give appropriate answers to the needs of organizational stakeholders. The objective of the study therefore is to examine the effect of corporate social Regression Analysis (QRA) technique was employed in assessing the effects of the corporate social responsibility costs on the financial performance of the entities at different quantile distributions. The findings reveal that social donations have a significant positive effect on earnings per share on both the 50th and 75th quantiles. But occupational health and safety cost has no significant effect on earnings per share at all levels of the performance distribution. The paper therefore recommends that firms whose interest is to improve earnings per share via corporate social responsibility activities should place emphasis on sustained higher financial performance prior to engaging on training and development capabilities of its work force. Keywords: Corporate social responsibility, social donations, safety costs, financial
performance, earnings per share.