Corporate Social Responsibility and Profitability in Nigeria Financial Services Industry

Banjo A. Hassan () and Olufemi A. Ogunkoya ()
Additional contact information
Banjo A. Hassan: Olabisi Onabanjo University
Olufemi A. Ogunkoya: Olabisi Onabanjo University

Acta Universitatis Danubius. OEconomica, 2019, issue 15(6), 7-23

Abstract: This study investigates the impact of Corporate Social Responsibility on profitability with particular reference to the Nigeria financial services industry. The study employed a survey research design. Primary data were collected using validated and reliable questionnaire instrument from sampled managers of Nigeria financial Services industry in Sagamu, Ogun State and were found usable. A sample size of 140 questionnaires was administered in this study. Correlation analysis was employed as a statistical technique to analyze data collected using SPSS 17.0. The results revealed that corporate social responsibility has a significant association with profitability. The study concludes that Nigeria financial Services industry should recognize the importance of corporate social responsibility for sustainable development as they perform their obligations to the society. And therefore, recommended that management of Nigeria financial Services industry should continue support CSR activities because any organization that does not invest much in corporate social responsibilities its long run existence is threaten.

Keywords: Corporate Social Responsibility (CSR); Profitability; Corporate governance; Social responsible accounting (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journals.univ-danubius.ro/index.php/oeconomica/article/view/5936/5137 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2019:i:6:p:7-23

Access Statistics for this article

More articles in Acta Universitatis Danubius. OEconomica from Danubius University of Galati Contact information at EDIRC.
Bibliographic data for series maintained by Daniela Robu ().