Global Advanced Research Journal of Management and Business Studies (ISSN: 2315-5086) December 2016 Vol. 3(12), pp 561-569

Copyright © 2014 Global Advanced Research Journals   

 

Original Research Articles

Effect of Corporate Social Responsibilities of Banks on Ebonyi State University

Basil U. Onwe

Department of Banking and Finance, Ebonyi State Univesrity, PMB, 053 Abakaliki.

Accepted 04 December 2014


Abstract 

Corporate social responsibility by banks in Nigeria towards finding out the extent of adoption, the benefits to the banks especially the relationship of Corporate Social Responsibilities (CSR) to the profitability of the banks and the need for regulation on Corporate Social Responsibilities (CSR) for banks in Nigeria. This becomes necessary because the banking sector like other organizations both governmental and non-governmental has a major role to play in fast racking the well-being of the society. This work aims at studying the effect of Corporate Social Responsibilities of Banks on their Host Communities. A case of Ebonyi State University and Zenith Bank Plc. The study used qualitative data and multiple regression techniques in the analysis. The result of the descriptive analysis shows strong positive relationships between dependent and independent variables. The results of principal component analysis indicate that, there are two factors whose Eigenvalues exceed 1.0. Analysis of the correlation matrix indicates that independent variables has a significant positive relationship between bank corporate social responsibility and host communities in Abakaliki (r=0.203). The regression estimation results reveals that the variables- monetary donation (MD) and non-monetary donations (NMD) are statistically significant in explaining the level of host community’s confidence in bank corporate social responsibility in Abakaliki. The hypotheses testing shows that bank corporate social responsibility has helped in boosting host community’s confidence on bank social responsibility in Abakaliki. We therefore recommend that since CSR is generally seen to have positive relationship with financial performance (profitability) of banks, Bank management should incorporate in their policies the practice of CSR, which should be followed up with measures to ensure implementation.

Keywords: CSR, EBSU, Monetary Donation, Non-monetary Donation, Profitability



 








Related Articles


Original Research Articles
Ali Medabesh
The determinants of Saudi Islamic Bank profitability
Glo. Adv. Res. J. Manage. Bus. Stud. November 2012 Vol: 1(10): - [Abstract] [Full Text - PDF] (176 KB)
Aroyeun SO, Shittu TR, and Yahaya AT, Sowunmi FA, Odumbaku LA, Okelana FA, and Akoroda MO
Green Tea Processing in Nigeria and its Economic Implications
Glo. Adv. Res. J. Manage. Bus. Stud. January 2013 Vol: 2(1): - [Abstract] [Full Text - PDF] (170 KB)
Kenny Adedapo Soyemi, Lanre Akinpelu and Jumoke Omowunmi Ogunleye
The Determinants of Profitability among Deposit Money Banks (DMBS) in Nigeria Post Consolidation.
Glo. Adv. Res. J. Manage. Bus. Stud. August 2013 Vol: 2(5): - [Abstract] [Full Text - PDF] (213 KB)
Mohamad HH, Ibrahim AH, Massoud HH
Assessment of the Expected Construction Companys Annual Work Volume Using Neural Network and Multiple Regression Models
Glo. Adv. Res. J. Manage. Bus. Stud. June 2012 Vol: 1(3): - [Abstract] [Full Text - PDF] (528 KB)
Ignatius Isaac Dambudzo
Application of the value chain analysis framework to enhance understanding of competitive advantage at an Open and Distance Learning (ODL) Institution.
Glo. Adv. Res. J. Manage. Bus. Stud. March 2013 Vol: 2(3): - [Abstract] [Full Text - PDF] (223 KB)
Silviu Mateeşescu and Adrian Dumitru Tanţau
The Green Ocean Innovation Model
Glo. Adv. Res. J. Manage. Bus. Stud. November 2013 Vol: 2(11): - [Abstract] [Full Text - PDF] (520 KB)

Current Issue

Viewing Options

View Full Article - PDF
Download Full Article - PDF

Search for Articles

Basil U. Onwe on Google Scholar
Basil U. Onwe on Pubmed

Statistics

Viewed 799
Printed 249
Downloaded 2153
Powered By iPortal Works