CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS
Corporate Social Responsibility (CRS) is a driving tool for success and a crucial component of organizational performance. The study examines the influence of CSR on the performance of selected Nigerian banks. Purposive sampling technique was used to select 50 Nigerian branch managers; 10 each from...
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| Format: | Article |
| Language: | English |
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Kwara State University, Malete Nigeria
2023-11-01
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| Series: | Malete Journal of Accounting and Finance |
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| Online Access: | https://majaf.com.ng/index.php/majaf/article/view/26 |
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| _version_ | 1823859647684018176 |
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| author | Oloruntoba Oyedele |
| author_facet | Oloruntoba Oyedele |
| author_sort | Oloruntoba Oyedele |
| collection | DOAJ |
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Corporate Social Responsibility (CRS) is a driving tool for success and a crucial component of organizational performance. The study examines the influence of CSR on the performance of selected Nigerian banks. Purposive sampling technique was used to select 50 Nigerian branch managers; 10 each from Zenith bank, Guaranty Trust bank, First bank, Access bank, and United bank for Africa respectively to constitute the study sample. A structured closed ended questionnaire was also designed; copies of which were administered to solicit opinions from the sampled population of the study. Data analysis was performed with the aid of descriptive statistics, factor analysis, and linear regression. The study established that Nigerian bank managers recognized the importance of CSR and the need to perform their obligations to the stakeholders, both internal and external as well as society at large. The study also confirmed that adoption of CSR by Nigerian banks was influenced by the demands and expectations of other stakeholders as a source of competitive advantage and to comply with government policies. Subsequently, the study recommended that CSR is a strategic tool that should be adopted by Nigerian banks as social obligation to to the shareholders and the host community among others in the course of operating their legitimate businesses.
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| format | Article |
| id | doaj-art-da679610aed4434bbd33bd6c2d3d7c65 |
| institution | Kabale University |
| issn | 2735-9603 |
| language | English |
| publishDate | 2023-11-01 |
| publisher | Kwara State University, Malete Nigeria |
| record_format | Article |
| series | Malete Journal of Accounting and Finance |
| spelling | doaj-art-da679610aed4434bbd33bd6c2d3d7c652025-02-10T23:06:32ZengKwara State University, Malete NigeriaMalete Journal of Accounting and Finance2735-96032023-11-0111CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKSOloruntoba Oyedele0Kwara State University, Malete Corporate Social Responsibility (CRS) is a driving tool for success and a crucial component of organizational performance. The study examines the influence of CSR on the performance of selected Nigerian banks. Purposive sampling technique was used to select 50 Nigerian branch managers; 10 each from Zenith bank, Guaranty Trust bank, First bank, Access bank, and United bank for Africa respectively to constitute the study sample. A structured closed ended questionnaire was also designed; copies of which were administered to solicit opinions from the sampled population of the study. Data analysis was performed with the aid of descriptive statistics, factor analysis, and linear regression. The study established that Nigerian bank managers recognized the importance of CSR and the need to perform their obligations to the stakeholders, both internal and external as well as society at large. The study also confirmed that adoption of CSR by Nigerian banks was influenced by the demands and expectations of other stakeholders as a source of competitive advantage and to comply with government policies. Subsequently, the study recommended that CSR is a strategic tool that should be adopted by Nigerian banks as social obligation to to the shareholders and the host community among others in the course of operating their legitimate businesses. https://majaf.com.ng/index.php/majaf/article/view/26Corporate Social ResponsibilityNigerian BanksPerformanceStakeholder Development |
| spellingShingle | Oloruntoba Oyedele CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS Malete Journal of Accounting and Finance Corporate Social Responsibility Nigerian Banks Performance Stakeholder Development |
| title | CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS |
| title_full | CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS |
| title_fullStr | CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS |
| title_full_unstemmed | CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS |
| title_short | CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATIONAL PERFORMANCE: EVIDENCE FROM NIGERIAN BANKS |
| title_sort | corporate social responsibility and organizational performance evidence from nigerian banks |
| topic | Corporate Social Responsibility Nigerian Banks Performance Stakeholder Development |
| url | https://majaf.com.ng/index.php/majaf/article/view/26 |
| work_keys_str_mv | AT oloruntobaoyedele corporatesocialresponsibilityandorganizationalperformanceevidencefromnigerianbanks |