Corporate Social Responsibility Disclosures and Performance of Listed Nigerian Money Deposit Banks
This study analyzes how corporate social responsibility disclosures affect Nigerian listed Deposit Money Banks (DMBs) performance. Expo facto research design was employed. DMBs performance was proxied by ROA, TQ and Revenue growth (RevG), while CSR disclosure was represented by CSR Index adapted from Carol’s model. All DMBs Quoted as of December 2022, on the Nigerian Exchange constitute the study's population. The study used a ten -year data drawn from the audited financial statement of the sampled DMBs spanning from 2011-2022 making 120 observations, using purposive sampling technique, based on criteria such as availability of data and size of banks. Multiple regression analysis was used to analyze the data. The study output depicted that CSR disclosures has an influential direct positive effect on the return on assets and Tobin’s Q of listed Nigerian DMBs but found that CSR disclosures has an indirect negative infinitely small effect on the RevG of the Nigerian listed DMBs. The study therefore recommends that banks should boost their commitment to CSR initiations by employing the service of financial management experts for appropriate CSR that improve stakeholders return and value. Organizational Management should also focus on selective, tested and quality CSR that `improves turnover. Keywords: Corporate Social Responsibility, CSR Reporting. Performance, Return on Asset, Revenue growth.