Corporate Social Responsibility and Financial Performance of Quoted Deposit Money Banks in Nigeria
The study examined the impact of corporate social responsibility (CSR) on the financial performance of quoted deposit money banks in Nigeria. It analysed the trend of return on capital employed and examined the effect of corporate social responsibility on the return on capital employed of quoted deposit money banks in Nigeria. These were with the view to making significant contribution to the discussion on corporate social responsibility and financial performance of quoted deposit money banks in Nigeria. Descriptive research design was employed to achieve the objective. Purposive sampling technique was used to select the sample. Data were obtained from secondary sources for a period of ten (10) years. Data analysis was done using descriptive statistics and regression statistical technique. The study revealed that CSRS has significant effect on ROCE of the deposit money banks selected during the period of the study. The study reported a significant relationship between corporate social responsibility and financial performance of quoted deposit money banks in Nigeria between 2012 and 2021. It is recommendation that deposit money banks should engage in more corporate social responsibility activities. The communities that benefit in such activities will be encouraged to patronize the banks. Keywords: Corporate social responsibility, Financial Performance, Return on capital employed, Banking Sector.