Does CSR Improve Organization Financial Performance? Evidence from Nigeria Using Triangulation Analysis
Zusammenfassung
The study examines the impact of corporate social responsibility (CSR) on organizational
financial performance of some selected banks in Nigeria using time series of annual data of
ten banks over the period of 1990 to 2010. Pearson Correlation coefficient was used to
analyse the correlation that exist between CSR and organization performance while
collected data were regressed using Ordinary Least Square technique. Findings indicate a
positive relationship between CSR cost and Profit after Tax (PAT). The study therefore
recommends that top management in an organization must ensure prudence in its spending
and get committed to any social activity it wants to embark upon and allow the members of
the public to associate such an activity or activities.