Description
Abstract
The study evaluates the Impact of Corporate Social Responsibility on Profitability in the Nigerian Banking Industry with reference to First Bank of Nigeria Plc. The study helps to identify the usefulness of corporate social responsibilities (CRS) to public and private-owned enterprises. The objective of the study was achieved from First Bank of Nigeria Plc financial statement and annual report data collected were tabulated and analyzed with SPSS version 17.0. The main findings of this research show that there is a positive relationship between Corporate Social Responsibility and profitability and that there is a positive strong relationship between the bank and CSR. It also depicts that Corporate Social Responsibility has a significant impact on the profitability of the bank. It was recommended that corporate organizations should intensify efforts to educate the public on their primary responsibilities, various commitments to other stakeholders and operational financial limitations. By doing so, the public will begin to show understanding and appreciation of the efforts and contributions of such organizations. This would stem cases of incessant bashing with its accompanying damages.
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