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Effect Of Corporate Social Responsibility On Profitability Of Listed Deposit Money Banks In Nigeria
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4.6 Summary of Findings
The regression results in Tables 11, 12 and 13 show that corporate social responsibility has positive and significant effects on net profit margin (NPM), return on total assets (ROTA) and return on equity (ROE). For example, Table 11 shows a t-value of 23.21 and p-value of 0.000 which suggests that corporate social responsibility has a high significant effect on net profit margin. Also, Table 11 shows that for every one unit increase in corporate social responsibility, there is 0.0553965 increases in net profit margin. In addition, the table shows that R2 is 0.7225, which suggests that about 72.3% of the variation in net profit margin is explained by corporate social responsibility.
Similarly, Table 12 shows a t-value of 31.322 and p-value of 0.000 which suggests that corporate social responsibility has a high significant effect on return on total assets. Also, Table 12 shows that for every one unit increase in corporate social responsibility, there is 0.030 increases in net profit margin. In addition, the table shows that R2 is 0.951, which suggests that about 95.1% of the variation in return on total assets is explained by corporate social responsibility, size and interest rate.
Finally, Table 13 shows a t-value of 6.470 and p-value of 0.000 which suggests that corporate social responsibility has a high significant effect on return on equity. Also, Table 13 shows that for every one unit increase in corporate social responsibility, there is 0.009 increases in return on equity. In addition, the table shows that R2 is 0.908, which suggests that about 91% of the variation in return on total assets is explained by corporate social responsibility, size and interest rate.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTAlthough an enormous body of literature has emerged concerning the nexus between corporate social responsibility and profitability, actual empirical research designed to test the multitude of definitions, propositions, concepts and theories that have been advanced has produced mix results. In addition, much of the research done in the area has been incomplete and simplistic in methodology and epistemology. Many of the methodological quagmires in studying the nexus between corporate socia ... Continue reading---
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTAlthough an enormous body of literature has emerged concerning the nexus between corporate social responsibility and profitability, actual empirical research designed to test the multitude of definitions, propositions, concepts and theories that have been advanced has produced mix results. In addition, much of the research done in the area has been incomplete and simplistic in methodology and epistemology. Many of the methodological quagmires in studying the nexus between corporate socia ... Continue reading---