期刊名称：Journal of Emerging Trends in Economics and Management Sciences
电子版ISSN：2141-7024
出版年度：2015
卷号：6
期号：6
页码：377-389
出版社：Scholarlink Resource Centre
摘要：The purpose of this study was to investigate the impact of corporate social responsibility expenditure on the performance of first bank Nigeria plc proxy by profit after tax in Adamawa state from 2001 to 2014. The significance of this paper lies on the fact that it‟s exposed the need for financial institutions to engage in corporate social responsibility expenditure so as to improve their profitability. Data for the study was sourced secondarily, through first bank pamphlets and annual reports. Ordinary Least Square Technique (OLS), AugumentedDikey-Fuller Technique (ADF), Breusch-Godfrey serial correlation LM test and Breusch-Pagan-GodfreyHeteroscedasticity test and Pairwise Granger Causality test were employed in the analysis of the data. The results of OLS revealed that increase in corporate social responsibility expenditure raised the performance of first bank Nigeria plc in Adamawa state. The coefficient of corporate social responsibility expenditure is statistically significant and consistent with the theoretical expectation. The F-statistics value in result of this study indicated that all the parameters of the model are jointly and statistically significant at 1 percent significant level. It is obvious that the performance of first bank Nigeria plc is low susceptible to change in corporate social responsibility expenditure of the bank as shown by their elasticity coefficients in Table 2. The ADF unit root result revealed that all the variables of the model are stationary at 1 per cent and at first diference 1(1). Granger causality result shows that CSR causes the performance of first bank Nigeria plc proxy by profit after tax but profit after tax does not cause CSR. The serial correlation and heteroscedasticity result revealed that there is no serial correlation and no heteroscedasticity in the data used. This study recommended that more attention must be directed towards increasing expenditure on corporate social responsibility in order that meaningful and desire performance of the bank can be achieved in the state.
关键词：corporate social responsibility (CSR); profit after tax; taxation; first bank and productivity
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