EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON PROFITABILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

ABSTRACT This research examined he effect of Corporate Social Responsibly on Profitability of Listed Deposit Money Banks in Nigeria.. The objective of this study was to examine the effect of corporate social responsibility on the net profit margin of listed deposit money banks in Nigeria; also to examine the effect of corporate social responsibility on the return on total assets of listed deposit money banks in Nigeria among others. The ex-post research design was adopted for the study The data for the study is secondary in nature and were collected through the Nigerian Stock Exchange administration or the conglomerates website. The population of the study consists of four (4) listed deposit money banks in Nigeria which are; Access Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and First Bank of Nigeria, These banks were selected using purposeful sampling. Regression analysis was used in analyzing the data. The study found that there is no significant effect of corporate social responsibility on the net profit margin, there is no significant effect corporate social responsibility on the return on total assets and there s no significant effect of corporate social responsibility return on equity of listed deposit money banks in Nigeria. The study recommends that Government needs to establish agency that will monitor the social responsibility of corporate organizations, in order to oversee the compliance of CSR policies and prosecute organizations that are socially irresponsible, law should be enacted that will fix minimum percentage out of profit of organization that should spend on corporate social responsibility