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" Corporate Social Responsibility and Organisational Performance of Selected Nigerian Banks and Manufacturing Firms "
Olanipekun, Wahid Damilola
AbdulRaheem, Issa
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1105577
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| Doc. No
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TLpq2315118851
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| Main Entry
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AbdulRaheem, Issa
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Olanipekun, Wahid Damilola
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| Title & Author
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Corporate Social Responsibility and Organisational Performance of Selected Nigerian Banks and Manufacturing Firms\ Olanipekun, Wahid DamilolaAbdulRaheem, Issa
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| College
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Kwara State University (Nigeria)
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| Date
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2019
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| student score
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2019
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| Degree
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Ph.D.
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| Page No
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175
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| Abstract
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The interest in Corporate Social Responsibility (CSR) has grown rapidly given the intense pressure brought by stakeholders globally on the utilisation of resources in line with the principles of sustainable development. This has increased the need for organisations to integrate and balance economic, social and environmental bottom lines in pursuit of their organisational objectives. This study examined the relationship between CSR and Organisational Performance (OP) in selected Nigerian banks and manufacturing firms. The study in its exploratory nature adopted a cross sectional survey design. The sampling technique adopted was both stratified and purposive sampling. Five banks and five manufacturing firms were selected for the study. The study adopted a triangulation analysis through the combination of qualitative and quantitative methods. Primary data were gathered with the aid of structured questionnaire. 384 copies of questionnaire were administered to employees of the selected companies out of which only 305 copies of questionnaire were found to be useful for data analysis. Secondary data were gathered from published annual reports and accounts of the selected companies as well as CSR sustainability reports. Partial Least Square Structural Equation Model was used to investigate the relationship between CSR and OP while Mann Whitney U Test was used to examine if there are differences in the CSR practices of selected banks and manufacturing firm. The analysis of qualitative data was done using content and thematic analysis of CSR sustainability reports. Findings revealed that there is significant relationship between CSR and financial performance as the result indicated that the predicted hypotheses were able to explain 54.8% of the model (R2 = .548, & P <0.05). Also, there is a significant relationship between CSR and market performance (R2 = .537, & P < 0.05). Similarly, there is a significant relationship between CSR and employee performance (R2 = .525, & P < 0.05). Also, there is no significant difference in the CSR practices of selected Nigerian banks and manufacturing firms. The probability values (p) for economic (0.060), social (0.069) and environmental (0.074) were all found to be higher than 0.05. The findings further revealed that the patterns of CSR sustainability reporting of the sampled firms were in consonance with the triple bottom line. The study concluded that CSR significantly impacts on financial, employee and market performance of selected firms. The study recommended that there is need for the enshrinement of the CSR philosophy in all organisations in order to continually improve their overall performance.
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African studies
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Banking
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Management
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Organizational behavior
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