CSR and financial performance parameters of DBBL: An empirical analysis (original) (raw)
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CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE OF SELECTED QUOTED COMPANIES IN NIGERIA
This study examines the relationship between corporate social responsibility and financial performance of quoted companies in Nigeria. There is a crying need for an in-depth study into the quality, extent of corporate social responsibility (CSR) disclosure and identification of areas for future improvement so that transparency can be ensured, especially in developing countries like Nigeria where CSR practices are limited. Five research hypotheses were formulated for the study and some of the specific objectives are to determine the relationship between corporate social responsibility disclosure and return on assets; and to determine the relationship between corporate social responsibility disclosure and return on equity. The study made use of ex-post facto research design. The sample of the study comprises of thirty companies quoted in various sectors of the Nigerian stock exchange. Data analysis were analysed using multiple regression, with the aid of SPSS version 22. The findings of the study revealed a positive relationship between corporate social responsibility disclosure and return on assets in Nigerian quoted companies. Consequent upon this study, it was recommended among others that the issue of corporate social responsibility should be part of the corporate mission and strategy statements and not just be regarded as a philanthropic exercise.
Department of Banking Faculty of Business …
This paper investigates the changing trend and structure of credit flows in Bangladesh based on the credit provided by the scheduled banks of Bangladesh. We observe the trend to be positive in the agriculture, fishery and forestry financing in the form of advance in different phases throughout the observation period. Almost all the scheduled banks have shown a positive trend in financing industrial production in the form of manufacturing advances or industrial advances. Though in low magnitude, Bangladeshi economy is becoming more inclined to the industrial production which is manifested by the increasing share of manufacturing in the GDP. It is indicative of the more popular economics cliché-structural transformation. Almost all the banks have shown leniency in providing the working capital financing. Tremendous growth has been envisaged in the constructional advance by almost all the scheduled banks. Advances provided by all the scheduled banks in electricity, gas, water and sanitary services did not show any smooth trend. Except, NCBs and DFIs, an uptrend in advances in transportation and communication is envisaged by all the banks. In this decade, although huge demand was there, the trend in financing the storages facility is downward. From early 2000, huge take off has been witnessed in financing the trade by all the scheduled banks. The double digit growth in total advances by all the scheduled banks together in the last few years has been quite robust considering the robustness of the amount.
Department of Banking Faculty of Business …
This paper investigates the changing trend and structure of credit flows in Bangladesh based on the credit provided by the scheduled banks of Bangladesh. We observe the trend to be positive in the agriculture, fishery and forestry financing in the form of advance in different phases throughout the observation period. Almost all the scheduled banks have shown a positive trend in financing industrial production in the form of manufacturing advances or industrial advances. Though in low magnitude, Bangladeshi economy is becoming more inclined to the industrial production which is manifested by the increasing share of manufacturing in the GDP. It is indicative of the more popular economics cliché-structural transformation. Almost all the banks have shown leniency in providing the working capital financing. Tremendous growth has been envisaged in the constructional advance by almost all the scheduled banks. Advances provided by all the scheduled banks in electricity, gas, water and sanitary services did not show any smooth trend. Except, NCBs and DFIs, an uptrend in advances in transportation and communication is envisaged by all the banks. In this decade, although huge demand was there, the trend in financing the storages facility is downward. From early 2000, huge take off has been witnessed in financing the trade by all the scheduled banks. The double digit growth in total advances by all the scheduled banks together in the last few years has been quite robust considering the robustness of the amount.
American Journal of Business and Society, 2019
This study examines the impact of corporate social responsibility on financial performance of listed non-financial services companies in Nigeria. The study used ex-post factor research design and utilized secondary data collected from the annual report and accounts of twenty three (23) sampled listed non-financial services companies in Nigeria for a period of 10 years (2008-2017). The sample of the study was arrived at using census sampling technique in which all the elements of the population were used for the study. The data were analyzed using descriptive statistics, correlation and regression analysis (GLS Fixed Effect) with the aid of Stata Version 14.0. Robustness tests, namely multicollinearity, heteroscedasticity, normality of residuals, Hausman specification and F-Test were conducted to validate the results. The finding of the study reveals that CSR has significant positive impact on financial performance. The study concludes that financial performance of listed companies in Nigeria can be enhanced through engaging in socially responsible investments. The study therefore, recommends among others that for an increased financial performance, listed firms in Nigeria after an industry examination should intensify more efforts in carrying out their CSR which can serve as a source of competitive advantage. Also, Securities and Exchange Commission (SEC) should come up with Social Disclosure Index (SDI) and make it mandatory for companies to comply with, which will encourage them to engage in socially responsible investments.
In recent years, companies face increasing pressure from governments, competitors, and employees to play a role in addressing several environmental, social or governance issues. Most companies are responding to this need by developing Corporate Social Responsibility (CSR) programs or sustainability initiatives to fulfill this role. This paper discusses the development of the CSR programs within a strategic context and the linkage between the CSR activities and financial performance. Moreover, it investigates several metrics and indicators for the measurement of the financial impact of CSR activities and their valuation. This paper discusses the results of an exploratory survey of Greek companies from several industries. It discusses the CSR practices and expectations, the motives for implementing it, and evaluates post-implementation experiences. It also investigates the measurement of CSR activities and their impact in their financial performance. The results show that Greek companies who lack a clear strategy towards CSR do not invest much of their rescources in the measurement of these initiatives and that sometimes they do not have the systems to gather the needed data in order to assess these activities. However, they use operational or social indicators to monitor their CSR performance, and they have not yet developed relevant metrics to monitor the financial impact of their CSR activities. Companies that have a strategic perspective in the development of their CSR program are in position to better measure the impact of the relevant program.
The aim of this study was to examine empirically the impact of corporate governance mechanisms on firm financial performance using listed firms in Nigeria as case study for two years 2010 and 2011. The study adopted a content analytical approach to obtain data through the corporate website of the respective firms and website of the Securities and Exchange Commission. A total of 33 firms were selected for the study cutting across three sectors: manufacturing, financial and oil and gas. The result of the study showed that most of the corporate governance items were disclosed by the case study firms. The result also showed that the banking sector has the highest level of corporate governance disclosure compared to the other two sectors. The result thus indicates that the nature of control over the sector have an impact on companies’ decision to disclose online information about their corporate governance in Nigeria; and that there were no significant differences among firms with low corporate governance quotient and those with higher corporate governance in terms of their financial performance. The result also suggests an existence of variations between sectors with respect to their corporate governance reporting. Thus among others the study recommends that deliberate steps be taken in mandatory compliance with SEC code of best practice for all sectors in Nigeria. Furthermore, deliberate efforts should be made in setting up a follow-up and compliance team to make sure that all firms across Nigerian sectors do not only comply but meet up with the different expectations of the regulatory body as mandated in the code of corporate governance. ____________________________________________________________________ Keywords: Corporate Governance, Financial Performance, Nigeria, Listed Firms
Impact of CSR on Financial Performance of Banks: A Case Study
Journal of Accounting and Finance in Emerging Economies, 2019
The aim of current study is to investigate the impact of CSRRI on bank's financial performance. For this purpose, ROA, EPS and PAT are taken as proxies for measuring bank's financial performance by using time series and panel data. The time span is from 2004 to 2017. The current study used HBL and MCB bank for analysis. The dependent variables are ROA, EPS and PAT while independent variables are CSRRI and bank size. To estimate the model, the current study used quantitative data to analyse the results by using descriptive analysis, correlation analysis, and multiple regression analysis. The findings of the current study revealed that the slope coefficient of intercept and CSRRI are positive except bank size which is negative in three models. In short, the CSRRI can Further, CSR reporting may provide welfare for both banks and econometric models suggests that socially responsible banks can not only attract large numbers of customers but also increases profitability.
HOW TO INCREASE BRAND TRUST ON ISLAMIC BASED SCHOOL IN PURWOKERTO CITY, INDONESIA
Indonesia is a country with the fourth largest population in the world of over 234 million people (Central Board of Statistics, 2010) where 87% of them are Muslims. The condition demands for professional management of Muslim worships, in order to meet the need of spiritual value to be achieved as expected. Supporting facilities and infrastructure facilities, either in the form of a place of worship, Islamic callings (ةوعدلا) activities, socio-civic institutions, including Islamic schools, should be able to meet the spiritual needs of the adherents of the majority religion in this country. The demand of parents who want their children not only to master the cognitive aspects of Islam, but also to have an Islamic noble character, have made some education practitioners open some schools with Islamic based education. Parents/guardians have an important role in deciding schools choice for their children. The trust on the schools affects their decision to choose the Islamic based schools. Some studies show that marketing managers have to give attention to increase brand trust of the service products, including education services. This study aims at determining the effect of brand characteristics, customer’s brand characteristics, and organizational characteristics of the brand trust, either simultaneously or partially, as well as their influences. This study uses explanatory approach, which finds the factors that affect confidence in the brands of the schools. The population is taken by using the census of the parents/guardians of the students of Islamic based schools in Purwokerto and giving questionnaires to 145 respondents, while the method of data analysis is analysis of the path (path analysis). The brand characteristics, customer’s brand characteristics, and organizational characteristics on brand trust is influenced by both direct and indirect impact on Islamic Based School in Purwokerto. Manager of Islamic Based School should give attention on these factors that affect brand trust. Keywords: Brand Characteristics, Customer’s Brand Characteristics, Organizational Characteristics and Brand Trust, Islamic Schools