CORPORATE SOCIAL RESPONSIBILITY AND ORGANIZATION PERFORMANCE

ABSTRACT

This research delves into investigating the influence of Corporate Social Responsibility (CSR) on Organization Performance. Despite considerable interest in the relationship between corporate social responsibility (CSR) and Organization performance, prior studies have been limited particularly in developing countries like Nigeria, where the concept of corporate social responsibility has not been properly understood by most Organization s. The study’s target population was the financial institutions listed on the Nigerian Exchange Group (NGX) as at 31st December, 2022. The sample size was precisely all the listed registered commercial banks. These banks include Access Bank, Eco Bank, Fidelity Bank, First Bank, First City Monument Bank, Guaranty Trust Bank, Stanbic IBTC Holding, Sterling Bank, Union Bank, United Bank for Africa, Unity Bank, Wema Bank and Zenith Bank. A casual research design was employed. The ordinary Least Square (OLS) regression with the aid of EViews version 10 software packages was used to analyze the data to access the effect of corporate Social responsibility (CSR) on Organization performance. The research reveals a positive association between Economic Dimension of Corporate Social Responsibility and Organization Performance and a negative association between the Social and Environmental Dimension on Organization Permanence. As a result, the study recommends that Organization s should ensure that corporate social responsibility initiatives align with the Organization’s core values and business strategy. This alignment creates a cohesive approach that integrates social responsibility into the company's overall mission. Conclusively, this study asserts that corporate social responsibility when coupled with an effective corporate social responsibility (Economic, Social and Environmental) disclosure have a significant effect on Organization performance.