IDEAS home Printed from https://ideas.repec.org/a/apb/jabsss/2019p37-46.html
   My bibliography  Save this article

Effect of corporate social responsibility on enterprise value of deposit money bank in Nigeria

Author

Listed:
  • Dauda Ibrahim Adagye

    (Department of Accountancy, Nasarawa State Polytechnic, Lafia, Nasarawa State Nigeria)

  • Dauda Musa Ibrahim

    (Department of Accountancy, Nasarawa State Polytechnic, Lafia, Nasarawa State Nigeria)

Abstract

This study sought to determine the effect of Corporate Social Responsibility (CSR) (i.e., Environmental Expenditure (EE), Community Expenditure (CE), and Employee Expenditure (EmE) on Enterprise Value (EV), with particular reference to quoted deposit money banks in Nigeria. The study adopted the correlational design, and a population of 21 banks was considered. Out of this population, 15 banks were sampled through the purposive method. Panel regression was used to analyze the data, which were collected from annual financial reports of the sampled banks. The results of the analysis indicated that, overall, CSR’s effect on enterprise value is statistically significant; meaning that corporate social responsibility expenditure has significant effect or association with enterprise value (i.e., EV). The study recommended that banks in Nigeria should maintain, and possibly increase their CSR expenditure rather than looking to reduce or even eliminate it as they seek to cut down on their business cost. This is because of the likely negative effect it might have on their business in the long run as documented by the outcome of this study.

Suggested Citation

  • Dauda Ibrahim Adagye & Dauda Musa Ibrahim, 2019. "Effect of corporate social responsibility on enterprise value of deposit money bank in Nigeria," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 5(1), pages 37-46.
    • Handle: RePEc:apb:jabsss:2019:p:37-46
    DOI: 10.20474/jabs-5.1.4
    as

    Download full text from publisher

    File URL: https://tafpublications.com/platform/Articles/full-jabs5.1.4.php
    Download Restriction: no
    File URL: https://tafpublications.com/gip_content/paper/Jabs-5.1.4.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.20474/jabs-5.1.4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ketrudee Ketsiri & Paiboon Pajongwong, 2016. "Knowledge and Understanding of Accountants Toward Rules forCalculating Net Income for Corporate Income Tax by Section 65 ter inThailand," International Journal of Business and Economic Affairs (IJBEA), Sana N. Maswadeh, vol. 1(1), pages 67-73.
    2. Iman M Arafa Mohamed & Wafaa Salah, 2016. "Investigating corporate social responsibility disclosure by banks from institutional theory perspective," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 2(6), pages 280-293.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ali Meftah Gerged & Eshani S. Beddewela & Christopher J. Cowton, 2023. "Does the quality of country‐level governance have an impact on corporate environmental disclosure? Evidence from Gulf Cooperation Council countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1179-1200, April.
    2. Asep Alipudin & Harry Suharman, 2019. "The effect of corporate social responsibility and corporate governance on company’s performance," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 5(1), pages 13-25.
    3. Rabiha Hassan, 2018. "Exploring the association of corporate social responsibility and employees’ organisational citizenship behaviour: A study in Pakistan," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 4(1), pages 27-40.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apb:jabsss:2019:p:37-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Professor Dr. Usman Raja (email available below). General contact details of provider: https://tafpublications.com/platform/published_papers/9 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.