CORPORATE SOCIAL RESPONSIBILITY REPORTING AND FINANCIAL PERFORMANCE OF GUARANTY TRUST BANK NIGERIA PLC

Abstract The study is to investigate Corporate social responsibility reporting and financial performance of Guaranty Trust Bank Nigeria Plc. The objective was to examine the effect of corporate social responsibility on firms’ financial performance in Guaranty Trust Bank Nigeria Plc. To be in a better position to carry out the research, we reviewed relevant opinions of writers and commentators on the subject matter. The methodology adopted for this research work is the survey method and collected the data for the study through primary source. The research design adopted the research work is the survey method and collected the data for the study through Secondary source. For the purpose of this, thirty-two years (1990-2020) of Guaranty Trust Bank Nigeria Plc. will constitute our target population. The sample size of this research work is twelve years (2010-2020) financial statements of Guaranty Trust Bank Nigeria Plc. Jos. Ordinary least square (OL’S) multiple linear regression method is used for data collection. The findings concluded that, there is significant effect of expenditure on corporate social responsibility on earning per share of banks in Guaranty Trust Bank. There is significant effect of expenditure on corporate social responsibility on gross earnings of banks in Nigeria. The study recommended that, banks should increase their dedication to giving back to the society, by formulating an inclusive framework for CSR expenditure to boost the standard of living of the members of their host communities to a level that their social reputation will engender positive and substantial increase in their financial performance.