“Corporate social responsibility and financial performance: evidence of listed financial institutions in ghana”.

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This study aims to assess the relationship between Corporate Social Responsibility (CSR) and Financial Performance among listed financial institutions in Ghana. The research addresses an empirical gap in understanding the nexus between CSR and financial performance in the Ghanaian context. Employing an explanatory research design, the study examines the relationships between variables through a quantitative approach. Secondary data from the Ghana Stock Exchange is used to gather information, with the target population consisting of all publicly listed financial institutions. SPSS software is utilized for data analysis, employing multiple regression analysis to establish relationships between dependent variables (ROE and ROA) and explanatory variables. The study's findings indicate that CSR has a positive impact on Return on Equity (ROE) in the selected companies from 2012 to 2021. However, the impact of CSR on other financial variables, such as Return on Assets (ROA), was found to be insignificant. Based on the study objectives and findings, recommendations are provided to improve efficiencies and financial performance. These include focusing on improving capital structure, intensifying education on implemented CSR initiatives, and increasing transparency and advertising of CSR activities to gain clients' trust. The study highlights the growing influence of CSR in the financial sector within Ghana and Africa as a whole.
A Thesis Submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in Partial Fulfilment of the Requirements for the Award of master of science in accounting and finance