Author(s): Tapang, A.T., Uklala, A.P., Mbu-Ogar, G.B., Obo, E.B., Efiong, E.J., Usoro, A.A., Lebo, M.P., & Anyingang, R.A.
The study looked at the role of corporate social responsibility in mediating the link between corporate governance and financial performance. Data obtained from secondary sources were analyzed using the partial least square techniques employing an ex-post facto research approach. The structural equation modeling approach was adopted and the results revealed that corporate social responsibility has an insignificant effect on corporate governance. It also revealed that corporate social responsibility has a significant effect on financial performance. Additionally, the results showed that corporate governance has a significant effect on financial performance. Furthermore, the research found that corporate social responsibility has no role in mediating the relationship between corporate governance and financial performance. Conclusively, the study suggests that corporate social responsibility does not play any role in mediating the link between corporate governance and financial performance. The study suggests that a unified corporate organization be established with the purpose of collecting and compiling corporate governance-related data and developing relevant indices to aid corporate governance investigation in Nigeria. Corporate social responsibility initiatives should be recognized using acceptable methods. Banks should plan carefully in order to fulfill their corporate responsibility obligations, ensuring that their lending and investment strategies do not encourage environmentally perilous business activity or waste pollution. Banks financial performance does not improve solely as a result of corporate governance and corporate social responsibility. There is still a slew of other things to keep an eye on. As a result, if the banks wish to increase their financial performance, other techniques such as sustainability modernization and incessant enhancement must be implemented.