Abstract
This study investigates the impact of corporate social responsibility (CSR) on financial performance of banks on the Ghana Stock Exchange from 2019-2023. The research used a descriptive approach and the panel data regression analysis to examine how social, environmental, and economic dimensions of CSR influence Return on Assets (ROA), Capital Adequacy Ratio (CAR) and Return on Equity (ROE). The results indicate significant positive link between social and environmental dimensions of CSR and both ROA and ROE, which aligned with both the stakeholder and the resource-based view (RBV) theories as these theories talk about serving the interest of stakeholders and efficient allocation of resources respectively will increase firms’ success. The findings suggest any active engagement in these CSR areas enhance bank profitability. The study recommends that banks integrate CSR strategies into their core operations, improve stakeholder engagement and increase transparency in CSR reporting to leverage CSR as a competitive advantage.
Recommended Citation
Dumah, Musah and Boateng, Juliet Yaa
(2026)
"A Quantitative Analysis of Corporate Social Responsibilities in Ghana,"
Business Management Review: Vol. 28:
No.
2, Article 11.
Available at: https://doi.org/10.56279/bmrj.v28i2.1012