The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc

Murtala Zakari

doi:doi:10.11648/j.jfa.20170504.18

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The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc

Murtala Zakari

Published in Journal of Finance and Accounting (Volume 5, Issue 4)

Received: 9 May 2017 Accepted: 22 May 2017 Published: 26 July 2017

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Abstract

This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data were obtained from Dangote’s annual sustainability reports and accounts for the period of 2012-2016 and analyzed using content analysis such as tables, percentages and using the trend line analysis to get the linear correlation coefficient (R-square). Findings from the analysis show that there is a positive relationship between CSR investment and profitability. Thus, Revenue shows 67.81% degree of positive relationship, profit after tax (PAT) depicts 54.28% degree of positive relationship and 60.79% is attributed to the degree of positive relationship between Earning per share (EPS) and CSR investment of Dangote cement Plc within the observed period (2012-2016). The study concludes that Dangote’s CSR investment is positively correlated with the profitability performance indicators.

Published in	Journal of Finance and Accounting (Volume 5, Issue 4)
DOI	10.11648/j.jfa.20170504.18
Page(s)	171-176
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2017. Published by Science Publishing Group

Keywords

CSR, Profitability, Revenue, PAT, EPS, Dangote

References

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Murtala Zakari. (2017). The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. Journal of Finance and Accounting, 5(4), 171-176. https://doi.org/10.11648/j.jfa.20170504.18

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ACS Style

Murtala Zakari. The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. J. Finance Account. 2017, 5(4), 171-176. doi: 10.11648/j.jfa.20170504.18

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AMA Style

Murtala Zakari. The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. J Finance Account. 2017;5(4):171-176. doi: 10.11648/j.jfa.20170504.18

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@article{10.11648/j.jfa.20170504.18,
  author = {Murtala Zakari},
  title = {The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {4},
  pages = {171-176},
  doi = {10.11648/j.jfa.20170504.18},
  url = {https://doi.org/10.11648/j.jfa.20170504.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170504.18},
  abstract = {This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data were obtained from Dangote’s annual sustainability reports and accounts for the period of 2012-2016 and analyzed using content analysis such as tables, percentages and using the trend line analysis to get the linear correlation coefficient (R-square). Findings from the analysis show that there is a positive relationship between CSR investment and profitability. Thus, Revenue shows 67.81% degree of positive relationship, profit after tax (PAT) depicts 54.28% degree of positive relationship and 60.79% is attributed to the degree of positive relationship between Earning per share (EPS) and CSR investment of Dangote cement Plc within the observed period (2012-2016). The study concludes that Dangote’s CSR investment is positively correlated with the profitability performance indicators.},
 year = {2017}
}

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TY  - JOUR
T1  - The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc
AU  - Murtala Zakari
Y1  - 2017/07/26
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170504.18
DO  - 10.11648/j.jfa.20170504.18
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 171
EP  - 176
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170504.18
AB  - This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data were obtained from Dangote’s annual sustainability reports and accounts for the period of 2012-2016 and analyzed using content analysis such as tables, percentages and using the trend line analysis to get the linear correlation coefficient (R-square). Findings from the analysis show that there is a positive relationship between CSR investment and profitability. Thus, Revenue shows 67.81% degree of positive relationship, profit after tax (PAT) depicts 54.28% degree of positive relationship and 60.79% is attributed to the degree of positive relationship between Earning per share (EPS) and CSR investment of Dangote cement Plc within the observed period (2012-2016). The study concludes that Dangote’s CSR investment is positively correlated with the profitability performance indicators.
VL  - 5
IS  - 4
ER  -

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Author Information

Murtala Zakari

Post Graduate School of Accounting and Finance, Leeds Beckett University, Leeds, UK

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APA Style

Murtala Zakari. (2017). The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. Journal of Finance and Accounting, 5(4), 171-176. https://doi.org/10.11648/j.jfa.20170504.18

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ACS Style

Murtala Zakari. The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. J. Finance Account. 2017, 5(4), 171-176. doi: 10.11648/j.jfa.20170504.18

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AMA Style

Murtala Zakari. The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc. J Finance Account. 2017;5(4):171-176. doi: 10.11648/j.jfa.20170504.18

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@article{10.11648/j.jfa.20170504.18,
  author = {Murtala Zakari},
  title = {The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc},
  journal = {Journal of Finance and Accounting},
  volume = {5},
  number = {4},
  pages = {171-176},
  doi = {10.11648/j.jfa.20170504.18},
  url = {https://doi.org/10.11648/j.jfa.20170504.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20170504.18},
  abstract = {This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data were obtained from Dangote’s annual sustainability reports and accounts for the period of 2012-2016 and analyzed using content analysis such as tables, percentages and using the trend line analysis to get the linear correlation coefficient (R-square). Findings from the analysis show that there is a positive relationship between CSR investment and profitability. Thus, Revenue shows 67.81% degree of positive relationship, profit after tax (PAT) depicts 54.28% degree of positive relationship and 60.79% is attributed to the degree of positive relationship between Earning per share (EPS) and CSR investment of Dangote cement Plc within the observed period (2012-2016). The study concludes that Dangote’s CSR investment is positively correlated with the profitability performance indicators.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - The Relationship Between Corporate Social Responsibility and Proﬁtability: The Case of Dangote Cement Plc
AU  - Murtala Zakari
Y1  - 2017/07/26
PY  - 2017
N1  - https://doi.org/10.11648/j.jfa.20170504.18
DO  - 10.11648/j.jfa.20170504.18
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 171
EP  - 176
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20170504.18
AB  - This study seeks to find out the relationship between corporate social responsibility (CSR) investment and profitability of Dangote Cement Plc using secondary data. The study assesses the impact of CSR investment on Dangote’s increase in revenue, profit after tax (PAT), and earnings per share (EPS) over a period of 5years. To achieve this, data were obtained from Dangote’s annual sustainability reports and accounts for the period of 2012-2016 and analyzed using content analysis such as tables, percentages and using the trend line analysis to get the linear correlation coefficient (R-square). Findings from the analysis show that there is a positive relationship between CSR investment and profitability. Thus, Revenue shows 67.81% degree of positive relationship, profit after tax (PAT) depicts 54.28% degree of positive relationship and 60.79% is attributed to the degree of positive relationship between Earning per share (EPS) and CSR investment of Dangote cement Plc within the observed period (2012-2016). The study concludes that Dangote’s CSR investment is positively correlated with the profitability performance indicators.
VL  - 5
IS  - 4
ER  -

Copy | Download