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RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY AND FINANCIALPERFORMANCE OF COMMERCIAL BANKS IN KENYA LISTED IN THE NAIROBI STOCKEXCHANGEBYMUNENE ANTONY NJAGIBE100/G/1136/15RESEARCH PROJECT REPORT SUBMITTED IN PARTIAL FULFILLMENT OF THEREQUIREMENT FOR THE AWARD OF BACHELOR OF COMMERCE OF KIRINYAGAUNIVERSITY.@ NOVEMBER 2018
DECLARATIONDeclaration by the StudentThis research proposal is my original work and has not been presented to any other examination body.Sign…...............................................................Date……………...........................................MUNENE ANTONY NJAGIBE100/G/1136/15This is to certify that this project proposal has been submitted with my approval as the universitysupervisors,Sign___________________________ Date________________________Dr.GITAU
DEDICATIONThis project is dedicated to the individuals who went the extra mile to see me through. I dedicate thisproject to my parents for the moral and financial support in upbringing and supporting a loving son,brothers and sisters and my University supervisor Dr. Gitau for the endless support in doing this work.Special dedication goes to the Almighty God.
ACKNOWLEDGEMENTSI wish to thank the Almighty God for his favor, mercy, provision and protection throughout thisjourney. Indeed, you appoint time for each and every success. Thank you for seeing me throughI wish to profoundly thank my Supervisor, Dr. Gitau for his steadfast support, guidance andencouragement during the entire period. He was influential in shaping my views concerning therelationship between corporate social responsibility and financial performance of commercial banksin Kenya. His suggestions and recommendations have helped to reach this far in writing this project.. My gratitude goes to all my lecturers who successfully took me through the course units and in thesame breadth provided advice that proved invaluable in achieving my goalsSpecial thanks are extended to my parents, family and friends for their endurance, unfailing support,continued encouragement, and understanding
ABSTRACTThe concept of corporate social responsibility has prevailed since time immemorial and has for a longtime paved way for organizations’ to have moral, ethical, and philanthropic responsibilities in additionto their responsibilities to earn a fair return for investors and comply with the law. For a long time,corporate social responsibility has raised issues on who actually benefits from the CSR initiatives.Business analysts have documented that CSR benefits the organization by pushing the business to thenext level while at the same time benefiting the society. CSR has been associated with financialperformance for organizations but this area has not been well researched. The main objective of thisstudy was to assess the effects of corporate social responsibility programs on organizations’ financialperformance in Kenya. The purpose of the study is to help both private and public companies torealize the need of establishing CSR for achievement of the competitive advantage and improvedperformance. The study used descriptive design and the target population was eleven Chief Finance