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Nexus Between Social Dimension and Financial Performance: a Bidirectional Study of the Nigerian Banking Industry Dare John Olateju; Olakunle Abraham Olateju
International Journal of Business Studies Vol 7 No 2 (2023): International Journal of Business Studies
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v7i2.265

Abstract

The study of CSR is gaining prominence because it is a critical component of business strategy that cannot be downsized due to its continued relevance to critical environmental, social, and governance impacts on our present world. The article mirrors the CSR implementation of Nigerian banks and its implication on their financial performance through the lens of legitimacy theory and vice versa. To know the financial indicator that determines the level of CSR performance. A panel data design was used to collect, arrange and analyse data. In other to regress the relationship between the social dimension of CSR and financial performance, we regress social dimension with PAT, EPS, and ROA using multivariate linear regression after taking into consideration all the relevant assumptions. The findings reveal that the social dimension has a positive relationship with PAT, EPS, and ROA. While social dimension shows a significant relationship between PAT and EPS but no significant relationship with ROA. PAT appeared to be a better predictor among the three financial predictors considered. To increase earnings, the findings suggest that firms can increase their social spending. As a single-case study, the findings may not be adequate for theoretical generalizations and therefore limited to the context of the study. This study adds to and expands the assumptions of legitimacy theory constructs by rethinking and exploring new assumptions in the context of the social dimension of CSR within the context of a developing country. It brings the theory to practice on strategic use of social dimension
Sustainability trade theory: institutional pathways to export growth in Sub-Saharan Africa Dare John Olateju
International Journal of Business Studies Vol. 10 No. 2 (2026): International Journal of Business Studies
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v10i2.432

Abstract

Trade openness is widely regarded as a driver of economic growth, yet its contribution to sustainable development in resource-dependent, climate-vulnerable economies remains ambiguous. In Sub-Saharan Africa (SSA), increased trade integration often coincides with environmental degradation, volatile exports, and weak value creation, highlighting a gap in conventional trade–environment frameworks. This study introduces Sustainability Trade Theory (STT), a novel institutional framework that explicates how environmental sustainability, trade openness, and institutional quality interact to shape long-term export performance. STT identifies three key mechanisms: the green competitiveness mechanism, whereby environmentally efficient firms gain latent export advantages; the policy amplification mechanism, in which institutions translate these latent advantages into realized trade outcomes; and the resilience-to-volatility mechanism, which stabilizes export performance against climatic and market shocks. Using SSA economies as the empirical context, STT generates testable hypotheses linking carbon and energy intensity, forest preservation, sustainability ratings, and trade openness to export value. The theory further highlights feedback loops, including a degradation-trap, through which environmental neglect undermines institutional capacity and export growth. By integrating ecological constraints, institutional endogeneity, and trade dynamics, STT provides a unified explanation for divergent export outcomes and offers actionable insights for policymakers seeking to convert trade liberalization into sustainable, resilient growth. The findings underscore that trade openness alone is insufficient; strategic, sustainability-oriented institutional interventions are essential to achieving environmentally responsible export-led development in SSA.