The relationship between social responsible investing and sustainable financial performance of commercial Banks in Kenya
Abstract
This study sought to establish whether there is relationship between socially responsible
investment and sustainable financial performance of commercial Banks in Kenya. The
study adopted a descriptive correlation design and targeted all the forty four commercial
banks in Kenya. Self administered questionnaire were used for data collection. The study
used descriptive statistics including mean and standard deviation, correlation and
regression model in data analysis. The study found that there is a positive relationship
between social responsible investment and financial performance of commercial banks in
Kenya. The study also concluded that the banks have special loans for special groups
such as women, the disabled, youth, and aged and religious loans funds as part of SRI
activities. The study also recommended that local banks increase social responsible
investments as it will benefit the needs of the community while improving financial
performance of the bank. The study recommends that banking institutions take up energy
saving strategies that will see the protection of the natural resources within the country.
The study recommends that banks should also offer subsidized rates to investors that seek
to invest in energy saving, environmental and ecological investment
Publisher
University of Nairobi
Description
Thesis