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CORPORATE SOCIAL RESPONSIBILITY AND FIRM PERFORMANCE: A STUDY OF LISTED FIRMS IN NIGERIA

Umoren, A. O. and Ogbari , M. E. and Atolagbe, Tolulope Morenike, (2016) CORPORATE SOCIAL RESPONSIBILITY AND FIRM PERFORMANCE: A STUDY OF LISTED FIRMS IN NIGERIA. In: ICAN 2nd Annual International Academic Conference on Accounting and Finance, 18th to 20th May, 2016, Lagos.

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Abstract

This study investigated the Corporate Social Responsibility (CSR) disclosure practices of Nigerian quoted companies and their determinants. A checklist of 20 attributes was developed to capture the social and environmental disclosures from the annual reports of 45 companies from 8 sectors quoted on the Nigerian Stock Exchange over a two-year period (2013 to 2014). The determinants of disclosure were proxied by company size, profitability and auditor type. Company size was measured by total assets, profitability was measured by return on equity (ROE), and auditor type was measured by a dummy variable, ‘1‘ for Big 4 and ’0‘ for otherwise. The data obtained were analysed using descriptive statistics, correlation and regression. The findings revealed that, the level of CSR was 44%, made up of social disclosure (68%) and environmental disclosure (6%). Findings also revealed that CSR was influenced by company size and auditor type; but not by profitability. This paper recommends a mandatory CSR reporting framework in line with international best practice for all listed companies in Nigeria

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: corporate social responsibility, firm performance, annual reports
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 30 Aug 2017 09:57
Last Modified: 30 Aug 2017 09:57
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8990

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