Firms' performance and corporate social disclosures: cross-sectional evidence of Nigerian firms

Olayinka Moses, Ulan Victoria Jatau, Janet Oyemine Modupe Ande and Ambrose Abalike Okwoli

International Journal of Management Practice, 2014, vol. 7, issue 4, 341-365

Abstract: This study examines the relationship that exists between Firms' Financial Performance (FFP) and Corporate Social Responsibility Disclosures (CSRD) on one hand and the extent to which firms in Nigeria are involved in transparent corporate social responsibility disclosures on the other hand. A modified 25-theme Global Reporting Initiative (GRI) disclosure index and firms' Earnings Per Share (EPS) along with the Companies Annual Turnover (CAT) was used to determine the impact CSRD has on FFP. The finding of the study shows that firms in Nigeria have a positive insignificant relationship between CSRD and CAT and their EPS. The extent of CSRD by quoted companies in Nigeria was found to be at a 53% threshold; which falls below the 75% global benchmark for excellent disclosure. The study recommends among others the use of legislations to elicit detailed disclosures and the need for separate tracking of social responsibility costs in annual accounts of companies.

Keywords: corporate social responsibility; CSR disclosure; transparent reporting; firm performance; financial performance; disclosure index; Nigeria; transparency; Global Reporting Initiative; GRI; EPS; earnings per share; annual turnover; legislation; tracking. (search for similar items in EconPapers)
Date: 2014
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