Original Research Article | OPEN ACCESS
Firm Structure and Corporate Social Responsibility (CSR) Disclosures in Listed Manufacturing Firms in Nigeria

Nosa OHONBA1 Ivie Eloghosa OGBEIDE2

1Department of Accounting, Faculty of Management Sciences, University of Benin, Benin City, Edo State, Nigeria..

For correspondence:-  Nosa OHONBA   Email: nosa.ohonba@uniben.edu

Received: May 23, 2021        Accepted: June 12, 2021        Published: June 30, 2021

Citation: OHONBA N.OGBEIDE IE. Firm Structure and Corporate Social Responsibility (CSR) Disclosures in Listed Manufacturing Firms in Nigeria. Account Tax Rev 2021; 5(2):62-78 doi:

© 2021 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..

Abstract

This research examines firm structure as a driver of corporate social responsibility (CSR) in listed firms in Nigeria. The sample for the study is 43 manufacturing companies that have available and accessible annual reports that cover the study period. The method of sampling was done using the simple random sampling technique. Secondary data was used for this study. The data was retrieved from corporate annual reports of the sampled firms quoted on the Nigeria Stock Exchange companies for the 2010-2019 financial years. The panel regression analysis was used for the estimation of the data. The study findings reveal that; firm size has a significant effect on corporate social responsibility disclosure in listed manufacturing firms. So does firm age and firm profitability, but there is no significant effect on corporate social responsibility disclosure in the case of firm leverage. Therefore, the study recommends that though firm structure variables define the framework of incentives that predispose firms to disclose CSR voluntarily, it is challenging to allow firms cost-benefit analysis to determine how and where to disclose CSR. Hence the study also recommends a need for some form of CSR regulation so that irrespective of the firm size, leverage or age, the need to disclose CSR will be well understood and practised.

Keywords: Firm size, firm leverage, Firm Age, corporate social responsibility (CSR)


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