Original Research Article | OPEN ACCESS
Corporate Governance and Corporate Social Responsibility Disclosure in Nigerian Financial Sector

N. Umoh-Daniel1 , R. O. Urhoghide1,

1Department of Accounting, Benson Idahosa University, Benin City, Nigeria..

For correspondence:-  N. Umoh-Daniel   Email: numoh2090@gmail.com

Received: 15 October, 2018        Accepted: 11 November, 2018        Published: 31 December, 2018

Citation: Umoh-Daniel N, Urhoghide RO, Corporate Governance and Corporate Social Responsibility Disclosure in Nigerian Financial Sector. Account Tax Rev 2018; 2(4):1-13 doi:

© 2018 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

The broad objective of this study is to examine the impact of corporate governance on corporate social responsibility (CSR) disclosure in Nigerian financial sector. However, the specific objectives were to investigate the relationship between board size, foreigners on the board, board gender diversity and CSR disclosure. The research sample comprises of 49 companies in the financial sector of the Nigerian Stock Exchange. Secondary data was used for this study from 2012-2016 financial years. Using panel regression analysis, this study found that, board gender diversity has a positively significant relationship with the CSR disclosure while foreigners on the board exhibited a negatively significant relationship.  The study also found that board size did not indicate any significant relationship with CSR disclosure. The study concluded that the impact of corporate governance on CSR disclosure cannot be overemphasized.The study therefore recommended that, there is need for increased corporate governance interest in promoting CSR disclosures.

Keywords: Corporate social responsibility, governance, foreigners, gender diversity, size


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