Patience Ote Ola1 
,
Alematu Agbo1,
Nicodemus Urube Ola2
For correspondence:- Patience Ola Email: olapatience9@gmail.com
Received: January 12 2023 Accepted: March 27 2023 Published: 31 March 2023
Citation: Ola PO, Agbo A, Ola NU. Board Characteristics and Corporate Social Responsibility of Listed Brewing Companies in Nigeria. Account Tax Rev 2008; 7(1):51-63 doi:
© 2008 The authors.
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Abstract
This study examines the effect of board characteristics on corporate social responsibility (CSR) of listed brewing companies in Nigeria from 2017 to 2021. The study proxy board characteristics by board size, board gender diversity, and board independence and measures corporate social responsibility by CSR expenditure. The requisite data for the study which was obtained from audited annual reports of the listed brewing companies were analyzed using descriptive statistics and ordinary least square (OLS) technique of analysis with the aid of SPSS Version 26. It was found that board size and board gender diversity have a significant positive effect on corporate social responsibility while board independence has an insignificant positive effect on corporate social responsibility. The study therefore concludes that board characteristics exert a positive effect on the decision regarding what to spend on corporate social responsibility (CSR) of listed brewing companies in Nigeria. Resultantly, it recommends that companies should consider increasing the size of the board of directors as well as the number of female directors where increased corporate social responsibility is targeted. This will in turn establish a reputation for the companies and subsequently enhance corporate relationships with society at large.
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