For correspondence:-
Received: 15 October, 2018 Accepted: 11 November, 2018 Published: 31 December, 2018
Citation: Corporate Governance and Corporate Social Responsibility Disclosure in Nigerian Financial Sector. Account Tax Rev 2003; 2(4):1-13 doi:
© 2003 The authors.
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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.
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