For correspondence:-
Received: May 23, 2021 Accepted: June 12, 2021 Published: June 30, 2021
Citation: Firm Structure and Corporate Social Responsibility (CSR) Disclosures in Listed Manufacturing Firms in Nigeria. Account Tax Rev 2006; 5(2):62-78 doi:
© 2006 The authors.
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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.
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