Corporate Social Responsibility Disclosures and Financial Performance of Listed Consumer Goods Firms in Nigeria
- Dr. Olurin Enitan
- Ibafo Accounting 2022
- xi; 69pgs.
ABSTRACT There is a large amount of empirical literature on various aspects of Corporate Social Responsibility (CSR) and CSRD, especially in developed and developing nations like the US, UK, Germany, Egypt, India, etc. However, an evident gap exists in the literature on CSRD and the financial performance of listed consumer goods firms in Nigeria. This study examines empirically the impact of corporate social responsibility disclosure on the financial performance of consumer goods firms in Nigeria. For the data collection, secondary data was collected from the annual reports of the sample of 10 consumer goods firms in Nigeria out of a population of 37 companies. A total of eleven years for the period 2010 - 2020 was covered for the collection of the data. With the use of SPSS version 26, multiple regression analysis was used to analyse the data collected. The results reveal that economic and social disclosure show a positive impact on return on capital employed, although the impact is insignificant, while environmental disclosure shows a negative and insignificant impact. It is recommended that management should take steps to ensure that responsibility policies and practices are enacted in their daily operations. For further studies more variables which can affect financial performance should be included. Keywords: Disclosures, Corporate Social Responsibility (CSR), Environment, Economic, Social.