Mountain Top University Library

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.