IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 10 NO. 1 2024
DOI: https://doi.org/10.56201/ijssmr.v10.no1.2024.pg13.30

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Corporate Social Responsibility Disclosure and Firm Financial Performance

Monday Olade, IZEVBEKHAI (PhD, ACTI), Momodu Zuriat, MANSUR

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Abstract

This study examines corporate social responsibility disclosure and firm financial performance. The secondary source of data collection was adopted in the study. The purposive sampling technique was used to select a sample size of twelve (12) listed deposit money banks in Nigeria. Ordinary Least Square regression analysis was used in this study. The findings revealed that employee relation disclosure has no significant effect on the firm performance of listed deposit- taking banks in Nigeria and that local community relation disclosure has a substantial impact on the strong financial performance of listed deposit-taking banks in Nigeria. The study concluded that corporate social responsibility activities have become the optimum solution to integrate moral principles in the banking world, which suggests that it is an increasingly important issue and has seen greater integration in the business world. The study recommended, among others, that more funds should be allocated for social donations and giftings to further drive the relevance and rationale of corporate social responsibility and that while corporate social responsibility is extended to the community at large, employees of banks should not be left behind as deliberate incentives should be provided periodically.

keywords:

Corporate social responsibility disclosure, social donation and giftings, employee

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References:

Abeysinghe, A.M.I.P. & Basnayake, W.B.M.D. (2016). Relationship between corporate social
responsibility disclosure and financial performance in Srilankan domestic banking
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Adeneye, S.A. & Ahmed, H. (2014).Corporate social responsibility disclosure overtime:
Evidence from Malaysia. Managerial Auditing Journal, (28) 2, 647-676.

Aditya, I.B. & Juniarti, R.O. (2016). Corporate social responsibility: Experience from the
Nigerian environment. Entrepreneurial Journal of Management Sciences, 1(1), 189-
197.

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