IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 10 NO. 10 2024
DOI: 10.56201/ijebm.v10.no10.2024.pg190.206

---

Firm’s Attributes and Social Responsibility Disclosure of Listed Manufacturing Companies in Nigeria

Okafor Clara N., Anetoh, Vivian Chioma

---

Abstract

The study examined the relationship between firm’s attributes and social responsibility disclosure of listed companies in Nigeria. The specific objectives of the study are to: ascertain the relationship between leverage and social responsibility disclosure of listed companies; investigate the relationship between profitability and social responsibility disclosure of listed companies; and examine the relationship between audit firm’s size and social responsibility disclosure of listed companies in Nigeria. Out of the population of seventy-two (72) firms, using judgemental sampling method, 33 firms were selected from the Nigerian Exchange Group. The data used were secondary data and were drawn from 2013 to 2022. The data used were sourced from the firm’s annual report, Exchange fact book and Internet. The data collected were analysed using Pearson Correlation Matrix and OLS. The results show that profitability and Audit firm’s size have positive relationship with social responsibility disclosure of listed companies in Nigeria; whereas leverage has negative relationship with social responsibility disclosure of listed companies in Nigeria. The study, therefore among others recommends that the Regulatory authorities should come up with clearly defined regulation on how to go about social responsibility issues as regards to leverage of the companies and the government should ensure full implementations of the regulations.

keywords:

firm’s attributes, audit quality, Audit firm size, Audit fee, and Audit tenure

---

References:

Ahmed, K., & Courtis, J. K. (1999). Associations between corporate characteristics and
disclosure levels in annual reports: a meta-analysis. The British Accounting Review,
31(1), 35-61.
Akbas, H.E. (2014). Company characteristics and environmental disclosure: An empirical
investigation on companies listed on borsa istanbul 100 index. Journal of Accounting and
Finance, 62, 145-164.
Al-Gamrh, B. A. & AL-Dhamari, R. A. (2016). Firm Characteristics and Corporate Social
Responsibility Disclosure. International Business Management, 10 (18): 4283-4291.
Andrikopoulos, A., Samitas, A. & Bekiaris, M. (2014). Corporate social responsibility
reporting in financial institutions: evidence from Euronext, Research in International
Business and Finance, 32 (3), 27-35.
Artiach, T., Lee, D., Nelson, D., & Walker, J. (2010). The determinants of corporate
sustainability performance. Accounting & Finance, 50(1), 31-51.
Banasik, E., Barut, M., & Kloot, L. (2010). Socially responsible investment: Labour standards
and environmental, social and ethical disclosures within the SRI industry. Australian
Accounting Review, 20(4), 387-399.
Barbu, E.M., Dumontier, P., Feleag?, N., & Feleag?, L. (2014). Mandatory environmental
disclosures by companies complying with IASs/ IFRSs: The cases of France, Germany,
and the UK. The International Journal of Accounting, 49(2), 231-247.
Belkaoui, A. & Karpik, P.G. (1989). Determinants of the corporate decision to disclose social
information. Accounting, Auditing & Accountability Journal, 2 (1), 36-51.
Bhuyan, M., Lodh, S.C. & Perera, N. (2017). The effects of corporate social disclosure on firm
performance: empirical evidence from Bangladesh. Accounting and Finance Association
of Australia and New Zealand Conference, 1-36.
Braam, G.J.M., de Weerd, L.U., Hauck, M., & Huijbregts, M.A.J. (2016). Determinants of
corporate environmental reporting: The importance of environmental performance and
assurance. Journal of Cleaner Production, 129, 724-734.
Carini, C., & Chiaf, E. (2015). The relationship between annual and sustainability,
environmental and social reports. Corporate Ownership and Control, 13(1CONT9), 771-
Carroll, A. B. (1979). A Three-Dimensional Conceptual Model of Corporate Performance.
Academy of Management Review. https://doi.org/10.5465/AMR.1979.4498296
Carroll, A. B. (1999). Corporate social responsibility: Evolution of a definitional construct.
Business and Society. https://doi.org/10.1177/000765039903800303
Chan, C. & Kent, P.F. (2003). Application of stakeholder theory to the quantity and quality of
Australian voluntary corporate environmental disclosures. AFAANZ 2003 Annual
Conference, 57-57.
Christopher, T. & Filipovic, M. (2008). The extent and determinants of disclosure of global
reporting initiative guidelines: Australian evidence. Journal of Contemporary Issues in
Business and Government, 14 (2), 17-40.
Di Giuli, A., & Kostovetsky, L. (2014). Are red or blue companies more likely to go green?
Politics and corporate social responsibility. Journal of Financial Economics, 111(1),
158-180.
Dyduch, J. and Krasodomska, J. (2017). Determinants of corporate social responsibility
disclosure: an empirical study of Polish listed companies. Sustainability, 9 (11), 19-34.
Elkington, J. (1997). Cannibals with Forks the Triple Bottom Line of 21
st Century Business.
Oxford: Capstone Publishing Ltd.
Freeman, R. Edward. (1984). Strategic Management: A Stakeholder Approach, Boston: Pitman
Publishing Inc.
Gamerschlag, R., Möller, K., & Verbeeten, F. (2011). Determinants of voluntary CSR
disclosure: empirical evidence from Germany. Review of Managerial Science, 5(2-3),
233-262.
Haniffa, R.M., & T.E. Cooke, (2005). The impact of culture and governance on corporate social
reporting.
Journal
of
Accounting
and
Public
Policy,
24(5):
391-430.
http://doi.org/10.1016/j.jaccpubpol.2005.06.001
Hibbitt, C.J. (2003). External Environmental Disclosure and Reporting by Large European
Companies: An Economic, Social, and Political Analysis of Managerial Behaviour,
unpublished doctoral thesis, Limperg Instituut, Amsterdam.
Huang, C.L. & Kung, F.H. (2010). Drivers of environmental disclosure and stakeholder
expectation: evidence from Taiwan. Journal of Business Ethics, 96 (3), 435-451.
Iatridis, G.E. (2013), Environmental disclosure quality: Evidence on environmental
performance, corporate governance and value relevance. Emerging Markets Review, 14,
55-75.
Ilinitch, A.Y., Soderstrom, N.S., & Thomas, T. (1998). Measuring corporate environmental
performance. Journal of Accounting and Public Policy, 17(4-5), 383-408.
Issa, A. I. F. (2017). The Factors Influencing Corporate Social Responsibility Disclosure in the
Kingdom of Saudi Arabia. Australian Journal of Basic and Applied Sciences, 11(10), 1-
Jansson, M., & Biel, A. (2011). Motives to engage in sustainable investment: A comparison
between institutional and private investors. Sustainable Development, 19(2), 135-142.
Kassinis, G., & Vafeas, N. (2006). Stakeholder pressures and environmental performance.
Academy of Management Journal, 49(1), 145-159.
Khojastehpour, M. & Johns, R. (2014). The effect of environmental CSR issues on
corporate/brand reputation and corporate profitability. European Business Review, 26
(4), 330-339.
Kolk, A., Walhain, S. & Van de Wateringen, S. (2001). Environmental reporting by the Fortune
Global 250: exploring the influence of nationality and sector. Business Strategy and the
Environment, 10 (1), 15-28.
Loh, C.M., Deegan, C., & Inglis, R. (2015). The changing trends of corporate social and
environmental disclosure within the Australian gambling industry. Accounting and
Finance, 55(3), 783-823.
Ma, L.F. & Zhao, Y. (2009). Corporate social disclosure and determinants analysis in listed
companies in China. Security Market Guide, 3, 3-9.
McWilliams, A., & Siegel, D. (2001). Corporate social responsibility: A theory of the firm
perspective. Academy of Management Review, 26(1), 117-127.
Mohammad, A. G., Mohamad, N. R., & Ahmad, N. (2016). Board Characteristics and
Corporate Social Responsibility Disclosure in the Jordanian Banks. Corporate Board:
Role, Duties & Composition, 12 (1), 84 – 100.
Nakamura, E. (2014), Does environmental investment really contribute to firm performance?
An empirical analysis using Japanese firms. Eurasian Business Review, 1(2), 91-111.
Ng, E. J., & Koh, H. C. (1994). An agency theory and probit analytic approach to corporate
non-mandatory disclosure compliance. Asia-Pacific Journal of Accounting, 1(1), 29-44.
Nnubia, I. C., Anaike, C. L. & Mmadubuobi, L. C. (2023). Board Attribute and corporate Social
responsibility disclosure: Evidence from Nigeria and South Africa. Open Access Journal
of Social Sciences Research, 1(3), 1-20.
Nnubia, I. C., Anaike, C. L. & Onyeka, C. M. (2024). Board Attribute and corporate Social
responsibility disclosure: An Empirical Analysis listed manufacturing companies in
Nigeria. Journal of Global Interdependence and Economic sustainability, 2(3), 1-17.
Nnubia, I. C. & Ezenwa, E. A. (2016). Environmental Accounting for Sustainable
Development in Nigeria. Journal of Accounting, Business and Social Sciences, 1(1), 323-
Nnubia, I. C. & Omaliko, E. L. (2016). The Role of Accounting in Supporting Adaptation to
Climate Change in Nigeria. De academia international journal of Science and
Contemporary Studies, 2(1), 155-161.
Orij, R. (2007). Corporate Social Disclosures and Accounting Theories: An Investigation,
European Accounting Association, Lisbon, 25-27.
Padgett, R. C., & Galan, J. I. (2010). The effect of R&D intensity on corporate social
responsibility. Journal of Business Ethics, 93(3), 407-418.
Pagell, M., Wiengarten, F., & Fynes, B. (2013), Institutional effects and the decision to make
environmental

DOWNLOAD PDF

---

Back