Corporate Attributes as Correlates of Social Accounting Reporting: The Mediating Role of CEO Education (Published)
This study determined the moderating effect of corporate attributes and social accounting reporting: the moderating role of chief executive officers’ educational qualification in Nigeria. This study adopted ex-post facto research design. Simple random sampling technique to sample listed consumer and health companies. Secondary data derived from the financial statements of listed healthcare and consumer’s firms were reviewed for the study for the period 2017-2021. The data set was first subjected to pre-regression analyses which include descriptive statistics analyses, correlation analyses and the test for normality of residua. Logistic regression was used for the data analysis. Findings of the study revealed there is a significant moderating effect of CEO educational qualification on the influence of firm size, leverage and board size on financial, social reporting disclosures of listed Nigerian companies. It was recommended that company boards should factor in CEO educational qualifications when choosing a chief executive for the company. Also, Organizations must set up market measures and parameters that will empower them to be educated about being socially and environmentally responsible to make corporate social responsibility fruitful and to make industrial products meet anticipated economic, social and environmental needs.
Impact of Philanthropic Corporate Social Responsibility on Firm Value of Deposit Money Banks in Nigeria (Published)
This study examines the impact of Philanthropic Social Responsibility on firm value of listed Deposit Money Banks (DMBs) in Nigeria. The study was motivated by conflicting findings by researchers on the relationship between Philanthropic Social Responsibility and firm value. The study used the correlational and ex-post facto research designs. The secondary data were extracted from the annual report and accounts of the 11 listed Deposit Money Banks by the Security and Exchange Commission of Nigeria as at 31st December 2021. Data collected was analysed using Regression analysis statistical tool with the aid of STATA analytical package. Findings from the analysis revealed that philanthropic Social Responsibility has significant positive relationship with the firm value of deposit money banks (DMB’s) in Nigeria. In view of the finding the study recommended that Management of deposit money banks (DMBs) listed in Nigeria should give more emphasis on philanthropic Responsibility. The is because of the positive role it’s play in improving the value of the firm.
Corporate Social Responsibility Accounting and Financial Performance of Breweries in Nigeria (Published)
The study aimed to investigate corporate social responsibility accounting and performance of breweries in Nigeria. The study adopted a library research which entails a review of both conceptual and empirical literatures which formed the basis for drawing up conclusion by the researcher, after a careful review of the literatures. Surveys of empirical studies revealed that consensus have not been reached on the relationship between corporate social responsibility accounting and the performance of breweries companies in Nigeria. While many researchers found a significant relationship between corporate social responsibility accounting and the performance of breweries companies in Nigeria, other found an insignificant relationship between corporate social responsibility accounting and financial performance, hence it can be concluded that investigations into the relationship between corporate social responsibility accounting and financial performance are inconclusive and requires more empirical studies. In line with the findings, the study recommended that government as well as regulatory authorities of corporate organizations should make the issue of corporate social responsibility accounting mandatory/compulsory for the entire listed companies in Nigeria in general and the brewery companies in particular. This will compel the brewery companies to give back to the society in which they operate and polluted by the activities of their operations.
Citation: Obembe, Olalekan J.; Jacob Martins Siga; Edheku, Ochuko Joy (2022) Corporate Social Responsibility Accounting and Financial Performance of Breweries in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.10, No. 9, pp.58-70
Corporate Social Responsibility Practices and Reputation of Listed Firms in Nigeria: A Structural Equation Modeling Approach (Published)
With the advent of globalization, societal and economic concern increases; this did not give clear standards or regulations for measuring CSR that has been created by the organization. Thus many problems occur due to the inconsistency in which companies are capable of claiming activities that might not meet the general understanding of CSR initiatives. It may improve their reputation, or in some cases, companies do not have a clear understanding of what CSR means. Furthermore, the impacts of CSR practices on firms’ reputation are not well delineated in the literature. Hence, this study examined the impact of CSR practices and reputation of listed firms in Nigeria. Primary data collected through the use of a structured and validated questionnaire. Cronbach’s alpha reliability coefficients for the constructs ranged from 0.85 to 0.90. The response rate was 98%. Data were analyzed using descriptive and inferential statistics. Findings revealed that corporate social responsibility had a positive and significant effect on business reputation (R2 = 0.43, β = 0.654, t(389) = 15.697, p < 0.05), Business ethics and innovation significantly moderated the relationship between CSR and business reputation (ΔAdj.R2= 0.562, ΔF(3,386) = 167.55, p < 0.05) respectively. The study concluded that corporate social responsibility affects the corporate performance of firms in Nigeria. Recommended that the practice of corporate social responsibility should be intensified by corporate firms to improve on their performance.
This study examined the different accounting theories and how they applied to corporate social responsibility (CRS). The accounting theories are stakeholder theory, social contract theory, legitimacy theory and signalling theory. These theories were explained and discussed from a corporate social responsibility point of view, this was done by identifying the conditions that best suits these theories. From the review done on these theories, the stakeholders theory applied to corporate social responsibility by explaining that a company is not just responsible to shareholders but to other groups of people who are affected or are been affected by the activities of the company and at that they should be responsible to them as well. The social contract theory pointed out that there is an invisible contract between the business enterprise and society and the contract contains some indirect obligations to be performed by the business organisation to the society and these obligations can be show cased through the corporate social responsibility report. This means that whether the company likes it or not the wellbeing of the society is part of their responsibility. The legitimacy theory expects that organisations should be legit in their business operations. They should always provide corporate social responsibilities activities to the society in which they operate, as it is through that means they will be obtaining approval to continue operations in that society and finally the signalling theory explains that there is a reward for reporting corporate social responsibility information voluntarily to the capital market, because the reported information could motivate investors and potential investors to invest in the company.
INTEGRATION OF CORPORATE SOCIAL RESPONSIBILITY (CSR) INTO CORPORATE GOVERNANCE: NEW MODEL, STRUCTURE AND PRACTICE: A CASE STUDY OF SAUDI COMPANY (Published)
This paper seeks to explore the integration of corporate social responsibility (CSR) into corporate governance (CG) structure and system. To obtain this objective, this paper firstly reviews the extensive literature of CG and CSR. Second, it investigates the conception and understanding of interrelationship between CG and CSR within case study context of petrochemical company operates in Saudi Arabia. A qualitative case study was adopted by conducting in-depth interviews with participants at various levels of board and management in petrochemical company operates in Saudi Arabia. The findings suggested that the majority of participants consider CG as an essential foundation for sustainable CSR activities. The significance of the findings can be found in the fact that the previous trend of focusing solely on CG in developing countries has been reverted and more attention is dedicated to CSR. The current study contributes to existing body of CSR and CG literature by presenting the new CSR governance model. Two important implications can be found in this study. At organizational level, board members and managers can improve the corporate policy and practice in context of engaging with stakeholders. At the national level, the policy makers within developing countries can build on the conclusion drawn in this paper and enhance capacities of their regulatory and judicial systems to protect stakeholder’s interest.
VOLUNTARY DISCLOSURE ON CORPORATE SOCIAL RESPONSIBILITY: A STUDY ON THE ANNUAL REPORTS OF PALESTINIAN CORPORATIONS (Published)
This is an exploratory study designed to investigate the extent and nature of social and environmental reporting in the annual reports of the 48 corporate that were listed on the Palestine Exchange(PEX) in 2012. Specifically, we examine the relationship between Corporate Social Responsibility(CSR) disclosure and the variables which may determine. In order to do this, we have developed and utilized a disclosure index to measure the extent of disclosure made by companies in corporate annual reports also by using the guidelines (Global Reporting Initiative (GRI-G3)) . This study reports significant differences in levels of social and environmental disclosure, as measured by the mean values of the social and environmental disclosure index in Palestine. This study indicates that the level of CSR disclosure is fairly low in Palestine corporations. The findings show that there is correlation between CSR disclosure level and the size of the firm. also there are differences in the level of disclosure of CSR of the firms due to the kind of economic sector. However, that the level of disclosure CSR evidence a statistically did not significant association with the profitability of the firms are listed on the PEX.