CORPORATE SOCIAL RESPONSIBILITY DISLOSURE AND FINANCIAL PERFORMANCE OF LISTED MULTINATIONAL FIRMS IN NIGERIA

Authors

  • Adesanmi Timothy, Adegbayibi
  • Romoke Rafiat, Busari
  • Adu Boluwatife, Olamiposi
  • Oyedokun Okiki, Isaac

Keywords:

Health and safety disclosure, community performance disclosure, educational sponsorship disclosure, financial performance, multinational firms

Abstract

The increasing incidents of business disruptions and employee hostility has become a major
concern for stakeholders, policymakers, investors and academia to adopt socially friendly
policies. Adopting socially friendly policies has become a key strategic priority for
companies striving for sustainable development in an hostile environment. The study
examined the effect of corporate social responsibility disclosure on financial performance
of listed multinational firms in Nigeria. This study adopted ex-post facto research design
and data were obtained from secondary sources through the annual report of sampled firms
and the factbooks of the Nigeria Exchange Group. The population consists of 30 listed
multinational firms on the Nigerian Exchange Group as at 31st December, 2023 with a
sample size of 15 listed multinational firms were selected using purposive sampling
techniques. Data were analyzed using descriptive statistics and panel ordinary least square
method. The findings of the study showed that community performance disclosure has
positive but insignificant effect on the financial performance as measured by enterprise
value of the listed multinational and same goes for leverage. The findings also indicate
positive and significant effect of health and safety disclosure, educational sponsorship
disclosure on financial performance. The study concluded that health and safety and
educational sponsorship disclosure are the most significant variables to inancial
performance. It is therefore recommended among others that that management should
ensure that the practice of stakeholders’ engagement is explored to improve the community
performance of their firms.

Author Biographies

  • Adesanmi Timothy, Adegbayibi

    Department of Accounting, Faculty of Administration and Management Sciences,

  • Romoke Rafiat, Busari

    Department of Accounting, University of Ibadan, Oyo State, Nigeria

  • Adu Boluwatife, Olamiposi

    Department of Accounting, Adekunle Ajasin University, Akungba-Akoko, Ondo State, Nigeria

  • Oyedokun Okiki, Isaac

    Department of Accounting, Adekunle Ajasin University, Akungba-Akoko, Ondo State, Nigeria

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Published

2024-12-23

How to Cite

CORPORATE SOCIAL RESPONSIBILITY DISLOSURE AND FINANCIAL PERFORMANCE OF LISTED MULTINATIONAL FIRMS IN NIGERIA . (2024). Journal of the Management Sciences, 61(6), 81-101. https://journals.unizik.edu.ng/jfms/article/view/4276

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