Corporate social responsibility reporting among Nigerian firms: strategic implications.
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Date
2014
Authors
Kuye, O.L.
Fagboro, D.G.
Akerele, E.K.
Journal Title
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Volume Title
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Abstract
Corporate social responsibility (CSR) reporting refers to how companies disclose information
on their CSR performance in their annual financial statements. The current paper examines:
how Nigerian companies incorporated CSR into their financial accounts; the correlation
between an organisation’s earnings and CSR reported; and the relationship between CSR
reported and firm size. Using ANOVA and Pearson product-moment correlation to test the
three hypotheses postulated, the central issues that emerged were that: the recognition,
manner and style of CSR in annual financial reports were not standardised in Nigeria, not
withstanding stakeholders’ keen interest in such disclosures; it appeared there was a
significant relationship between CSR reported and a firm’s earnings and capital level. This
study concluded that CSR disclosures were a key concept that had gained increasing
international recognition and acceptance given its crucial role in the activities of an
organisation and importance to a variety of stakeholders. Consequently, relevant legal
authorities, standard setting bodies and other regulators in Nigeria should expedite action on
standards and guidelines on CSR reporting.
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Keywords
Strategic implications , Corporate social responsibility , Firm earnings , Financial statements
Citation
Kuye, O.L., Fagboro, D.G. & Akerele, E.K. (2014), Corporate social responsibility reporting among Nigerian firms: strategic implications. International Journal of Business and Globalisation , vol. 13 (2).