MULTIPLE DETERMINANTS OF CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE OF QUOTED FIRMS IN NIGERIA

ABSTRACT

The study empirically investigated the impact of corporate social responsibility disclosure on corporate financial performance in Nigerian quoted companies An ex post facto research design was employed and secondary data sourced from the annual reports of 40 companies quoted on the Nigerian Stock Exchange for 2018-2022. This design is adopted so as to pool together various companies in manufacturing and financial service on the Nigerian Exchange (NGX) . The study found that Community Development (CD) had a positive and statistically significant relationship with corporate financial performance proxied by return on asset (ROA) for the sampled period firms in Nigeria. It was also found that Legal Requirement (LRQ) had a positive and statistically significant relationship with corporate financial performance proxied by return on asset (ROA) in Nigeria since the coefficient of LRQ variable is positive but passed the five percent significance test. The study recommended that corporate firms should spend reasonable amounts of their income on community development as this will in turn lead to increase in their earnings as proposed by triple bottom-line accounting. Also, Government should play its role to motivate the financial sectors and manufacturing sectors to spend in the ecology for the welfare of the societies, nations, environment where they operate their businesses and earn profits.