Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria
Using panel data set from banks in Nigeria, a developing country, this paper examines the effects of corporate social responsibility (CSR) investment and disclosure on corporate financial performance. The results from the Wallace and Hussain estimator of component variances (a two-way random and fix...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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SpringerOpen
2018-12-01
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| Series: | Future Business Journal |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2314721017301068 |
| _version_ | 1819073804687638528 |
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| author | Obafemi R. Oyewumi Oluwabunmi A. Ogunmeru Collins S. Oboh |
| author_facet | Obafemi R. Oyewumi Oluwabunmi A. Ogunmeru Collins S. Oboh |
| author_sort | Obafemi R. Oyewumi |
| collection | DOAJ |
| description | Using panel data set from banks in Nigeria, a developing country, this paper examines the effects of corporate social responsibility (CSR) investment and disclosure on corporate financial performance. The results from the Wallace and Hussain estimator of component variances (a two-way random and fixed effects panel) suggest that CSR investment without due disclosure would have little or no contribution to corporate financial performance. This paper supports the argument that firms could benefit both financially and non-financially from a strategic CSR agenda. Keywords: Corporate social responsibility, Financial performance, Banks, Disclosure, Developing country, Nigeria |
| first_indexed | 2024-12-21T17:59:27Z |
| format | Article |
| id | doaj.art-8b4e411aeabf4f35885233359f8dc977 |
| institution | Directory Open Access Journal |
| issn | 2314-7210 |
| language | English |
| last_indexed | 2024-12-21T17:59:27Z |
| publishDate | 2018-12-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Future Business Journal |
| spelling | doaj.art-8b4e411aeabf4f35885233359f8dc9772022-12-21T18:55:06ZengSpringerOpenFuture Business Journal2314-72102018-12-0142195205Investment in corporate social responsibility, disclosure practices, and financial performance of banks in NigeriaObafemi R. Oyewumi0Oluwabunmi A. Ogunmeru1Collins S. Oboh2Corresponding author.; Department of Accounting, University of Lagos, Akoka, Lagos, NigeriaDepartment of Accounting, University of Lagos, Akoka, Lagos, NigeriaDepartment of Accounting, University of Lagos, Akoka, Lagos, NigeriaUsing panel data set from banks in Nigeria, a developing country, this paper examines the effects of corporate social responsibility (CSR) investment and disclosure on corporate financial performance. The results from the Wallace and Hussain estimator of component variances (a two-way random and fixed effects panel) suggest that CSR investment without due disclosure would have little or no contribution to corporate financial performance. This paper supports the argument that firms could benefit both financially and non-financially from a strategic CSR agenda. Keywords: Corporate social responsibility, Financial performance, Banks, Disclosure, Developing country, Nigeriahttp://www.sciencedirect.com/science/article/pii/S2314721017301068 |
| spellingShingle | Obafemi R. Oyewumi Oluwabunmi A. Ogunmeru Collins S. Oboh Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria Future Business Journal |
| title | Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria |
| title_full | Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria |
| title_fullStr | Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria |
| title_full_unstemmed | Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria |
| title_short | Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria |
| title_sort | investment in corporate social responsibility disclosure practices and financial performance of banks in nigeria |
| url | http://www.sciencedirect.com/science/article/pii/S2314721017301068 |
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