Corporate Social Responsibility Disclosure and the Value of Listed Conglomerates Firms in Nigeria
Umar Salisu *
College of Business, School of Accountancy, Universiti Utara Malaysia, Malaysia
Saidu Sani
College of Business, School of Accountancy, Universiti Utara Malaysia, Malaysia
Jamilu Umar Lawan
College of Business, School of Accountancy, Universiti Utara Malaysia, Malaysia
*Author to whom correspondence should be addressed.
Abstract
This study investigates the relationship between corporate social responsibility disclosure (CSRD) and financial performance of listed conglomerates firms in Nigeria, with the use of secondary data. The secondary data was sourced from sampled firms’ annual account and reports between 2007-2016.The data generated were analyzed using descriptive, multivariate regression, Correlation and disclosure index. The major finding from the analysis reveals that there was a positive relationship between CSRD and financial performance, in the light of the major findings it was concluded that, CSRD brings about improvement in the financial performance of the sampled conglomerates in Nigeria since they maintain a positive relationship.
Keywords: Corporate social responsibility disclosure, firm value, conglomerates, Nigeria