Firm Characteristics and Corporate Social Responsibility Disclosure of Listed Industrial Goods Companies in Nigeria

Abstract

The study examined whether a significant relationship exists between firm attributes and corporate social responsibility disclosure of listed industrial goods in Nigeria. To achieve the objectives of the study, the corporate annual reports for the periods 2013-2022 were utilised as the main source of secondary data. In testing the research hypotheses, the study adopted the use of the panel least square regression method to analyse the data collected from the annual reports of the listed industrial goods in Nigeria. The study also made use of a correlational research design for testing the expected relationship between the variables of firm attributes and corporate social responsibility disclosure. The findings revealed an insignificant positive relationship between stakeholder power, media exposure, foreign ownership, and corporate social responsibility disclosure. The study, therefore recommended that the Nigerian industrial goods companies should increase their stakeholder power, media visibility, and foreign ownership in order to increase the level of corporate social responsibility disclosure.