Firms Attributes and Corporate Social Responsibility Disclosure in Nigerian

Abstract

The study investigated firm characteristics on corporate social responsibility disclosure of consumer goods sector in Nigeria. Four specific objectives were formulated; to ascertain the effect of firm size, firm age, firm’s leverage and firm’s profitability on the corporate social responsibility disclosure of quoted consumer goods in Nigeria. The research hypotheses synchronised with the objectives of the study. Filtering sampling technique was employed and secondary data were collected from the financial statement of the twenty firms selected for the study for the period covering 2014 to 2018 financial years. Pool data gathered were analysed using descriptive statistics, correlation and regression technique, the results indicate that firm size has significant but negative effect on corporate social responsibility disclosure at 1% level. Also firm age, firm leverage and firm performance have no statistical significant effect on corporate social responsibility disclosure of consumer goods. The study recommends among others that larger firms in Nigeria should be made to disclose larger social responsibility activities to maintain a status of a good corporate citizen and Government should legislate on percentage of profit that will be channeled to social responsibilities the way they legislated company income tax rate, otherwise, the more profitable firms will avert social responsibility or do that to an insignificant level.