Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria

By O. R. Oyewumi, O. A. Ogunmeru, Collins S. Oboh. Future Business Journal, 2018

115 citations recorded by the source corpus.

Abstract 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.

Subfields: Finance, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/e62c595e4dfae5dd9625e853b9cf240425311a66