Araştırma Makalesi
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Influence of Ownership Structure on Corporate Social Responsibility among Non-financial Listed Firms in Nigeria

Yıl 2021, Cilt: 2 Sayı: 2, 72 - 82, 30.12.2021

Öz

The impact of ownership structure on CSR disclosure in Nigeria was investigated in this study.
Seventy-seven (77) non-financial firms listed on the Nigerian Stock Exchange make up the study's
population. Data from the annual reports and accounts of 77 non-financial companies listed on the
Nigerian Stock Exchange between 2017 and 2019 were used to achieve the study's goal. Multiple
regression analysis was used to examine the collected data. This research discovered that both
management besides foreign ownership had a durable advantageous influence going on CSR
disclosure, meaning that ownership structure dictates CSR disclosure practices among Nigeria's
listed non-financial enterprises to a large extent. According to the findings of this study, relevant
stakeholders in the Nigerian corporate environment should support increased foreign ownership in
the Nigerian corporate environment since their international market exposure will enable enterprises
to be more socially responsible. In addition, potential investors besides customers should make
societal info disclosure a priority when working with a company to encourage management to pay
more attention to CSR disclosure.

Kaynakça

  • Abdulsalam, N. K. (2017). Firm characteristics and sustainability reporting of oil marketing companies in Nigeria. Ph. D Thesis Usman Danfodio University, Sokoto.
  • Abor, J., & Biekpe, N. (2007). Corporate governance, ownership structure and performance of SMEs in Ghana: implications for financing opportunities. Corporate Governance. The International Journal of Business in Society, 7(3), 288-300.
  • Adams, R. (1997). Linking financial and environmental performance. Environmental Accounting and Auditing Reporter, 2(10), 331.
  • Amran, A., & Haniffa, R. (2011). Evidence in development of sustainability reporting: Case of a developing country. Business Strategy and the Environment, 20, 141-156.
  • Amran, A., & Susela Devi, S. (2008). The impact of government and foreign affiliate influence on corporate social reporting: The case of Malaysia. Managerial Auditing Journal, 23(4), 386-404. doi::https://doi.org/10.1108/02686900810864327
  • Barnea, A., & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics, 97(1), 71–86.
  • Berhad, F. G. (2016). Empowering sustainable value. Annual Integrated Report 2015.
  • Brammer, S., & Millington, A. (2008). Does it pay to be different? An analysis of the relationship between corporate social and financial performance. Strategic Management Journal, 29(12), 1325–1343.
  • Branco, M. C. (2008). Social responsibility disclosure: A study of proxies for the public visibility of Portuguese banks. The British Accounting Review, 40(2), 161-181. doi::https://doi.org/10.1016/j.bar.2008.02.004
  • Chen, J. C., & Roberts, R. W. (2010). Toward a more coherent understanding of the organization– society relationship: A theoretical consideration for social and environmental accounting research. Journal of Business Ethics, 97, 651-665.
  • Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? Corporate Governance. An International Review, 20(3), 233-252. doi:https://doi.org/10.1111/j.1467-8683.2011.00907.x
  • Dogan, Y., Ugulu, I., & Durkan, N. (2013). Wild edible plants sold in the local markets of Izmir, Turkey. Pak. J. Bot, 45(S1), 177-184.
  • Elmagrhi, M. H., Ntim, C. G., & Wang, Y. (2016). Antecedents of voluntary corporate governance disclosure: A post-2007/08 financial crisis evidence from the influential UK Combined code. Corporate Governance, 16(3), 507-538. doi::https://doi.org/10.1108/CG-01-2016-0006
  • Fifka, M. S. (2013). Corporate responsibility reporting and its determinants—A review of the empirical literature and a meta-analysis. Business Strategy and the Environment, 22, 1-35.
  • Fung, S., & Tsai, S. C. (2012). Institutional ownership and corporate investment performance. Canadian Journal of Administrative Sciences, 29, 348-365.
  • Gamerschlag, R., Möller, K., & Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5(1-3), 233-262. doi:https://doi.org/10.1007/s11846-010-0052-3
  • Hooghiemstra, R. (2012). What determines the informativeness of firms’ explanations for deviations from the Dutch corporate governance code. Accounting and Business Research, 42, 1-27.
  • Khan, A., Muttakin, M. B., & Siddiqui, J. (2013). Corporate governance and corporate social responsibility disclosures: Evidence from an emerging economy. Journal of Business Ethics, 114(2), 207-223. doi:https://doi.org/10.1007/s10551-012-1336-0
  • Khan, H. U. (2010). The effect of corporate governance elements on corporate social responsibility (CSR) reporting: Empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 52(2), 82-109.
  • Mallin, C., & Ow-Yong, K. (2012). Factors influencing corporate governance disclosures: Evidence from Alternative investment market companies in the UK. European Journal of Finance, 18, 515-533.
  • Manning, B., Braam, G., & Reimsbach, D. (2019). Corporate governance and sustainable business conduct—Effects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices. Corporate Social Responsibility and Environmental Management, 26(2), 351-366. doi:https://doi.org/10.1002/csr.1687
  • Mio, C., Fasan, M., & Rose, A. R. (2016). Owner's preferences for CEOS characteristics: Did the world change after the global financial crisis? Corporate governance. The International Journal of Business in Society, 16(1), 116-134.
  • Muttakin, M. B., & Subramaniam, N. (2015). Firm ownership and board characteristics: do they matter for corporate social responsibility disclosure of Indian companies. Sustainability Accounting, Management and Policy Journal, 6(2), 138-165.
  • Ntim, C. G. (2015). Board size, corporate regulations and firm valuation in an emerging market: A simultaneous equation approach. International Review of Applied Economics, 29, 194-220.
  • Ntim, C. G., Opong, K. K., Danbolt, J., & Thomas, D. A. (2012). Voluntary corporate governance disclosures by post-apartheid South African listed corporations. Journal of Applied Accounting Research, 13, 122-144.
  • Nwaiwu, N. J., & Oluka, N. O. (2018). Environmental cost disclosure and financial performance of oil and gas in Nigeria. International Journal of Advance Academic Research/ Financial Management, 4. doi:ISSN: 2488-9849
  • Oh, W. Y., Chang, Y. K., & Martynov, A. (2011). The effect of ownership structure on corporate social responsibility: Empirical evidence from Korea. Journal of Business Ethics, 104(2), 283-297. doi:https://doi.org/10.1007/s10551-011-0912-z
  • Rettab, B., Brik, A. B., & Mellahi, K. (2009). A study of management perceptions of the impact of corporate social responsibility on organizational performance in emerging economies: The case of Dubai. Journal of Business Ethics, 18(10), 71-90.
  • Reverte, C. (2012). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351-366. doi::https://doi.org/10.1007/s10551-008- 9968-9
  • Shafira, R. N., Azizah, S. N., Wahyuni, S., & Pramono, H. (2021). The Effect of Firm Size and Corporate Governance Structure on Corporate Social Responsibility Disclosures. Muhammadiyah Riau Accounting and Business Journal, 2(2), 163-169.
  • Siegel, D. S., & Vitaliano, D. F. (2007). An empirical analysis of the strategic use of corporate social responsibility. Journal of Economics & Management Strategy, 16(3), 773-792. doi:https://doi.org/10.1111/j.1530-9134.2007.00157.x
Yıl 2021, Cilt: 2 Sayı: 2, 72 - 82, 30.12.2021

Öz

Kaynakça

  • Abdulsalam, N. K. (2017). Firm characteristics and sustainability reporting of oil marketing companies in Nigeria. Ph. D Thesis Usman Danfodio University, Sokoto.
  • Abor, J., & Biekpe, N. (2007). Corporate governance, ownership structure and performance of SMEs in Ghana: implications for financing opportunities. Corporate Governance. The International Journal of Business in Society, 7(3), 288-300.
  • Adams, R. (1997). Linking financial and environmental performance. Environmental Accounting and Auditing Reporter, 2(10), 331.
  • Amran, A., & Haniffa, R. (2011). Evidence in development of sustainability reporting: Case of a developing country. Business Strategy and the Environment, 20, 141-156.
  • Amran, A., & Susela Devi, S. (2008). The impact of government and foreign affiliate influence on corporate social reporting: The case of Malaysia. Managerial Auditing Journal, 23(4), 386-404. doi::https://doi.org/10.1108/02686900810864327
  • Barnea, A., & Rubin, A. (2010). Corporate social responsibility as a conflict between shareholders. Journal of Business Ethics, 97(1), 71–86.
  • Berhad, F. G. (2016). Empowering sustainable value. Annual Integrated Report 2015.
  • Brammer, S., & Millington, A. (2008). Does it pay to be different? An analysis of the relationship between corporate social and financial performance. Strategic Management Journal, 29(12), 1325–1343.
  • Branco, M. C. (2008). Social responsibility disclosure: A study of proxies for the public visibility of Portuguese banks. The British Accounting Review, 40(2), 161-181. doi::https://doi.org/10.1016/j.bar.2008.02.004
  • Chen, J. C., & Roberts, R. W. (2010). Toward a more coherent understanding of the organization– society relationship: A theoretical consideration for social and environmental accounting research. Journal of Business Ethics, 97, 651-665.
  • Dam, L., & Scholtens, B. (2012). Does ownership type matter for corporate social responsibility? Corporate Governance. An International Review, 20(3), 233-252. doi:https://doi.org/10.1111/j.1467-8683.2011.00907.x
  • Dogan, Y., Ugulu, I., & Durkan, N. (2013). Wild edible plants sold in the local markets of Izmir, Turkey. Pak. J. Bot, 45(S1), 177-184.
  • Elmagrhi, M. H., Ntim, C. G., & Wang, Y. (2016). Antecedents of voluntary corporate governance disclosure: A post-2007/08 financial crisis evidence from the influential UK Combined code. Corporate Governance, 16(3), 507-538. doi::https://doi.org/10.1108/CG-01-2016-0006
  • Fifka, M. S. (2013). Corporate responsibility reporting and its determinants—A review of the empirical literature and a meta-analysis. Business Strategy and the Environment, 22, 1-35.
  • Fung, S., & Tsai, S. C. (2012). Institutional ownership and corporate investment performance. Canadian Journal of Administrative Sciences, 29, 348-365.
  • Gamerschlag, R., Möller, K., & Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5(1-3), 233-262. doi:https://doi.org/10.1007/s11846-010-0052-3
  • Hooghiemstra, R. (2012). What determines the informativeness of firms’ explanations for deviations from the Dutch corporate governance code. Accounting and Business Research, 42, 1-27.
  • Khan, A., Muttakin, M. B., & Siddiqui, J. (2013). Corporate governance and corporate social responsibility disclosures: Evidence from an emerging economy. Journal of Business Ethics, 114(2), 207-223. doi:https://doi.org/10.1007/s10551-012-1336-0
  • Khan, H. U. (2010). The effect of corporate governance elements on corporate social responsibility (CSR) reporting: Empirical evidence from private commercial banks of Bangladesh. International Journal of Law and Management, 52(2), 82-109.
  • Mallin, C., & Ow-Yong, K. (2012). Factors influencing corporate governance disclosures: Evidence from Alternative investment market companies in the UK. European Journal of Finance, 18, 515-533.
  • Manning, B., Braam, G., & Reimsbach, D. (2019). Corporate governance and sustainable business conduct—Effects of board monitoring effectiveness and stakeholder engagement on corporate sustainability performance and disclosure choices. Corporate Social Responsibility and Environmental Management, 26(2), 351-366. doi:https://doi.org/10.1002/csr.1687
  • Mio, C., Fasan, M., & Rose, A. R. (2016). Owner's preferences for CEOS characteristics: Did the world change after the global financial crisis? Corporate governance. The International Journal of Business in Society, 16(1), 116-134.
  • Muttakin, M. B., & Subramaniam, N. (2015). Firm ownership and board characteristics: do they matter for corporate social responsibility disclosure of Indian companies. Sustainability Accounting, Management and Policy Journal, 6(2), 138-165.
  • Ntim, C. G. (2015). Board size, corporate regulations and firm valuation in an emerging market: A simultaneous equation approach. International Review of Applied Economics, 29, 194-220.
  • Ntim, C. G., Opong, K. K., Danbolt, J., & Thomas, D. A. (2012). Voluntary corporate governance disclosures by post-apartheid South African listed corporations. Journal of Applied Accounting Research, 13, 122-144.
  • Nwaiwu, N. J., & Oluka, N. O. (2018). Environmental cost disclosure and financial performance of oil and gas in Nigeria. International Journal of Advance Academic Research/ Financial Management, 4. doi:ISSN: 2488-9849
  • Oh, W. Y., Chang, Y. K., & Martynov, A. (2011). The effect of ownership structure on corporate social responsibility: Empirical evidence from Korea. Journal of Business Ethics, 104(2), 283-297. doi:https://doi.org/10.1007/s10551-011-0912-z
  • Rettab, B., Brik, A. B., & Mellahi, K. (2009). A study of management perceptions of the impact of corporate social responsibility on organizational performance in emerging economies: The case of Dubai. Journal of Business Ethics, 18(10), 71-90.
  • Reverte, C. (2012). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351-366. doi::https://doi.org/10.1007/s10551-008- 9968-9
  • Shafira, R. N., Azizah, S. N., Wahyuni, S., & Pramono, H. (2021). The Effect of Firm Size and Corporate Governance Structure on Corporate Social Responsibility Disclosures. Muhammadiyah Riau Accounting and Business Journal, 2(2), 163-169.
  • Siegel, D. S., & Vitaliano, D. F. (2007). An empirical analysis of the strategic use of corporate social responsibility. Journal of Economics & Management Strategy, 16(3), 773-792. doi:https://doi.org/10.1111/j.1530-9134.2007.00157.x
Toplam 31 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular İşletme
Bölüm Araştırma Makaleleri
Yazarlar

Aderemi Olalere Adebayo Bu kişi benim

Felicia Oluremilekun Oladejı Bu kişi benim

Wasiu Adebayo Lamıdı Bu kişi benim

Yayımlanma Tarihi 30 Aralık 2021
Gönderilme Tarihi 13 Kasım 2021
Yayımlandığı Sayı Yıl 2021 Cilt: 2 Sayı: 2

Kaynak Göster

APA Adebayo, A. O., Oladejı, F. O., & Lamıdı, W. A. (2021). Influence of Ownership Structure on Corporate Social Responsibility among Non-financial Listed Firms in Nigeria. Journal of Business and Trade, 2(2), 72-82.