Impact of Regulatory Frameworks on CSR Disclosure Practice in Some Selected Money Deposit Banks in Nigeria
- Author Arafat Ahmad Hussain
- Co-Author Emeka E. Ene, Saheed A. Lateef
- DOI https://ww
- Country : Nigeria
- Subject : Accounting and Finance
Keywords : CSR Disclosure; Regulatory framework; Deposit Money Banks, Nigerian Exchange Group; Listed Companies.
Abstract
The study examined the impact of regulatory frameworks oncorporate social responsibility(CSR) disclosure on money deposit banks in Nigeria. The study used secondary panel data obtained from the Nigerian Exchange Group (NGX) Fact Books for various years, SEC Annual Reports as it covers the years of enquiries (2012 to 2022), and Global Reporting Initiative GRI. Variables such as CSR disclosure scoreas dependent variable and firm size, ownership, Board size, board meetings and levevage as independent variables were incorporated into the model. Utilizing SPSS V.22 computer software, descriptive statistics, correlation analysis, and multiple regression analysis using the OLS method was adopted to identify the type of relationship between the variables. The key finding is that firm size (FSIZE) has a significant positive impact on CSR disclosure, supporting hypothesis Ha5. This means larger companies tend to disclose more CSR information compared to smaller ones. It was therefore concluded thatregulatory bodies should set standards for the type of information DMBs need to include in their CSR reports. This could encompass environmental practices, social impact programs, community engagement, and employee well-being.
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