FIRM SPECIFIC PREDICTORS AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE OF QUOTED OIL AND GAS COMPANIES AND BANKS IN NIGERIA

ABSTRACT

The study, "Firm-specific Predictors and Corporate Social Responsibility Disclosure of Selected Sectors in Nigeria," conducts an empirical investigation into the factors that influence a company's decision to engage in corporate social responsibility during a ten-year period, from 2012 to 2021. Examining the influence of CSR proxies on Return on Asset (ROA), Economic Value Added (EVA), Leverage (LEV), Firm Size (FSZ), and Dividend per Share (DPS) is the primary goal of this research project. Five research questions and hypotheses were developed in null form in order to investigate the impact, and five further research questions were raised in order to provide responses to the research question. In order to build an econometric model and determine the factors influencing corporate social responsibility (CSR) in Nigeria, the study's data came from the annual reports and accounts of the various industries. The study used the multiple regression technique with Gretl's assistance to test its hypotheses at a significance level of 5%. The results showed that while EVA was statistically significant at 1%, ROA, LEV, and DPS are not strong drivers of CSR since they do not significantly influence the prediction, determination, and encouragement of enterprises to engage in CSR in the sectors under study. Nevertheless, the multi-collinearity issue led to the removal of FSZ. Ultimately, the study comes to the conclusion that there is a strong correlation between corporate social responsibility and the variables that influence it in the areas that it is examined. The study advises business management to focus heavily on economic value added since it has been shown to be a crucial determinant when making decisions about investing in corporate social responsibility.