Board Characteristics and Corporate Social Responsibility Disclosure of Listed Food Products Firms in Nigeria

The MasterMind Project Sabo Muhamad 100 PAGES (24966 WORDS) Dissertation
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Abstract 

This study examines the impact of Board Characteristics on Corporate Social Responsibility Disclosure of listed food product firms in Nigeria over the period 2005-2014. A Sample of six firms out of eleven food product firms listed on the floor of Nigerian Stock Exchange was studied. The study made use of secondary data generated from Annual Reports and Accounts of the sampled firms and the Nigerian Stock Exchange Fact book. The data was analyzed by means of descriptive statistics, correlation and regression analysis using STATA (version 12) package.The study reveals that board size and women on board show a significant positive association with corporate social responsibility disclosure of the sample firms. While managerial ownership show a significant negative effect on corporate social responsibility disclosure. However, board independence indicates an insignificant association with corporate social responsibility disclosure. While the control variable (Size) show an insignificant negative relationship with corporate social responsibility disclosure. Based on the findings, the study concludes that board characteristics impact on corporate social responsibility disclosure also, the study recommends among others, that firms in the food product should have a competent size of 9 to 15 of board members, so as to encourage corporate social responsibility disclosure. Also, the proportion of non-executive directors on the board should be maintained and the appointment should be strictly based on experience and expertise as this will also ensure more corporate social responsibility disclosure. Also, women participation on the board should be encourage as much as possible since women may have different skills compared to their men counterpart as this will help in ensuring full disclosure of all CSR related information. 



Table of Contents
DECLARATION 

CERTIFICATION.

APPROVAL CERTIFICATION

ACKNOWLEDGEMENTS  DEDICATION

LIST OF TABLES

CHAPTER ONE INTRODUCTION 

1.1 Background to the study 

1 1.2 Statement of Research Problem 

4 1.3 Objectives of the Study 

1.4 Statement of Research Hypotheses 

1.5 Significance of the Study 

1.6 Scope of the Study 

 

CHAPTER TWO 

LITERATURE REVIEW 

2.1 Introduction 

2.2 Company Board Characteristics 

2.3 Component of Board 

2.3.1 Board Size 

2.3.2 Board Independence 

2.3.3 Managerial Ownership 

2.3.4 Women Directors 

2.4 Voluntary Disclosure 

2.5 Concept of CSR and CSR Disclosure 

2.5.1 CSR and CSR Disclosure in Nigeria 

2.5.2 Classification of Corporate Social Responsibility Disclosure 

2.5.3 Perseverance of Corporate Social Responsibility Disclosure 

2.6 Empirical Review on Board Characteristics and Corporate Social Responsibility Disclosure 

2.6.1 Board Size (BS) and Corporate Social Responsibility Disclosure (CSRD) 

2.6.2 Board Independent (BI) and Corporate Social Responsibility Disclosure (CSRD)

2.6.3 Managerial Ownership (MOWN) and Corporate Social Responsibility Disclosure (CSRD) 

2.6.4 Board Women (WB) and Corporate Social Responsibility Disclosure (CSRD) 

2.7 Theoretical Framework 

2.7.1 Legitimacy Theory 

2.7.2 Stakeholder Theory 

2.7.3 Stewardship Theory 

 

CHAPTER THREE 

RESEARCH METHODOLOGY 

3.1Introduction .

3.2 Research Design 

3.3 Population of the Study 

3.4 Sample Size and Sampling Technique

3.5 Sources and Methods of Data Collection Collection

3.6 The Variables of the Study and their Measurement

3.6.1 The Dependent Variable.

3.6.2 Explanatory variables

3.7 Techniques for data analysis

3.7.1 Model of the Study


CHAPTER FOUR FOUR 

RESULTS AND DISCUSSIONS 

4.1 Introduction 

4.2 Robustness Test of Independent and Dependent Variables

4.2.1 MulticollinearityTest

4.2.2 Heteroskedasticity Test 

4.3 Analysis of Data 

4.3.1 Descriptive Statistics 

4.3.2Correlation Result  

4.3.3:Regression Result 

4.4 Test of Hypothesis 

4.4.1 Hypothesis one  

4.4.2 Hypothesis Two 

4.4.3 Hypothesis Three 

4.4.4Hypothesis Four  


CHAPTER FIVE 

SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 

5.1 Summary 

5.1.1 Summary of Work Done 

5.1.2 Summary of Findings 

5.2 Conclusions 

5.3. Recommendations 

5.4 Suggestions for Further Research  REFERENCES

APPENDIX  

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APA

The MasterMind, P (2021). Board Characteristics and Corporate Social Responsibility Disclosure of Listed Food Products Firms in Nigeria. Afribary.com: Retrieved March 01, 2021, from https://afribary.com/works/board-characteristics-and-corporate-social-responsibility-disclosure-of-listed-food-products-firms-in-nigeria

MLA 8th

Project, The MasterMind. "Board Characteristics and Corporate Social Responsibility Disclosure of Listed Food Products Firms in Nigeria" Afribary.com. Afribary.com, 20 Feb. 2021, https://afribary.com/works/board-characteristics-and-corporate-social-responsibility-disclosure-of-listed-food-products-firms-in-nigeria . Accessed 01 Mar. 2021.

MLA7

Project, The MasterMind. "Board Characteristics and Corporate Social Responsibility Disclosure of Listed Food Products Firms in Nigeria". Afribary.com, Afribary.com, 20 Feb. 2021. Web. 01 Mar. 2021. < https://afribary.com/works/board-characteristics-and-corporate-social-responsibility-disclosure-of-listed-food-products-firms-in-nigeria >.

Chicago

Project, The MasterMind. "Board Characteristics and Corporate Social Responsibility Disclosure of Listed Food Products Firms in Nigeria" Afribary.com (2021). Accessed March 01, 2021. https://afribary.com/works/board-characteristics-and-corporate-social-responsibility-disclosure-of-listed-food-products-firms-in-nigeria