Skip to content
Research Article Open access CC BY 3.0

Effect of Firm Size and Profitability on Corporate Social Disclosures: The Nigerian Oil and Gas sector in Focus

O. T. Ebiringa, Emeh Yadirichukwu, E. E. Chigbu, Obi Joseph Ogochukwu

Journal of Economics, Management and Trade · pp. 563–574 · Published 31 Aug 2013

10.9734/BJEMT/2013/5147

Abstract

The objective of this paper is to examine the effect of firm size and profitability on the extent of corporate social disclosures by Oil and Gas firms in Nigeria. A sample of twenty quoted companies selected using the simple random sampling technique was utilized for the study. Secondary data retrieved from content analysis of the audited financial reports of the selected companies for 2011 financial year was employed in the study. The ordinary least squares regression technique was used for data analysis. The findings among other shows that an insignificant negative correlation exists between CSR disclosure and firm size. Profitability is significantly positively related to CSR disclosure of the companies. We recommend that there is urgent need for regulatory agencies to develop a CSR disclosure framework that focuses considerably on utilizing firm profitability and providing incentives and penalties as the case may be for firms’ corporate social responsiveness level.

Corporate social responsibility firm size profits leverage financial reporting

References (22)

  1. 1 Strategic management a stakeholder approach
  2. 2 A Three-Dimensional Conceptual Model of Corporate Performance [DOI]
  3. 3 A Stakeholder Framework for Analyzing and Evaluating Corporate Social Performance [DOI]
  4. 4 Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility [DOI]
  5. 5 Corporate social and environmental reporting [DOI]
  6. 6 Stockholders and Stakeholders: A New Perspective on Corporate Governance [DOI]
  7. 7 Towards a Positive Theory of the Determination of Accounting Standards. [DOI]
  8. 8 Determinants of corporate social responsibility disclosure: An application of stakeholder theory [DOI]
  9. 9 Corporate Social Performance As a Competitive Advantage in Attracting a Quality Workforce [DOI]
  10. 10 The Cross-National Diversity of Corporate Governance: Dimensions and Determinants [DOI]
  11. 11 Corporate Social Reporting: A Rebuttal of Legitimacy Theory [DOI]
  12. 12 Why do countries matter so much for corporate governance?☆ [DOI]
  13. 13 Accounting Conservatism and Board of Director Characteristics: an Empirical Analysis [DOI]
  14. 14 The Impact of Size, Stock Market Listing, and Auditors on Voluntary Disclosure in Corporate Annual Reports [DOI]
  15. 15 How Hot Is Your Bottom Line? Linking Carbon and Financial Performance [DOI]
  16. 16 Business Ethics: The State of the Art [DOI]
  17. 17 Corporate Social and Environmental Disclosure: A Positive Accounting Theory View Point
  18. 18 Factors influencing intellectual capital disclosure by Portuguese companies [DOI]
  19. 19 Determinants of Environmental Disclosure in Thai Corporate Annual Reports [DOI]
  20. 20 Gas Flaring and its Implication for Environmental Accounting in Nigeria [DOI]
  21. 21 Managing for stakeholders: survival, reputation, and success [DOI]
  22. 22 Audit Committee Financial Expertise, Corporate Governance and Accruals Quality: An Empirical Analysis [DOI]

Cited by 65

Corporate social responsibility practice and corporate financial performance: evidence from Nigeria companies

Aliyu Baba Usman, Noor Afza Binti Amran · Social Responsibility Journal · 2015

Narrative Analysis of Annual Reports—A Study of Corporate Social Disclosure in the Pre- and Post-Mandate Period

Sumona Ghosh · CSR, Sustainability, Ethics & Governance · 2019

Firm’s Engagement in Corporate Social Responsibilities in Nigeria

A. C. Onuorah, B. A. Ozurumba · Journal of Management and Strategy · 2018

Firm Value Predictor and the Role of Corporate Social Responsibility

Ismi Farida Siregar, Roekhudin Roekhudin, Lilik Purwanti · Jurnal Keuangan dan Perbankan · 2018

Corporate ethical standard and the quality of sustainability reporting: empirical evidence from commercial banks in nigeria

Sharon O Oluseyi-sowunmi, Akintola A Owolabi, Francis O Iyoha · IOP Conference Series: Earth and Environmental Science · 2019

Corporate Governance Strength, Firm’s Characteristics, and Islamic Social Report: Evidence from Jakarta Islamic Index

Wahyono Wahyono, Eskasari Putri, Bayu Tri Cahya · Journal of Accounting and Investment · 2020

An examination of the quality of social and environmental disclosures by Nigerian oil companies

Odhiambo Odera, Albert Scott, Jeff Gow · Corporate Governance · 2016

Sustainability performance reporting in Ghana: the views of SMEs

Acheampong Owusu, Venancio Tauringana, Nicholas Asare · Small Enterprise Research · 2024

Pengaruh Profitabilitas, Ukuran Perusahaan dan Kepemilikan Publik pada Pengungkapan Corporate Social Responsibility

Anak Agung Windra Lorna Pramesti, I Gusti Ayu Nyoman Budiasih · E-Jurnal Akuntansi · 2020

The spirit is willing, but the institutions are weak: disclosure of corporate social responsibility and the financial sector in transition

Khurshid Djalilov, Christopher A. Hartwell · Eurasian Business Review · 2022

Showing 20 of 65 known citations — external sources report more than can currently be individually listed.

Related research

Article metrics

Real usage data collected on this platform.

109

Page views

0

PDF downloads

56

Outbound clicks

65

Citations

Views over time

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

Traffic sources

Referring site, by host.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.