Influence of Board Mechanisms on Corporate Social Responsibility Disclosures in Nigeria: A Study of Oil and Gas Sector of the Economy

Godstime Osarobo Ikhu-omoregbe (Department of Accounting, University of Benin, Benin, Edo, Nigeria)
Sunday Nosa Ugbogbo (Department of Accounting, Benson Idahosa University, Benin, Edo, Nigeria)

Article ID: 5064

DOI: https://doi.org/10.30564/mmpp.v4i4.5064

Abstract


The study examined the influence of board mechanisms on corporate social responsibility disclosure among oil and gas quoted companies in Nigeria for ten (10) years period (2012-2021). Board mechanisms variables of board independence, board size as well as board gender diversity were analyzed to determine their influence on corporate social responsibility disclosures. Data obtained from the financial statement of various sampled companies were suitably analyzed with the help of descriptive statistics, correlation as well as regression analysis by making use of E-view (9.0) econometric packages. Regression result reveals that board independence has significant and negative influence on corporate social responsibility disclosures while board size and board gender diversity have insignificant and negative influence on corporate social responsibility disclosures of various companies. The study therefore arrived at a conclusion that board independence on the board brings about improvement on corporate social responsibility disclosure among quoted oil and gas companies in Nigeria.


Keywords


Board independence; Board gender diversity; Board size; Corporate social responsibility disclosures; Oil and gas companies

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References


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