An Examination of the Relationship between Management Ownership and Corporate Social Responsibility Disclosure: A Study of Selected Firms in Nigeria

This study investigates of the relationship between management ownership and the level of corporate social responsibility disclosure of listed firms in Nigeria. Using the judgemental sampling technique, a total of 35 listed firms were selected for this study. Also, the annual reports for the periods 2006-2010 was utilized as the main source of data collection for the selected firms. In addition, the simple regression analysis was employed as a statistical technique for analyzing the data collected. The paper revealed that managerial ownership structure has a significant positive impact on the level of corporate social responsibility disclosures among firms. The paper therefore calls for the encouragement of more managerial investors to participate in the ownership of firms, since it would encourage them to participate more actively in monitoring and aligning management and pushing them to change to better ways in achieving higher standard of corporate social performanc

An Empirical Investigation of the Association between Firms'Characteristics and Corporate Social Disclosures in the Nigerian Financial Sector

This paper investigates the association between firms’ characteristics and the level of corporate social disclosures in the Nigerian financial sector. Using the judgemental sampling technique, a total of 31 listed firms have been selected for this study based on their level of market capitalization and direct financing of most firms from the manufacturing industry. Also,using the content analysis method of eliciting data, a scoring scheme was used for measuring the extent of corporate social disclosure in the annual report. The study observed that a positive association existed between a firm’s characteristics and the level of corporate social disclosure. In addition, the paper observed that corporate social disclosures by listed firms are still in its infancy. The paper therefore calls for standard setting bodies to put in place a corporate social environmental reporting framework, in order to improve the level of corporate social disclosures among of listed firms in the financial industr

Corporate Governance and Share Price: Evidence from listed Firms in Nigeria

Most companies in Nigeria adopt corporate governance practices without really knowing the resultant effects on share price. Although there have been numerous research efforts on corporate governance and company performance in Nigeria, little has been done concerning finding out the effects of the corporate governance practices of listed Nigerian companies on share price, which is one of the most obvious aspects of company affairs. This study therefore aims to find out the relationship between corporate governance practices and share price. The corporate governance mechanisms under study are ownership structure and the audit committee, while share prices over a three-year period have been related to these mechanisms. The sample size comprises thirty companies listed on the Nigerian Stock Exchange, while the regression and correlation analysis were used to test the hypotheses. The empirical findings suggest that ownership structure have a negative association with share price, whereas the audit committee is positively related to share price. The study recommends that board members’ shareholding should be regulated to ensure an optimal share price disposition