Effect of corporate governance on corporate social responsibility disclosure of companies in the Nigeria’s construction industry

Abstract

This paper inspects corporate governance paraphernalia on corporate social responsibility disclosure of companies in the Nigerian Construction Industry. Sample of five (5) construction companies were taking for the period of five (5) years from, 2013-2017, researchers used secondary data which produced from annual reports and accounts of the companies sampled. The data was analyses by the means of descriptive statistics and regression analysis using Stata package. Results reveal that board size has positive and significant link with corporate social responsibility disclosure, thus the most important of corporate social responsibility disclosure of construction companies in Nigeria. CEO Duality has positive but insignificant relationship with corporate social responsibility disclosure, however board composition, and audit committee composition have negative effects on corporate social responsibility disclosure of the sampled companies. Based on the findings, the study recommend that the board size should not have less than seven (7) members given the levels of higher number of board size to greater disclosure of corporate social responsibility activities of the companies sampled. Audit committee composition and board composition should encompasses knowledgeable members. Predominantly, the companies should ensure adequate obedience to the code of corporate governance in view of its essential importance in the actualization of increased corporate social responsibility disclosure.