A business case argument for corporate social responsibility disclosure in Nigeria

IF 1.2 Q4 MANAGEMENT

Africa Journal of Management Pub Date : 2020-10-01 DOI:10.1080/23322373.2020.1779450

Inalegwu Ode-Ichakpa, E. Cleeve, Chibuzo Amadi, Godswill Osemeke

引用次数: 5

Abstract

ABSTRACT From the theoretical perspectives of stakeholder, agency and slack resources, and using fixed effects and random effects models, this study investigates the relationship between corporate social responsibility (CSR) and financial performance. The study adopts fixed and random effects panel estimates which deal with unobserved heterogeneity not addressed by OLS. The result is positive between CSR and Tobin’s q. This strengthens the argument that CSR creates value for stakeholders. The implications of this study lie in the common knowledge that Nigerian companies should address CSR from a strategic context of meeting stakeholder needs, in addition to satisfying shareholder expectations. Given that Nigeria’s economy by GDP is the largest in Africa, findings in this study have far-reaching implications in the African context.

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尼日利亚企业社会责任披露的商业案例论证

摘要本文从利益相关者、代理和闲置资源的理论视角，运用固定效应和随机效应模型，研究了企业社会责任与财务绩效的关系。该研究采用了固定和随机效应面板估计，处理了OLS未解决的未观察到的异质性。CSR和Tobin的q之间的结果是积极的。这强化了CSR为利益相关者创造价值的论点。这项研究的意义在于，尼日利亚公司除了满足股东的期望外，还应该从满足利益相关者需求的战略背景下解决企业社会责任问题。鉴于尼日利亚的国内生产总值是非洲最大的经济体，这项研究的结果对非洲有着深远的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Africa Journal of Management Business, Management and Accounting-Business and International Management

CiteScore

2.80

自引率

15.40%

发文量

期刊介绍： The beginning of the Twenty First Century has witnessed Africa’s rise and progress as one of the fastest growing and most promising regions of the world. At the same time, serious challenges remain. To sustain and speed up momentum, avoid reversal, and deal effectively with emerging challenges and opportunities, Africa needs better management scholarship, education and practice. The purpose of the Africa Journal of Management (AJOM) is to advance management theory, research, education, practice and service in Africa by promoting the production and dissemination of high quality and relevant manuscripts. AJOM is committed to publishing original, rigorous, scholarly empirical and theoretical research papers, which demonstrate clear understanding of the management literature and draw on Africa’s local indigenous knowledge, wisdom and current realities. As the first scholarly journal of the Africa Academy of Management (AFAM), AJOM gives voice to all those who are committed to advancing management scholarship, education and practice in or about Africa, for the benefit of all of Africa. AJOM welcomes manuscripts that develop, test, replicate or validate management theories, tools and methods with Africa as the starting point. The journal is open to a wide range of quality, evidence-based methodological approaches and methods that “link” “Western” management theories with Africa’s indigenous knowledge systems, methods and practice. We are particularly interested in manuscripts which address Africa’s most important development needs, challenges and opportunities as well as the big management questions of the day. We are interested in research papers which address issues of ethical conduct in different African settings.