EFFECT OF BOARD SIZE AND CHIEF EXECUTIVE DUALITY ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE OF QUOTED BREWERY COMPANIES IN NIGERIA

EFFECT OF BOARD SIZE
AND CHIEF EXECUTIVE
DUALITY ON CORPORATE
SOCIAL RESPONSIBILITY
DISCLOSURE OF QUOTED
BREWERY COMPANIES IN
NIGERIA
Uche Okoro Orji 1 , John U. Ihendinihu 2 &
Ndukwe O. Dibia 3
1&3
Department of Accountancy, Faculty
of Business Administration
Abia State University, Uturu, Nigeria.
ucheorji4real@yahoo.com
nodibia2006@yahoo.com
&
2
Department of Accounting,
College of Management Sciences,
Michael Okpara University of Agriculture,
Umudike
ihendinihu.john@gmail.com
Accounting and Finance Research Association
ABSTRACT
This study investigates the effect of Board size
and Chief Executive Officer (CEO) duality on
Corporate Social Responsibility Disclosure of
quoted brewery companies in Nigeria. The
intention is to determine the causal link
between identified predictors and corporate
social performance disclosures of listed
entities in the Nigerian brewery industry. Ex
post facto research design was adopted and
time series data on the two firm specific
characteristics extracted from published
annual financial statements of selected firms
for the period 2009 to 2018. Content analysis
of the annual accounts was conducted using a
validated Corporate Social Responsibility
Disclosure Index (CSRDI). The data collected
were analysed using Ordinary Least Squares
(OLS) regression technique. Results reveal
that board size has significant positive effect
on CSR disclosure level, while CEO duality
indicates an inverse but insignificant
association with CSR. Based on the outcomes
from the research, the paper concludes that
the identified firm characteristics are critical
to corporate social performance and
recommends that large and experienced
persons should be put on the boards, while
the position of the
Chief Executive Officer should be separated
from that of the Board Chairman for effective
checks and balances in the management of
corporate entities in the sector.
Keywords: Corporate Disclosure, Board Size,
Chief Executive Officer Duality, Corporate
social responsibility

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