CORPORATE GOVERNANCE AND SOCIAL IMPACT IN NIGERIA

CORPORATE GOVERNANCE
AND SOCIAL IMPACT IN
NIGERIA
Roseline Chinasa Agbaraevoh 1 , John
Uzoma Ihendinihu 2 and Ndukwe Orji
Dibia 1
1 & 2
Department of Accounting,
Abia State University. Uturu
2
Department of Accounting
Michael Okpara University of
Agriculture, Umudike.
ABSTRACT
Business entities are expected to impact
the society positively in order to continue
to enjoy the goodwill of the various
stakeholders. Their social impact can beBook of Abstract
measured by the amount the company
spends on their corporate social
responsibility, (CSR). This study used the
CSR donations as a measure of the social
impact the firms exerts on the society. An
OLS regression analysis was run to ascertain
how some components of corporate
governance impacted the society. The study
surveyed twenty firms quoted in Nigerian
Stock Exchange and covered a period of 14
years from 20062019. The result shows that
Board size (BS), CEO duality (CEOD) and
foreign directors (FDIR) influenced the
amount the firms spent on social impact,
positively and significantly.
Key words: Corporate governance, CSR
donations and social impact

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