BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA
Understanding how board characteristics influence corporate social responsibility (CSR) remains a pressing concern for governance and sustainability in the banking sector. This study examined the impact of board characteristics measured by board size, board independence, and gender diversity on the...
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| Format: | Article |
| Language: | English |
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Department of Accounting and Finance, Federal University Gusau
2024-09-01
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| Series: | Gusau Journal of Accounting and Finance |
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| Online Access: | https://journals.gujaf.com.ng/index.php/gujaf/article/view/357 |
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| author | Ibrahim Halidu Saidu Saidu Amina Umar |
| author_facet | Ibrahim Halidu Saidu Saidu Amina Umar |
| author_sort | Ibrahim Halidu Saidu |
| collection | DOAJ |
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Understanding how board characteristics influence corporate social responsibility (CSR) remains a pressing concern for governance and sustainability in the banking sector. This study examined the impact of board characteristics measured by board size, board independence, and gender diversity on the CSR of listed deposit money banks in Nigeria. The research adopted a correlational research design and utilized secondary panel data spanning 2014 to 2023, with a population of 10 listed banks and a census sample of all. Data were sourced from publicly available annual reports and regulatory filings and analysed using simple multiple regression within a panel data framework. Findings reveal that board size, board independence, and gender diversity each have a statistically significant and positive influence on CSR expenditures. The study concludes that effective board composition especially larger, more independent, and gender-diverse boards enhances CSR engagement in the Nigerian banking context. It recommends that banks strengthen governance by expanding board size, ensuring a minimum 60% representation of independent directors, and increasing female participation to at least 30% in order to foster more ethical and socially responsible corporate behaviour.
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| format | Article |
| id | doaj-art-71ed6ca76e5241a7a0b2c8a8be9b0f54 |
| institution | Matheson Library |
| issn | 2756-665X 2756-6897 |
| language | English |
| publishDate | 2024-09-01 |
| publisher | Department of Accounting and Finance, Federal University Gusau |
| record_format | Article |
| series | Gusau Journal of Accounting and Finance |
| spelling | doaj-art-71ed6ca76e5241a7a0b2c8a8be9b0f542025-08-01T04:46:00ZengDepartment of Accounting and Finance, Federal University GusauGusau Journal of Accounting and Finance2756-665X2756-68972024-09-015110.57233/gujaf.v5i1.10BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIAIbrahim Halidu Saidu0Saidu Amina Umar1Department of Financial Reporting, ANAN University KwalL, Jos, Plateau State, NigeriaDepartment of Accounting, Nuhu Polytechnique Zaria. Kaduna State Understanding how board characteristics influence corporate social responsibility (CSR) remains a pressing concern for governance and sustainability in the banking sector. This study examined the impact of board characteristics measured by board size, board independence, and gender diversity on the CSR of listed deposit money banks in Nigeria. The research adopted a correlational research design and utilized secondary panel data spanning 2014 to 2023, with a population of 10 listed banks and a census sample of all. Data were sourced from publicly available annual reports and regulatory filings and analysed using simple multiple regression within a panel data framework. Findings reveal that board size, board independence, and gender diversity each have a statistically significant and positive influence on CSR expenditures. The study concludes that effective board composition especially larger, more independent, and gender-diverse boards enhances CSR engagement in the Nigerian banking context. It recommends that banks strengthen governance by expanding board size, ensuring a minimum 60% representation of independent directors, and increasing female participation to at least 30% in order to foster more ethical and socially responsible corporate behaviour. https://journals.gujaf.com.ng/index.php/gujaf/article/view/357Board characteristicsCSRlisted deposit money banks in Nigeria |
| spellingShingle | Ibrahim Halidu Saidu Saidu Amina Umar BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA Gusau Journal of Accounting and Finance Board characteristics CSR listed deposit money banks in Nigeria |
| title | BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA |
| title_full | BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA |
| title_fullStr | BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA |
| title_full_unstemmed | BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA |
| title_short | BOARD CHARACTERISTICS AND CORPORATE SOCIAL RESPONSIBILITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA |
| title_sort | board characteristics and corporate social responsibility of listed deposit money banks in nigeria |
| topic | Board characteristics CSR listed deposit money banks in Nigeria |
| url | https://journals.gujaf.com.ng/index.php/gujaf/article/view/357 |
| work_keys_str_mv | AT ibrahimhalidusaidu boardcharacteristicsandcorporatesocialresponsibilityoflisteddepositmoneybanksinnigeria AT saiduaminaumar boardcharacteristicsandcorporatesocialresponsibilityoflisteddepositmoneybanksinnigeria |