SOCIAL REPORTING DISCLOSURE AND CORPORATE PERFORMANCE OF MULTINATIONAL FIRMS IN NIGERIA

Dr. Solomon Egbe

Dr. Solomon Egbe University Of Port Harcourt, Choba, Nigeria

Keywords: Social reporting disclosure, corporate performance, multinational firms, return on asset, earning per share, icommunity development cost

Abstract

This study analyses social reporting disclosure and corporate performance in the Nigerian bank. The specific objectives contains the relationship between community development costs disclosure and return on asset of multinational firms in Nigeria, and pollution control cost disclosure and earnings per share. Secondary data obtained from Nigeria Stock Exchange for the period 2006-2017 was regressed using the Eview-9 Statistical Software to determine the relationship between the independent and dependent. The first hypothesis showed that there is no significant relationship between community development costs and return on asset. Hypothesis two revealed that the second hypothesis hypothesized that there is no significant relationship between pollution cost control and earning per share. In conclusion, return on asset, earnings per share are all important determinants of social reporting disclosure in Nigeria both in the short run and the long run as these variables have negative effect and thus stimulate corporate performance in Nigeria. While community development costs and pollution cost control have negative impact on Social reporting disclosure in Nigeria as these variables are found to be statistically insignificant in predicting the development of the economy. It is recommended that policymakers should be concerned with community welfare, given that profit after tax is a strong indicator of social reporting disclosure as it is positive and statistically significant; to promote social reporting disclosure in Nigeria through promulgation of laws that will mandate multinationals firms to disclosure social corporate responsibilities; that community development costs should be cubed higher than the pollution cost control in the multinationals budget and multinationals should strengthen project monitoring and evaluation team stabilizing the monetary policy and also corruption should be tackle with all sincerity in antecedent to community welfare.

Author Biography

Dr. Solomon Egbe, University Of Port Harcourt, Choba, Nigeria

Department of Accounting, Faculty of Management Sciences,

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