Corporate Governance Mechanisms and Corporate Social Responsibility of Breweries in Nigeria
- Post by: deqe
- September 13, 2022
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ABSTRACT
The main objective of the study is to analyze the relationship between corporate governance issues and corporate social responsibility in Breweries Nigeria. The specific objectives of the study are to examine the relationship between Board Size and corporate social responsibility expenditure of breweries in Nigeria, explore the relationship between Board Composition and Corporate Social Responsibility expenditure of breweries in Nigeria, and evaluate the relationship between Audit Committee Size and Corporate Social Responsibility expenditure of breweries in Nigeria. The study targeted the 4 Breweries firms listed on Nigeria Stock Exchange during the period from 2010 to 2019. The ex-post facto research design was adopted as secondary data were collected from the annual financial statement and account of the four breweries and analyzed using Correlation Analysis. Findings from the analysis suggest that Board Size and Board Composition positively and significantly related to Corporate Social Responsibility of the Breweries while Audit Committee Size positively, but significantly related to Corporate Social Responsibility of the firms during the period. Based on these findings, it was recommended that Breweries in Nigeria should improve their Corporate Social Responsibility performance by maximizing the number of board members to exploit their potential and wealth of experience. It was further recommended that Breweries in Nigeria should improve Corporate Social Responsibility and Good Corporate Governance by ensuring that the independent and non-executive members constitute the majority of board members in their firms. Lastly, it was recommended that Breweries in Nigeria should improve Corporate Social Responsibility by ensuring that the Audit Committee Size is maximized to improve, budgets, financial decisions, and audit quality of the firms.
Keywords: Corporate Governance Mechanisms; Corporate Social Responsibility; Breweries; Board Size; Auditors
Authorship
1Ani, Nwasinachi Chinyere and 2Prof. Oliver Ike Inyiama