Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria

Oyewumi, Obafemi Rufus; Ogunmeru, Oluwabunmi A.; Oboh, Collins Sankay

doi:10.1016/j.fbj.2018.06.004

Cited by 94 publications

(83 citation statements)

References 39 publications

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“…The results show that companies with better disclosure have, possibly, superior financial results. The positive association between disclosure and financial performance is corroborated by Chen et al (2015), Qiu et al (2016), Platonova et al (2018) and Oyewumi et al (2018). This study does not analyze causality, but in an exploratory way it presents evidences that this relation can Sustainability practices and performance in the sugar and etanol industry ____________________________________________________________________________________ Revista de Gestão Social e Ambiental -RGSA, São Paulo, v. 13, n. 1, p. 57-75, jan./abr.…”

Section: Discussionmentioning

confidence: 93%

“…Platonova, Asutay, Dixon, and Mohammad (2018) also found a positive relationship when studying Islamic banks and, unlike Chen et al (2015), this positive relation is evidenced when analyzing the indicators together. In another context, Oyewumi, Ogunmeru, and Oboh (2018) studied banks in Nigeria and found a positive relationship of social disclosure with financial performance. Negative relations were also found in the literature, both in the international context (Mathuva and Kiweu 2016), and in the Brazilian context (Holanda, Almada, De Luca, & Gallon, 2011;Viviani, Moura, Macêdo, & Silva, 2014).…”

Section: Disclosurementioning

confidence: 99%

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Sustainability Practices and Performance in the Sugar and Ethanol Industry

Ferreira

Chiareto

Mascena

2019

RGSA

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This study aimed to identify the sustainability practices of companies in the Brazilian sugarcane industry participating in the Clean Development Mechanism (CDM). We identified sustainability practices in the Global Reporting Initiative (GRI) reports, in the social and environmental dimensions, and we investigated the association with the financial performance. We developed a content analysis of the reports disclosed by 18 groups of companies, controllers of 48 plants of Brazilian sugarcane industry participating in the CDM. The results indicated that the most indicators reported by the plants refer to initiatives and strategies for protection and preservation of the environment. As for the actions developed by the plants with the intention of preservation and environmental protection, we found 25 different actions. The most commonly performed practices are related to the reduction of cane burning and CO2 emissions; preservation or restoration of the Permanent Preservation Areas (PPAs) and Private Reserve of the Natural Heritage (PRNH) or seedlings cultivation; and electricity generation. We found out, through cluster analysis, that companies that reported more indicators in the social and environmental dimensions also have higher volume of net sales. This study contributes by presenting a performance analysis in sustainability of mills groups finding that there is still opportunity for greater disclosure of the mills sustainability performance, through the disclosure of more comprehensive reports for a more effective communication with stakeholders. This study also contributes to the literature deepening the analysis of a specific context and understanding the different levels of sustainability disclosure.

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Section: Discussionmentioning

confidence: 93%

Section: Disclosurementioning

confidence: 99%

Sustainability Practices and Performance in the Sugar and Ethanol Industry

Ferreira

Chiareto

Mascena

2019

RGSA

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“…Se ha investigado las influencias de la RSE en la gestión y el rendimiento corporativo en varios escenarios empresariales observando experiencias positivas en su implementación (Park, 2019). Desde la perspectiva de la gestión, las actividades de RSE son un deber importante para la supervivencia estratégica y sostenible de las empresas, la RSE se describe como la identificación, medición, monitoreo y reporte de los efectos sociales y económicos de una organización en la sociedad (Oyewumi et al, 2018). La rentabilidad social, en muchos casos, es entendida como las adecuadas relaciones con los grupos de interés, mejor reputación e imagen, reconocimiento de las comunidades donde mantienen operaciones, motivación de sus trabajadores, entre los principales beneficios.…”

Section: Launclassified

Control de proyectos de Responsabilidad Social empresarial: Estudio en empresas mineras

Puente¹,

Chavez²,

Oblitas³

et al. 2019

rgv

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“…items disclosed by a company on a voluntary basis, is the providing of additional information when mandatory disclosure does not provide an accurate picture of a company. Meek et al (1995, in Shehata, 2014 define voluntary disclosure as additional financial and other relevant information e. g. corporate social responsibility Obafemi et al (2018), complementing the management's disclosures in order to assist readers of annual reports and enable them to make the best possible decisions.…”

Section: Theoretical Background and Hypothesesmentioning

confidence: 99%

The Level of Disclosure in Annual Reports of Banks: The Case of Slovenia

Kolar

Falež

2018

Organizacija

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Background and Purpose:Many studies have explored the disclosures in annual reports of companies. Annual reports of banks differ significantly from annual reports of other business entities, particularly in terms of disclosed items. The aim of this article is to investigate the level of disclosures and which factors influence the level of disclosure in the annual reports of banks in Slovenia. Design/Methodology/Approach: We have observed disclosures of all banks in Slovenia for year 2012 and 2015. The factors as used in the study are age, size, the government share, profitability and complexity of a bank. Our disclosure checklist consists of 144 voluntary and mandatory items. Statistical analysis is performed using linear regression analysis. Results: The average score for banks in Slovenia is near 94 points or 63% of all possible disclosures. The results of analyses indicated positive associations and statistical correlations between the level of disclosure in annual reports and the size of a bank, the share of government ownership and negative statistical influence of the age of bank on the level of disclosure. Our results do not show statistically significant correlation between the level of disclosure and a bank's profitability and complexity, which is against theory and findings from other similar research. Conclusion: In our opinion, results well reflect the Slovenian banking system and how banks reveal their information. Our finding is that banks in Slovenia provide less information to the public compared to the average companies in other branches or banks in similarly developed countries. The paper's main contribution is to deepen our knowledge about disclosures in the bank's annual reports and the answers what are the influential factors of disclosures for banks.

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Investment in corporate social responsibility, disclosure practices, and financial performance of banks in Nigeria

Cited by 94 publications

References 39 publications

Sustainability Practices and Performance in the Sugar and Ethanol Industry

Sustainability Practices and Performance in the Sugar and Ethanol Industry

Control de proyectos de Responsabilidad Social empresarial: Estudio en empresas mineras

The Level of Disclosure in Annual Reports of Banks: The Case of Slovenia

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