Corporate Social Disclosures and Financial Performance of Listed Commercial Banks in Nigeria
Year: 2026
Type: article
Abstract: This study investigated the effects of corporate social disclosures on financial performance of publicly listed commercial banks in Nigeria using ex-post facto research design. Secondary data involving twelve (12) publicly listed commercial banks were obtained and data computed from audited annual reports and accounts on metrics of corporate social disclosure (costs on community development, educational sponsorship and donation) and financial performance (return on assets) from 2014-2025. Data obtained were analyzed using descriptive statistics (mean, standard deviation, skewness, kurtosis, and Pearson correlation), regression diagnostic statistics (variance inflation factor) and inferential statistics (multiple regression models). The multiple regression results revealed that costs on community development, educational sponsorship and donation significantly and positively affect return on assets of the publicly listed commercial banks in Nigeria. Given the findings, the study recommends the need for publicly listed commercial banks to increase their contributions to community development, and educational sponsorship activities to host communities. More so, donations for charities and other activities are encouraged; these initiatives require intensify efforts which will in turn enhance not only corporate social disclosure practices, but overall financial performance of publicly listed commercial banks in Nigeria.
Author: Osasere Festus Imasuen PhD
Institution: Edo State Polytechnic, Usen
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W7203602953