SOCIAL CORPORATE RESPONSIBILITY DISCLOSURE OF SELECTED QUOTED COMPANIES IN NIGERIA

The conflict between firms and stakeholders on environmental issues placed responsibility accounting in the spot light in recent times. The faceoff between these parties is caused by the gap between stakeholder perceived corporate responsibility and the actual corporate social responsibility activities delivered by the firm. Management at different quarters has argued that the social responsibility expectations of stakeholders are beyond its financial constraints. One way to resolve this conflict is by disclosing the amount expended on corporate social responsibility. The objective of the study is to examine the determinants of corporate social responsibility of corporate disclosure in the Nigerian financial sector. The longitudinal research design was adopted for the study and ordinary least ordinary square method was employed. A sample of fifty firms was selected employing simple random sampling technique. The study covers a period of six years, that is, 2008-2013.The study finding shows that there is a positive relationship between firm size and corporate social responsibility disclosure at five percent level of significance. The study finding also shows that profitability, leverage and ownership concentration have no significant relationship with corporate social responsibility at five percent level of significance. The study concluded that profitability is the major determinant of CSRD in the Nigerian financial sector. The study recommended that regulatory agencies should mandate all quoted companies to include corporate social responsibility information in their annual financial reports.