EFFECT OF CHIEF EXECUTIVE OFFICER’S ATTRIBUTES ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURES OF DEPOSIT MONEY BANKS IN NIGERIA: DOES ACCOUNTING REGULATIONS MATTER?
EFFECT OF CHIEF EXECUTIVE OFFICER’S ATTRIBUTES ON CORPORATE SOCIAL RESPONSIBILITY DISCLOSURES OF DEPOSIT MONEY BANKS IN NIGERIA: DOES ACCOUNTING REGULATIONS MATTER?

Summary/Abstract: Corporate social responsibility (CSR) disclosures have become a crucial element of corporate openness and engagement with stakeholders, especially in the banking industry. The disclosures are influenced by key elements such as the traits of the Chief Executive Officer (CEO), financial experience, diversity, tenure, and nationality. The CEO exerts significant influence in shaping the company's reporting, particularly in terms of CSR reporting, due to their position as the most influential individual within the organisation. However, Nigerian Deposit Money Banks (DMBs) are facing growing scrutiny to showcase their dedication to sustainable and ethical operations by providing detailed CSR disclosures. Therefore, this study examined the effect of CEO attributes on CSR disclosure of DMB in Nigeria. The data for this study were extracted from annual reports of the 13 listed DMBs for the period of eight (8) years from 2015 - 2022.The findings of this study revealed that the gender diversity, nationality, and tenure of the CEO are key elements that greatly influence the CSR disclosure of DMBs in Nigeria. In conclusion, the CEO attributes have a significant influence on the CSR disclosure of DMBs in Nigeria. The study recommended that banks appoint CEOs with positive attributes, as the findings indicate a significant impact on the companies' CSR practices.

• Details
• Contents