THE MODERATING EFFECT OF FIRM FINANCIAL PERFORMANCE IN THE RELATIONSHIP BETWEEN BOARD DIVERSITY, BOARD MEETING AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE IN NONFINANCIAL COMPANY IN NIGERIA

Abstract

Corporate Social Responsibility (CSR) is a concept of social responsibility that aims to inform the public about a company's social actions and their effects on society while also addressing the company's long-term viability (Many corporate social responsibility approaches in developing economies are based on developed-country norms and frameworks. The main purpose of this study is to investigate the moderating effects of firm financial performance relationship between board diversity, board meeting and corporate social responsibility disclosure in listed non-financial companies in particular. The sample data utilized in this study consists of 161 firms in Nigeria's listed nonfinancial companies throughout a ten-year period (2013-2022). Women on boards, board meetings, profitability are the variables considered as interaction variables to affect business performance. Firm size, and age are all control factors. Regression models were used to analyze the data. The findings of this study showed that Nigerian non-financial company release information based on women on boards, board make up, community characteristics, employee information, and other factors. However, the result of the joint interaction of board diversity and board meetings reveals a strong moderating effect on the relationship between board diversity and board meetings and corporate social responsibility disclosure, which is positive and statistically significant. The results presented reveals sufficient evidence that profitability are positively significant moderating effect on the relationship between BM,WOB and CSRD and therefore the null hypothesis (H01,H02) of the study is rejected. Firms should also focus on corporate social responsibility for the improvement of firm performance and internal corporate governance practices. Thus, governments and regulatory authorities should focus on corporate social responsibility for firms, which may reduce those industrial negative impacts on the environment