Effect of Corporate Social Responsibility on Accounting Expenditure Conservatism in the Nigeria Banking Industry
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Date
2019
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Publisher
Hallmark University Journal of Management and Social Sciences (HUJMSS)
Abstract
There has been ongoing debate on the role of CSR in organizational activities. However, there is lack of consensus on the usefulness of CSR among privately-owned establishments. This study examines the impact of corporate social responsibility (CSR) on accounting conservatism in the Nigerian banking sector. The study employed the quantitative research design, precisely the experimental research design. The major findings of the study revealed that CSR captured as societal expenditure, employee relations expenditure and environmental management expenditure had positive but negligible impact on accounting conservatism in selected deposit money banks in Nigeria. A million naira increase in societal expenditure, employees relation and environmental management expenditure would increase conservatism approximately by 0.01%, 1.1% and 0.04% respectively. To this end, the study concludes that although corporate social responsibility promotes conservatism in the Nigerian banking sector, it’s impact is not robust