CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND MARKET VALUATION OF LISTED DEPOSIT MONEY BANKS (DMBs) IN NIGERIA

CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND MARKET VALUATION OF LISTED DEPOSIT MONEY BANKS (DMBs) IN NIGERIA

Registration ID: IJNRD_205218

Published ID: IJNRD2310194

DOI: Click Here to Get

Sunday Friday , Ofurum Cliford , Ebere Christopher Chukwuma

CSR disclosure, market valuation, panel data

This study investigates the impact of CSR disclosure on market valuation for deposit money banks in Nigeria. Consistent with the stakeholder theory, the study identifies four dimensions of CSR disclosure: namely, community, employee, government, and shareholders, and estimate their relative impacts on market price per share using a sample of 12 listed deposit money banks in Nigeria for the period from 2010 to 2021. Using the conventional panel estimation methods, we find that none of the CSR disclosure variables exerts a statistically significant effect on market valuation of the sampled banks. However, consistent with the fixed effect theory, our results also show that unobserved bank-specific factors such as organizational culture, and management style and philosophy are significant factors explaining the movements of bank prices in the stock market. Based on these findings, we conclude that investors in the Nigerian banking industry do not assign significant premium to information relating to banks’ CSR activities in their pricing or valuation model.

Published Paper   E-Certificate

"CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND MARKET VALUATION OF LISTED DEPOSIT MONEY BANKS (DMBs) IN NIGERIA", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 10, page no.b866-b875, October-2023, Available :https://ijnrd.org/papers/IJNRD2310194.pdf

Volume 8 Issue 10, October-2023

Pages : b866-b875

Paper Reg. ID: IJNRD_205218

Published Paper Id: IJNRD2310194

Downloads: 000121218

Research Area: Management

Country: Port Harcourt, Rivers State, Nigeria

Published Paper PDF: https://ijnrd.org/papers/IJNRD2310194.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310194

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Publisher: IJNRD (IJ Publication) Janvi Wave

This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

Call For Paper - Volume 10 | Issue 8 | August 2025

IJNRD is Scholarly open access journals, Peer-reviewed, and Refereed Journals, High Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool), Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) with Open-Access Publications.

INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (IJNRD) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world. IJNRD will provide an opportunity for practitioners and educators of engineering field to exchange research evidence, models of best practice and innovative ideas.

Indexing In Google Scholar, SSRN, ResearcherID-Publons, Semantic Scholar | AI-Powered Research Tool, Microsoft Academic, Academia.edu, arXiv.org, Research Gate, CiteSeerX, ResearcherID Thomson Reuters, Mendeley : reference manager, DocStoc, ISSUU, Scribd, and many more

How to submit the paper?

Important Dates for Current issue

Paper Submission Open For: August 2025

Current Issue: Volume 10 | Issue 8

Last Date for Paper Submission: Till 31-Aug-2025

Notification of Review Result: Within 1-2 Days after Submitting paper.

Publication of Paper: Within 01-02 Days after Submititng documents.

Frequency: Monthly (12 issue Annually).

Journal Type: International Peer-reviewed, Refereed, and Open Access Journal.

Subject Category: Research Area