Board diversity and firm value; mediating effect of CSR of listed oil firms in Nigeria

A tétel rövid nézete
dc.contributor.authorChondough, Stephanie M.
dc.date.accessioned2022-02-09T02:29:22Z
dc.date.available2022-02-09T02:29:22Z
dc.date.issued2021-06-30
dc.description.abstractIn this empirical study, the mediating effect of corporate social responsibility (CSR) on the nexus between corporate value and board diversity is investigated. However, hypotheses developed for this study were tested with annualized panel dataset of eight (8) Nigerian listed oil and gas firms in the upstream sector spanning 2012 to 2019. Stakeholder theory was used to underpin the study. The study employed three indicators for board diversity (board professionalism, board nationality and board gender), Tobin’s Q and amount spent on CSR. The panel regression results show that looking at the indirect effect in Model One; board diversity has no significant effect on firm value. However, empirical findings indicated that CSR exerts a significant and positive relationship with corporate value. Considering Model Two, the results show that CSR plays a pertinent role in establishing the nexus between corporate value and board diversity, this finding is congruent with stakeholder theory. The study recommends that environmental sensitive firms should maintain an appropriate and balance diverse board as it plays a pertinent and significant role in establishing the nexus between stakeholder relationship and the firms, which can also serve as a mechanism to mitigate manager's opportunistic tendencies behind CSR investment. JEL code: L95, M14, M41en
dc.formatapplication/pdf
dc.identifier.citationApplied Studies in Agribusiness and Commerce, Vol. 15 No. 1-2 (2021) ,
dc.identifier.doihttps://doi.org/10.19041/APSTRACT/2021/1-2/7
dc.identifier.eissn1789-7874
dc.identifier.issn1789-221X
dc.identifier.issue1-2
dc.identifier.jatitleAPSTRACT
dc.identifier.jtitleApplied Studies in Agribusiness and Commerce
dc.identifier.urihttps://hdl.handle.net/2437/328510en
dc.identifier.volume15
dc.languageen
dc.relationhttps://ojs.lib.unideb.hu/apstract/article/view/10778
dc.rights.accessOpen Access
dc.rights.ownerUniversity of Debrecen, Faculty of Economics and Business, Hungary
dc.subjectFirm Valueen
dc.subjectCSRen
dc.subjectBoard Diversityen
dc.titleBoard diversity and firm value; mediating effect of CSR of listed oil firms in Nigeriaen
dc.typefolyóiratcikkhu
dc.typearticleen
Fájlok
Eredeti köteg (ORIGINAL bundle)
Megjelenítve 1 - 1 (Összesen 1)
Nincs kép
Név:
PDF
Méret:
316.87 KB
Formátum:
Adobe Portable Document Format
Letöltés
Gyűjtemények
APSTRACT - Applied Studies in Agribusiness and Commerce (DE-journals)