Gender and Age Heterogeneities and Corporate Social Responsibility Disclosure: A Study of Manufacturing Firms in Nigeria

Abstract

There is rareness of empirical studies on the relationship between gender and age heterogeneities and corporate social responsibility disclosure, particularly for manufacturing firms in Nigeria. This study employs a disaggregated model in evaluating the relationship. Thus, this study seeks to assess the relationship between gender and age heterogeneities and corporate social responsibility disclosure. Data were gathered from thirty-eight (38) 48 listed manufacturing firms in Nigeria for the periods 2012-2020. The Wald statistics showed that while gender heterogeneity significantly and positively affects corporate social responsibility of the firm, age heterogeneity does not. The implication is that the more heterogeneous is the board the better is the corporate social responsibility disclosure of the firm. Given the findings of the study, it is recommended that there is need to encourage and have more women in the boardroom since they may have better understanding of certain market conditions than men; again, this would instil more creativity and quality in boardroom decision-making that could enhance corporate social responsibility. Finally, there is need for the board to have more young and vibrant board members in order to further improve on the level of corporate social responsibility. Specific age limits should be made for those that should constitute the boardroom of companies.