CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND CORPORATE CREDIBILITY EVIDENCE FROM LISTED MANUFACTURING FIRMS IN NIG

• Raifu MUIDEEN

  Author

• Alani Zakariyah KAZEEM

  Author

• Taye Owolabi MUTIU

  Author

• Alowonle Kareem MUIDEEN

  Author

• Olajide Salawudeen ABDULRAHMAN

  Author

• Fatimah Oluwatoyin JINADU

  Author

• Sulaimon Adewale AREGBE

  Author

This research article explored the effect of corporate social responsibility (CSR) disclosure on corporate credibility 
of Nigerian listed manufacturing companies. The sample size consisted of 34 firms in the consumer and industrial 
goods sector of which 20 firms were taken based on the availability of data. The annual reports of sampled firms 
between 2014 and 2023 were taken as secondary data and used in ex post facto research design. The content-based 
disclosure index was used to measure CSR disclosure and corporate credibility and the data analyzed through panel 
regression analysis with a fixed-effects model. The findings indicate that CSR disclosure positively and significantly 
impacts corporate credibility thus showing that companies that present transparent, consistent and verifiable CSR 
information are credible to the stakeholders. The study is empirical in nature, as it offers empirical evidence that 
credible CSR disclosure helps to improve corporate legitimacy and stakeholder trust, which is a significant gap in the 
literature, which also tends to discuss the levels of CSR reporting, as opposed to its credibility. As far as the results 
show, manufacturing companies in Nigeria should improve the standards of disclosures and authenticity of their CSR, 
including third-party confirmation, to increase corporate credibility and stakeholder trust. 

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