INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION

Corporate Social Responsibility, Audit Quality and Financial Performance of Deposit Money Banks in Nigeria.

Aiyesan O.O

June 26, 2026

Citation

INTERNATIONAL JOURNAL OF ACCOUNTING, FINANCE AND TAXATION , Vol. 3 (2) (2026) , pp. 33-52

Details

ISSN: 3027-0378
Published: June 26, 2026
Status: Published

Abstract

The study examined the influence of corporate social responsibility, audit quality and financial performance of deposit money banks in Nigeria. The study covered a period from 2012-2024. Specifically, the study investigated whether board size, board independence, board gender diversity, board meetings on financial performance and whether such effects are strengthened or weakened by audit quality proxied by audit fees. Using panel data from eleven listed banks and employing pooled Ordinary Least Squares, fixed effects and random effects estimators, the fixed effects model emerged as the preferred specification following the Hausman test, thereby providing the most reliable basis for inference. The findings revealed that audit quality and board gender diversity records a positive but statistically insignificant coefficient for ROA (β = 0.0251). Audit quality and board meetings exerts a positive and weakly significant effect on ROA (β = 0.2308). Board independence (BODI) equally demonstrates a negative and statistically significant effect on return on assets (β = -0.0211,

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