- Francisca Nkiruka Ezeanokwasa1, Bethel Chinasa Nwarata2, Ogechukwu Pauline Nwosu3, Stella Chinelo Nwagbala4
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1Department of Business Administration, Tansian University Umunya, Anambra State, Nigeria. 2,3&4Department of Business Administration, Nnamdi Azikiwe University, Awka, Anambra State, Nigeria
The
study ascertained the relationship between corporate governance and sustainable
development in Edo State, Nigeria. Specifically, the study assessed the extent
of the relationship that existed between accountability and social inclusion in
Edo State, Nigeria. It determined the type of correlation that existed between
transparency and social equity in Edo State, Nigeria. The study was anchored on
Corporate Social Responsibility Theory. The population of the study was 210.
Hypotheses were tested with Pearson Product Moment Correlation Coefficient with
the aid of Statistical Package for Social Sciences (SPSS, version 27).
Hypothesis one revealed that there is a statistically significant relationship
between accountability and social inclusion in Edo State, Nigeria, with r =
0.611 n = 210 and p p-value of 0.000 (p<0.05). Hypothesis two showed that
there is a statistically significant positive correlation between transparency
and social equity in Edo State, Nigeria, with r = 0.842, n = 210, and a p-value
of 0.041 (p<0.05). The study concluded that there is a positive and
statistically significant relationship between corporate governance and
sustainable development in Edo State, Nigeria. It recommended among others that
government and corporate organizations in Edo State, need to promote
transparency in their operations to achieve greater social equity and fairness.
Keywords: Corporate Governance, Sustainable Development, Accountability, Transparency, Social Equity
