Impact of corporate social responsibility on firm's performance: evidence from non-financial sector of Pakistan

2018 ◽  
Vol 8 (2) ◽  
pp. 105
Author(s):  
Mohyuddin Tahir Mahmood ◽  
Zohair Farooq Malik ◽  
Noman Arshed ◽  
Burhan Rasheed
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Sector ◽  
Corporate Social

scholarly journals Corporate social responsibility of financial sector institutions in the light of sustainable development goals financing: the role of banks and stock exchanges

2018 ◽  
Vol 7 (3) ◽  
pp. 1-14 ◽  
Author(s):  
Inna Makarenko ◽  
Yulia Yelnikova ◽  
Anna Lasukova ◽  
Abdul Rahman Barhaq
Keyword(s):  
Sustainable Development ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Sustainable Development Goals ◽  
Sustainability Reporting ◽  
Financial Sector ◽  
Stock Exchanges ◽  
Development Goals ◽  
Corporate Social

Significant gap in investment resources for financing Sustainable Development Goals can be overcome with the revitalization of the corporate social responsibility mechanism of the financial sector institutions, for example banks and stock exchanges as the largest players in the global financial sector. The most relevant for them are Goals 1, 5, 8, 10, 13, 17. Incorporating these goals into activities of the financial sector institutions requires not only the activation of their CSR mechanism in the directions indicated by the targets, but also the radical restructuring of all business processes and the reorientation of their overall sustainability strategy. Analysis of current sustainability reporting disclosure by financial sector institutions in global and regional aspects was conducted. Based on the analysis, the authors define the role of CSRs of banks and stock exchanges in SDG financing as follows: banks – ensuring their own sustainability and efficiency through CSR mechanisms, formation of new tools, methods and technologies of financial support of SDG; stock exchanges – minimization of information asymmetry in investor decision making, taking into consideration ESG criteria, formation of exemplary disclosure practices and new markets and market benchmarks by listing companies.

scholarly journals DOES CORPORATE SOCIAL RESPONSIBILITY REDUCE INFORMATION ASYMMETRY?: EMPIRICAL EVIDENCE FROM PAKISTAN

2021 ◽  
Vol 9 (3) ◽  
pp. 934-950
Author(s):  
Naeem Khan ◽  
Qaisar Ali Malik ◽  
Ahsen Saghir ◽  
Muhammad Aslam ◽  
Muhammad Husnain
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Information Asymmetry ◽  
Financial Sector ◽  
Equity Market ◽  
Annual Data ◽  
Asymmetry Of Information ◽  
Corporate Social ◽  
Corporate Level ◽  
Level Government

Purpose: The work empirically investigates the effect of corporate social responsibility (CSR) on information asymmetry (IA). Methodology: For analysis, the study uses annual data ranging from 2007 to 2017, collected from the published reports of companies registered at the Pakistani equity market comprising the non-financial sector. An unbalanced panel of 257 companies with 2383 observations is analyzed using the generalized methods of moment (GMM) technique. Main findings: In line with stakeholder's theory, results disclose a negative association between the variable of CSR and IA. It suggests that investing in CSR-related activities will reduce the asymmetry of information among managers and shareholders. Application of the study: Findings of the study uncover the benefits of CSR in relation to IA that must be considered while formulating any strategy both at the governmental and corporate level. Government should facilitate corporations that engage in CSR work while firms must include CSR in their policy-making as it can significantly reduce information asymmetry. Novelty/ originality of the study: This study provides a deep analysis in the form of behavioural association and the effect of CSR practices on information asymmetry in the context of the Pakistani non-financial sector. The study endorses the concept of CSR practices for the reduction of information asymmetry in Pakistani firms.

scholarly journals CSR – more than corporate storytelling?

2013 ◽  
Vol 2 (2) ◽  
pp. 44-50 ◽  
Author(s):  
Udo Braendle ◽  
Yaroslav Mozghovyi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Strong Correlation ◽  
Meta Analysis ◽  
Financial Sector ◽  
The Subject ◽  
Corporate Social ◽  
The Relationship

Since the subject of corporate social responsibility (CSR) gained sufficient attention of the researchers over the last 25 years, numerous attempts were globally made to examine the nature of the relationship between the corporate social responsibility of company and its financial performance (FP). The literature in this area is scattered, the findings are heterogeneous and do not provide a clear answer if CSR goes beyond corporate storytelling. In our meta-analysis of more than 135 studies we try to bring a structure in this discussion. In analyzing the literature over the last decades we find a strong correlation between CSR and financial performance. Based on our findings we present implications in discussing how “good CSR” can be fostered. We focus on the financial sector.

scholarly journals Corporate Social Responsibility and Firm Performance: Evidence from Pakistan

2020 ◽  
Vol 9 (4) ◽  
pp. 381-389
Author(s):  
NAEEM KHAN ◽  
QAISAR ALI MALIK ◽  
AHSEN SAGHIR
Keyword(s):  
Corporate Social Responsibility ◽  
Firm Performance ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Financial Sector ◽  
Fixed Effect Model ◽  
Fixed Effect ◽  
Return On Equity ◽  
Corporate Social ◽  
Relationship Of

The current study aims at exploring the relationship of CSR practices with firm performance (FP) in the non-financial sector of the Pakistan stock exchange (PSX). For this purpose, the study uses sample data of 231 companies listed at PSX. The study uses “donation amount to sales” as a proxy variable for CSR practices and return on equity (ROE), return on assets (ROA) as the proxies of firm performance. The models are tested using a panel regression estimation technique with a fixed effect method, as suggested by Hausman test. The results show that CSR is significantly positively related to ROE. Findings indicate that investment in CSR brings positive change in a firm‟s profitability which ultimately leads to an increase in the shareholder‟s wealth. Keywords: Corporate Social Responsibility, Pakistan Stock Exchange, Firm Performance, Fixed Effect Model, Non-financial Sector.

scholarly journals Corporate social responsibility and financial performance: Evidence from the financial sector.

2011 ◽  
Vol 8 (2) ◽  
pp. 27-36 ◽  
Author(s):  
Maria-Gaia Soana
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Financial Sector ◽  
Financial Loss ◽  
Book Value ◽  
Corporate Social ◽  
The Relationship

Does corporate social responsibility (CSR) entail economic and financial loss or does it guarantee competitive advantage? To answer this question, many studies have aimed to establish, largely in samples from multiple industries, the relationship between corporate social performance (CSP) and corporate financial performance (CFP). These studies have produced conflicting results and any attempt to give a generalised and coherent conclusion has proved inadequate. This paper investigates the possible connection between CSP (measured by ethical rating) and CFP (measured by price-to-book-value) in a sample of international financial intermediaries. Although most previous contributions seem to confirm the hypothesis of the existence of a positive relationship between the two variables, the paper finds no clear evidence of a significant relationship between CSP and CFP in the financial sector.

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