scholarly journals The Impact of Corporate Social Responsibility on the Company’s Financial Performance

2021 ◽  
Vol 15 (4) ◽  
pp. 18-35
Author(s):  
Anastasiya Potapova ◽  
Zhen Wang ◽  
Alina Steblyanskaya
Keyword(s):  
Financial Performance ◽  
Information Disclosure ◽  
Rating Scale ◽  
Analytical Models ◽  
Substantial Impact ◽  
Market Capitalization ◽  
Cultural Aspects ◽  
The Board Of Directors ◽  
High Level ◽  
The Impact

This article empirically evaluates the impact of CSR behaviour on the financial indicators of 286 companies from Brazil, Russia, India, and China over six years from 2013 to 2018. Company information and CSR ratings were retrieved from the Bloomberg and RobetaSAM databases, and hypotheses were proposed based on a literature review. We constructedvarious analytical models that differ in dependent variables to better evaluate of distinct CSR metrics through different regression methods. Analyzed factors include: (1) the presence of women on the board; (2) the presence of a company in CSR ratings, and (3) various cultural aspects of the society where companies operate. Our results support the conclusions of related research in this field of study. Among other consequences, our analysis indicates that CSR significantly influences financial performance, although this is also contingent on external factors. A company’s presence in the CSR rating scale has a more substantial impact on profitability and market capitalization indicatorsthan the actual score itself. CSR information disclosure has some effect on ROA and ROE, and the presence of women in the board of Directors showed a slight positive effect on market capitalization. Further, a high level of ‘power distance’ (i.e. the ostensible alienation of the general citizenry from political authority sources) in the society where company operatesharms the relationship between the rating score and financial performance.

scholarly journals The Interaction Effect between ESG and Green Innovation and Its Impact on Firm Value from the Perspective of Information Disclosure

2020 ◽  
Vol 12 (5) ◽  
pp. 1866 ◽  
Author(s):  
Fen Zhang ◽  
Xiaonan Qin ◽  
Lina Liu
Keyword(s):  
Interaction Effect ◽  
Firm Value ◽  
Information Disclosure ◽  
Positive Impact ◽  
Substitution Effect ◽  
Green Innovation ◽  
Two Factors ◽  
High Level ◽  
The Impact ◽  
Quantile Regression Method

Few studies have been conducted on whether the coexistence of green innovation and corporate social responsibility (CSR) has a favorable interaction effect on firm value. This interaction effect is of great significance for enterprises balancing resource allocation between two factors in the future. Meanwhile, information disclosure can reflect the efforts of enterprises in taking on CSR. Therefore, taking China’s listed companies as an example, this paper studies the interaction effect of CSR after being divided into the three different dimensions of environment, society, and governance (ESG) and green innovation on firm value. The quantile regression method can reflect the impact of CSR and green innovation on the firm value of different levels. The study finds that: (1) green innovation can promote the improvement of medium- and high-level firm value; (2) only the disclosure of environmental and social information can have a positive impact on firm value; (3) the interaction effect between green innovation and social disclosure on firm value is a substitution effect, which will gradually weaken with the increase of firm value. This paper proposes that relevant departments should guide green funds into enterprises with capital constraints to alleviate the issue of fund crowding into CSR and green innovation.

scholarly journals External Pressure, Corporate Governance, and Voluntary Carbon Disclosure: Evidence from China

2019 ◽  
Vol 11 (10) ◽  
pp. 2901 ◽  
Author(s):  
Pinglin He ◽  
Huayu Shen ◽  
Ying Zhang ◽  
Jing Ren
Keyword(s):  
Corporate Governance ◽  
Information Disclosure ◽  
Positive Impact ◽  
Listed Companies ◽  
External Pressure ◽  
General Manager ◽  
Analysis Process ◽  
The Board Of Directors ◽  
Heavy Pollution ◽  
The Impact

This paper uses manually collected data of carbon information disclosure for listed companies, from 2009 to 2015 in China, to measure corporate carbon information disclosure, and it explores the impact of external pressure and internal governance on carbon information disclosure through text analysis and a hierarchy analysis process. The results show that, firstly, the greater the external pressure is, the higher the level of carbon information disclosure will be; that is, when listed companies are state-owned enterprises or in heavy pollution industries, the level of carbon information disclosure is higher. Secondly, the higher the level of corporate governance is, the higher the level of carbon information disclosure will be; that is, when the board of directors is larger, the proportion of independent directors is higher, and the chairman and general manager positions are differentiated, the level of carbon information disclosure is higher. Furthermore, when listed companies are state-owned and in heavy pollution industries, the level of carbon information disclosure is higher; when the chairman and general manager are in the same position (lower governance level), the positive impact of government pressure on carbon disclosure is less significant, the positive impact of external pressure on carbon disclosure is less significant, and the positive interactive impact of government pressure and external pressure on carbon disclosure is less significant. The conclusions of this paper are still robust after Heckman two-stage regression, propensity score matching (PSM) analysis, sub-sample regression, and double clustering analysis.

scholarly journals The impact of the board of directors on the financial performance of Tunisian companies

2012 ◽  
Vol 8 (3) ◽  
pp. 6-21
Author(s):  
Zied Bouaziz ◽  
Mohamed Wajdi Triki
Keyword(s):  
Financial Performance ◽  
Board Of Directors ◽  
Audit Committee ◽  
Stock Exchange ◽  
Gender Diversity ◽  
Linear Regression Models ◽  
The Board Of Directors ◽  
Internal Mechanism ◽  
And Control ◽  
The Impact

The Board of Directors plays a key role as a internal mechanism of corporate governance. Indeed, its effectiveness is dependent on the presence of several factors, the most important are related to characteristics that relate primarily to the independence of its members, board size, the cumulative functions of decision and control, the degree of independence of the audit committee and the gender diversity of the board. To test the validity of our hypothesis, which states the existence of a certain deterministic between the board’s characteristics and financial performance measured by three different ratios, namely ROA, ROE and Tobin’s Q, we have developed three linear regression models. Our empirical validation was conducted on a sample of 26 companies listed on the Tunisian stock exchange Tunis (Tunis Stock Exchange) over a period that spans four years (2007-2010). The estimated models show satisfactory results showing the importance of the impact of board characteristics on financial performance of Tunisian companies.

scholarly journals The Impact of Technology on the Financial Performance of Banking Sector With Reference To Sbi & Hdfc Banks

2020 ◽  
Vol 9 (1) ◽  
pp. 2029-2036
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Banking System ◽  
Asset Returns ◽  
Internet Banking ◽  
Mediation Effect ◽  
Substantial Impact ◽  
Financial Variables ◽  
Bivariate Correlation ◽  
The Impact

The modern banking system includes the effective usage of technology not only to deliver services to customers, but also to increase the financial performance of the banking sector. The present study considered the meta data of the State Bank of India and the HDFC Fund for the duration 2009-10 to 2019-20. The study introduced the data in panel form and applied the approach according to the objectives outlined. The study primarily looked at the four key banking network variables (internet banking, telephone banking, ICS banking and ATMs) influencing the contingent variable – asset returns by tracking a few different variables. The study examined the relationship between the banking technology variables and the financial variables with the aid of the Bivariate correlation statistical method, and the result revealed a favorable relationship with the asset returns technology variables. The study examined the influence of technology on the financial results of banking with a mediation effect and concluded that mobile and ICS banking have a substantial impact on the return on assets of the selected SBI and HDFC banks

scholarly journals Caregiving Burden And Depression Among Caregivers Of Patient With Epilepsy

2019 ◽  
Vol 8 (2) ◽  
pp. 40-44
Author(s):  
S. Shah ◽  
C. Sah ◽  
A. Shahi ◽  
R. KC
Keyword(s):  
Rating Scale ◽  
Structured Interview ◽  
Caregiving Burden ◽  
Significant Burden ◽  
Significant Area ◽  
Collection Data ◽  
High Level ◽  
Patients With Epilepsy ◽  
The Impact

Introduction: The impact of caregiving on caregivers is a significant area to be studied which will directly affect the quality of care given by them to patients with epilepsy. Family caregivers have been described as forgotten patients. The aim of the study was to assess the caregiving burden and depression among caregivers of patient with epilepsy. Material and Method: Descriptive study was conducted among 100 caregivers of adult patients with epilepsy. Samples were selected using purposive sampling. Semi-structured interview schedule, Zarit Burden Interview (ZBI) and Hamilton depression rating scale (HAM-D) were used for data collection. Data was analyzed by descriptive and inferential statistics with SPSS version 20. Results: Among 100 caregivers, 42% reported high mean burden scores on the ZBI and overall 50% of caregivers reported moderate depression on the HAM-D. High level of burden was significantly associated with age of caregivers (p= 0.018) and caregivers’ relationship with patients (p= 0.023). The result suggests that there was statistically significant positive relationship on ZBI vs HAM-D (p≤ 0.01). Conclusion: Caregivers of patients with epilepsy experience significant burden while caring for their relatives and level of burden is positively correlated with depression. The study highlights the need for comprehensive care system recognizing caregivers as “co-client”.

scholarly journals Impact of Transformational Leadership on Organizational Innovation: Telecommunication Sector of Pakistan

2016 ◽  
Vol 6 (2) ◽  
pp. 360
Author(s):  
Muhammad Yousaf Malik ◽  
Aon Waqas Awan
Keyword(s):  
Transformational Leadership ◽  
Data Collection ◽  
Organizational Innovation ◽  
Descriptive Statistics ◽  
Telecommunication Sector ◽  
Substantial Impact ◽  
Telecommunication Companies ◽  
High Level ◽  
The Impact ◽  
The Way

This study aims at finding out how transformational leadership effects the organizational innovation in leading telecommunication companies of Pakistan. The study used a well-established questionnaire for data collection. The data was collected through convenient sampling from 120 mid-level and high-level managers of telecommunication organizations. The study not only relied on emphasis of descriptive statistics but regression was run to analyze the data. The results exhibit that transformational leadership has a constructive and substantial impact on organizational innovation in the deliberated context. This study is deemed to guide the Pakistan’s Telecommunication sector to improve the way management can yield more value from their employees. It also shows the impact of globally recognized knowledge can work in varying cultures and contexts.

The impact of the gender composition of the Board of Directors on the company's performance: the experience of Germany, Austria and Switzerland

2021 ◽  
pp. 140-158
Author(s):  
Elena Makushina ◽  
Nikita Evsikov
Keyword(s):  
Financial Performance ◽  
Manufacturing Sector ◽  
Gender Composition ◽  
Financial Indicators ◽  
Female Representation ◽  
Financial Outcomes ◽  
The Board Of Directors ◽  
Negative Effect ◽  
Reverse Situation ◽  
The Impact

The article examines the changes in corporate governance bodies connected with financial performance dynamics in German, Austrian and Swiss companies. The main objective of the study is to trace the causal links between financial indicators and Board’s gender composition. The paper uses the reports of European companies to determine the Board composition and financial outcomes. Using a sample of 177 corporations and data on their Board and management composition along with financial performance indicators in 2014-2019, the authors apply regressions to determine statistically relevant relations between Board compositions and financial results. The findings show no negative effect of female representation in the Board on corporate financial performance. The study identifies a visible positive correlation between an increasing female representation in the Board and financial outcomes in real estate and manufacturing sector. Austria shows negative dependence of financial outcomes on increasing female representation in the Board, with a reverse situation in Switzerland. The results also show no correlation between the number of female directors and female managers.

scholarly journals Impact of Interaction Between the Board of Directors and the Reputation of the Audit on the Performance of Companies: Study on the Tunisian Context

2018 ◽  
Vol 8 (4) ◽  
pp. 287
Author(s):  
Emna Boumediene
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Board Of Directors ◽  
Substitution Effect ◽  
Board Independence ◽  
External Audit ◽  
The Board Of Directors ◽  
Negative Effect ◽  
The Impact ◽  
Empirical Analyses

This research aims to test the impact of the interaction between the external audit reputation and the characteristics of the board of directors on the firm performance. Hence, we have tried to test the hypothesis of Williamson (1983) in the Tunisian context.The results obtained in the empirical analyses show a significantly negative effect of the interaction between the external audit reputation and the board independence of the financial performance of the firm. This result reveals the substitution effect between these two mechanisms.

Intangibles, Export Intensity, and Company Performance in the French Wine Industry

2013 ◽  
Vol 8 (2) ◽  
pp. 198-224 ◽  
Author(s):  
Paul Amadieu ◽  
Carole Maurel ◽  
Jean-Laurent Viviani
Keyword(s):  
Financial Performance ◽  
Intangible Assets ◽  
Positive Impact ◽  
Empirical Studies ◽  
Wine Industry ◽  
Company Performance ◽  
Export Intensity ◽  
Strategic Role ◽  
High Level ◽  
The Impact

AbstractIntangible assets can play a strategic role in the implementation of differentiated strategies in foreign markets. The literature has addressed the impact of intangible assets on both exports and financial performance and the effects of exports on company financial performance (profit and risk). This article aims to analyze the effect of exports on the relationship between intangibles and company performance in the wine industry. Empirical studies show that intangibles have a positive but diminishing impact on exports. The effect of exports on financial performance differs depending on whether we consider corporations or cooperatives. While intangible expenses reduce company risk in both samples whatever the level of export intensity, the effects are different with profit. In corporations, intangible expenses have a positive impact on profit only when there is a high level of expenses and a high level of export intensity. (JEL Classifications: G32, L25, Q12, Q13)

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