scholarly journals Entrepreneurship, Corporate Social Responsibilities, and Innovation Impact on Banks’ Financial Performance

2021 ◽  
Vol 12 ◽  
Author(s):  
Jianhua Wei ◽  
Rong Xiong ◽  
Marria Hassan ◽  
Alaa Mohamd Shoukry ◽  
Fares Fawzi Aldeek ◽  
...  
Keyword(s):  
Financial Performance ◽  
Secondary Data ◽  
The United States ◽  
Least Square ◽  
Social Responsibilities ◽  
Independent Variables ◽  
Ordinary Least Square Regression ◽  
Corporate Social ◽  
The Impact ◽  
Corporate Social Responsibilities

The basic aim of this research was to check the impact of innovation, corporate social responsibilities (CSR), and entrepreneurship on the monetary performance of banks in five different countries: Qatar, Pakistan, China, the United States (US), and France. This research was conducted to measure the relationship of these factors and innovative workforce activities. The secondary data were collected from websites of twenty five banks in different countries, including Islamic and conventional banks. Different econometric analyses, such as descriptive statistical analysis, correlation coefficient test for measuring the interaction, and ordinary least square regression analysis for determining the impact of dependent and independent variables, were carried out. In the present study, entrepreneurship, CSR, and innovation were taken as independent variables. Board size, frequency of assemblies, and self-employed with large shareholders were included as sub-parts of entrepreneurship. On the other hand, the financial performance of banks was taken as the dependent variable. Return on assets (ROA) and return on equity (ROE) were considered parts of economic performance. The overall conclusions drawn in this study showed that there was a significant relationship between all the studied variables. The research provided useful insights into the long-debated question regarding the relevance of entrepreneurship and CSR.

scholarly journals Firm’s Engagement in Corporate Social Responsibilities in Nigeria

2018 ◽  
Vol 9 (4) ◽  
pp. 37
Author(s):  
A. C. Onuorah ◽  
B. A. Ozurumba
Keyword(s):  
Oil And Gas ◽  
Negative Impact ◽  
Positive Impact ◽  
Least Square ◽  
Annual Reports ◽  
Social Responsibilities ◽  
Independent Variables ◽  
Corporate Social ◽  
Oil And Gas Sector ◽  
Corporate Social Responsibilities

This study examined firms engagement in corporate social responsibilities in Nigeria using secondary data derived from the audited annual reports of the five (5) selected listed Oil and Gas Companies in Nigeria from 2008 - 2017. The study proxied firm’s involvement by Firm Age (FMA), Employee Turnover (EPT), Customers Satisfaction (CSF) and Reputation (RPT) as the independent variables, while Responsibility of firms in Nigeria was proxied by CSR as the dependent variable. The study applied GRETL software, and used Ordinary Least Square (OLS) for the estimation of the result. The results revealed that the independent variables: EPT, CSF and RPT have positive significant impact on CSR while FMA shows a negative impact. The coefficient of R-squared which is 0.935067 shows that all the independent variables have 94% positive impact on CSR while the coefficient of Adjusted R-squared, 0.931820 suggests that 93% of all independent variables could be explained by the changes in CSR. The study concludes that firm’s age is not a strong and powerful measure of CSR as it does not play a significant role in determining the CSR of oil and gas sector in Nigeria. Thus, it was recommended that the management of the selected oil and gas sector should maintain quality assets that are durable. This is necessitated by the potential of the organizations that have such assets to invest more substantial funds towards Corporate Social Responsibility.

scholarly journals Corporate Governance and Financial Performance of Money Deposit Banks in Nigeria

2021 ◽  
Vol 7 (1) ◽  
pp. 75-98
Author(s):  
Bilqis Bolanle Amole ◽  
Ik Muo ◽  
Kamaldeen A. Lawal
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Board Of Directors ◽  
Audit Committee ◽  
Negative Impact ◽  
Secondary Data ◽  
Least Square ◽  
Executive Directors ◽  
Study Results ◽  
The Impact

Purpose. The main cause of distress in the majority of Nigerian banks is poor corporate governance in the country. Corporate governance (CG) is a contemporary subject attracting the consideration of the corporate world, practitioners, consultants, academia and society at large. As a result, this study explores the financial performance (FP) of money deposit banks (MDBs) in Nigeria as a result of corporate governance put in. It went on to investigate the impact of board size and composition, as well as the audit committee, on bank financial performance. Methodology. A descriptive design method was adopted, while secondary data in the form of yearly financial reports of banks selected for the study were obtained and relevant documents via electronic search of databases. Descriptive statistics were used in analyzing the data and an econometric model of panel least square (PLS) regression test was employed for the study. Findings and Implication. The findings affirmed that the correlation between size of board of directors and bank performance was significant, however negative. The results of the study show that the board of directors (BOD) composition significantly influences the FP of MDBs. The study results further reveal that the correlation between size of the audit committee (AC) and FP of MDBs is significant and also a negative one. As a result, based on the empirical findings of the study, it is concluded that CG has a statistically significant influence on the FP of Nigeria’s listed money deposit banks. Mechanisms such as the large size and composition of the board as well as the size of the audit committee encourage a negative impact on the FP. In line with the foregoing, the study recommended that an effort be made to improve CG, in the sense that the number of directors on board should be kept to a desirable level, and that the ratio of executive directors to non-executive directors, as well as the size of the audit committee, is kept at an optimal level.

Earnings management, financial performance and the moderating effect of corporate social responsibility: evidencefrom France

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Salma Chakroun ◽  
Anis Ben Amar ◽  
Anis Ben Amar
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Financial Performance ◽  
Moderating Effect ◽  
Least Square ◽  
Content Type ◽  
Academic Researchers ◽  
Corporate Social ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of earnings management on financial performance. In addition, the authors investigate whether corporate social responsibility has a moderating effect on the impact of earnings management on financial performance. Design/methodology/approach The empirical study is based on a sample of French companies listed on the CAC-All-Tradable index over the period 2008–2018. Feasible generalized least square regression method is used to estimate the econometric models. Findings Based on panel data of 3,003 French firm-year observations, the authors demonstrate that earnings management has a negative and significant impact on financial performance. Indeed, corporate social responsibility moderates positively the negative impact of earnings management on financial performance in the French context. Practical implications The findings have several implications for regulatory, investors and academic researchers. For regulators, it is appropriate to promote more several standards related to corporate social responsibility and earnings management. For investors, considering societal issues is very important in making decisions. For academic researchers, the results show that it is important to discover how corporate social responsibility can influence the relation between earnings management and financial performance. Originality/value The existing literature has generally focused on the impact of earnings management on financial performance and the empirical tests did not yield similar results. The study shows that corporate social responsibility has a moderating role in determining the impact of earnings management on financial performance.

scholarly journals Corporate Social Responsibility and Financial Performance in the Airline Industry in Central and Eastern Europe

2014 ◽  
Vol 62 (4) ◽  
pp. 633-639 ◽  
Author(s):  
Roman Asatryan ◽  
Olga Březinová
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Eastern Europe ◽  
Airline Industry ◽  
Positive Relationship ◽  
Central And Eastern Europe ◽  
Independent Variables ◽  
Corporate Social ◽  
The Impact

This paper contributes to the knowledge on corporate social responsibility (CSR) initiatives of by businesses and its ability to influence their financial performance. Consequently, the main objective is to examine the relationship between CSR and financial performance in the airline industry in Central and Eastern Europe. The paper does not attempt to establish causality between CŚR and financial performance. The paper attempts to contribute to the existing knowledge in the field by examining the extent to which CSR relates to financial performance of airline firms. A sample of 20 audited financial statements of airline firms were selected randomly. The study analyzed the impact of CSR activities on the financial performance of firms. The Return on Equity (ROE) and Return on Assets (ROA) were used as indicators to measure financial performance of firms whiles the independent variables were Community Performance (CP), Environment Management System (EMS) and Employee Relations (ER). The study found that there is a significant positive relationship between CSR initiatives and financial performance measures. More specifically, there was found to be a positive relationship between the independent variables of CSR thus, CP, EMS and ER and the financial performance of airline firms in terms of the ROE and ROA.

scholarly journals The impact of corporate social responsibility on financial performance

2016 ◽  
Vol 13 (3) ◽  
pp. 171-182 ◽  
Author(s):  
Grigoris Giannarakis ◽  
George Konteos ◽  
Eleni Zafeiriou ◽  
Xanthi Partalidou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Fixed Effects ◽  
The United States ◽  
Jel Classification ◽  
Socially Responsible ◽  
Fixed Effects Regression ◽  
Corporate Social ◽  
The Impact

This study investigates whether corporate social responsibility (CSR) affects the financial performance of the United States (US) companies. In particular, the impact of CSR on financial performance is investigated in terms of involvement in socially responsible initiatives instead of outcome. The Environmental, Social and Governance disclosure score as calculated by Bloomberg is used as a proxy for corporate involvement in socially responsible initiatives. Fixed effects regression is employed to estimate the relationship between the extent of corporate social disclosure (CSD) and financial performance using the data of listed companies on the Standard & Poor’s 500 during the period 2009-2013. The results suggest that the involvement in socially responsible initiatives has a significantly positive effect on financial performance. In addition, the control variables, such as total compensation to directors, CEO duality and women presence on board are statistically significant to financial performance. It is important to incorporate a longer period in order to validate the positive relationship between CSR and financial performance, whilst the sample is focused on large in size US companies. This study chose to approach the topic from a different angle in order to provide an alternate perspective on this issue taking into account the involvement of socially responsible initiatives via CSD. Keywords: corporate social responsibility, disclosure, financial performance. JEL Classification: M140, M410, Q00

scholarly journals EFFECTS OF FINANCIAL PERFORMANCE AND CORPORATE SOCIAL RESPONSIBILITY ON COMPANY VALUES: CASE OF BANKS LISTED ON THE INDONESIA STOCK EXCHANGE

2019 ◽  
Vol 8 (2) ◽  
pp. 75
Author(s):  
Larey Wahongan
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Independent Variables ◽  
Dependent Variables ◽  
Independent Variable ◽  
Corporate Social

This study aims to analyze the effect of financial performance and corporate social responsibility (CSR) on the value of the company at banks listed on the Indonesia Stock Exchange for the period 2013-2017. The data used are secondary data, namely financial statements published on the Indonesia Stock Exchange's website during the period 2013-2017 which contain information about the ratio of banking financial performance (NPL, LDR, ROA, and CAR), Corporate Social Responsibility (CSR), and Value Companies with Tobin's Q method. This study consists of dependent variables and independent variables. The dependent variable is the value of the company, while the independent variable is financial performance and Corporate Social Responsibility (CSR).

How macroeconomic indicators influence gold price management

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Liya A ◽  
Qian Qin ◽  
Hafiz Waqas Kamran ◽  
Anusara Sawangchai ◽  
Worakamol Wisetsri ◽  
...  
Keyword(s):  
United States ◽  
Secondary Data ◽  
The United States ◽  
Research Paper ◽  
Gold Price ◽  
Least Square ◽  
Data Set ◽  
Content Type ◽  
Macroeconomic Indicators ◽  
The Impact

PurposeThis study purposes to measure the influencing relations between macroeconomic indicators and the prices of gold. Further study measures several factors with the gold price in the context of the United States.Design/methodology/approachThe secondary data are collected to measure relationship and fluctuation of gold prices the data collected from the website world development indicators (WDI) for the period of 31 years 1990–2019. This paper uses different econometric analysis such as analytical unit root test for stationary of data, descriptive statistical analysis for description of data, correlation coefficient test for measuring the inter correlation, and ordinary least square regression analysis for determine the impact of dependent and independents variables. In this research paper, gross domestic product (GDP), inflation rate (IR), unemployment rate (UR), real interest rate (RIR), gross national product (GNP), standard trade value (STV) are included in macroeconomic indicators and consider as independent. The gold prices are considered as dependent variable.FindingsThis study's overall results show an important and optimistic association between GDP, IR and STV with the gold price. Moreover, the RIR shows negative and does not show significant relation with the gold prices.Originality/valueSince several economic crises were included during the data selection studied in this research paper, data error may be present, resulting in the instability of the overall data. However, the study still hopes to find the guiding role of these macro gold price factors in the price of gold from the limited data set. The basic scope of research is that research is limited in the United States.

The impact of financial performance on corporate social responsibility disclosure: the case of VN100 in Vietnam

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Thinh Quoc Tran
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Positive Impact ◽  
Least Square ◽  
Series Data ◽  
Content Type ◽  
Corporate Social Responsibility Disclosure ◽  
Corporate Social ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of financial performance (FP) on corporate social responsibility disclosure (CSRD) in the top 100 listed enterprises in Vietnam (VN100). Design/methodology/approach This paper uses the ordinary least square method to test and uses time series data of VN100 in five years from 2015 to 2019. Findings The results of this study show that the return on assets and return on equity have a positive impact on CSRD of VN100. Research limitations/implications This paper has not covered all independent variables related to FP. Practical implications The paper contribute to increasing CSRD of VN100. Social implications The paper contribute to raising awareness of businesses about community and society. Originality/value This paper contributes to increase the level of useful information for stakeholders to meet the trend of regional and international integration.

Corporate Social Responsibility and Firm’s Performance: Empirical Evidence from Pakistan

2020 ◽  
Vol 6 (4) ◽  
pp. 8-14
Author(s):  
Syyeda Ghazia Neelofer Kazi ◽  
Kashif Arif
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Stock Exchange ◽  
Random Effect ◽  
Secondary Data ◽  
Annual Reports ◽  
Education Community ◽  
Dependent Variables ◽  
Corporate Social ◽  
The Impact

The objective of the study is to examine the impact of CSR activities by the organization on their financial performance. This study employs a quantitative and deductive approach. This research has been carried out with the secondary data which has been taken from the CSR reports of the Overseas Investors Chamber of Commerce and Industry (OICCI) and the annual reports of the listed companies of Pakistan Stock Exchange. In addition to that, the annual reports or sustainability reports of some companies have also been used to collect information about their CSR performance. The sample panel of this study consists of 55 companies having available data for at least a period of 3 years (2014-2016), hence consisting the data of 165 firm years. Random effect linear regression has been run for the two dependent variables for the measure of financial performance. The results indicated that CSR activities in education, community development, health, and infrastructure have a significant impact on organizational performance. The implications and recommendations were also made from the results.

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