Does Profitability of a Corporation Depends on It’s Corporate Social Responsibility?

2020 ◽  
Vol 2 (1) ◽  
pp. 87-91
Author(s):  
Abid Rasheed ◽  
◽  
Sidra Fayyaz ◽  
Imran Shahzad ◽  
kashif Ali
Keyword(s):  
Corporate Social Responsibility ◽  
Unit Root ◽  
Oil And Gas ◽  
Unit Root Test ◽  
Vector Error Correction ◽  
Vector Error ◽  
Net Profit ◽  
Corporate Social ◽  
The Impact ◽  
Oil And Gas Sector

This study was to find the impact of corporate social responsibility practices on the firm financial performance of the oil and gas sector of Pakistan. For this study, fourteen companies of the oil and gas sector, listed on the Karachi stock exchange of Pakistan were selected as samples. Secondary data has been collected covering ten years from 2010-2019. The data was collected from the annual report and state bank site of Pakistan. E-views have been used to test the impact of CSR and firm profitability. For this study four tests were used to check the significance and stationarity of data. In which include Unit Root test, Co-integration, Vector Error Correction Estimation, and Granger Causality test. On the basis of the Unit Root test results, all variables show the stationarity. According to the results of Cointegration, there is no long-run relationship between variables. According to Granger Causality results shows all variables are move to another and impact on another if CSR take dependent variable excluded net profit after tax (0.0249), net profit margin (0.9989) and total assets are (0.4841) so, in which all three variables are move to one variable that is CSR. In vector error correction estimates take a137 observations these observations shows a results about short run dynamic relationship of variables. So In overall tests are used for analysis shows significant and stationarity results and these are good for study so it means these results create a positive impact on CSR and firm performance.

scholarly journals Do Erratic Rainfalls Hamper Grain Production? Analysis of Supply Response of Rice to Price and Non-Price Factors

Agronomy ◽  
2021 ◽  
Vol 11 (8) ◽  
pp. 1463
Author(s):  
Ghulam Mustafa ◽  
Azhar Abbas ◽  
Bader Alhafi Alotaibi ◽  
Fahd O. Aldosri
Keyword(s):  
Unit Root Test ◽  
Rice Production ◽  
Vector Error Correction ◽  
Supply Response ◽  
Target Time ◽  
Vector Error ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
The Impact

Increasing rice production has become one of the ultimate goals for South Asian countries. The yield and area under rice production are also facing threats due to the consequences of climate change such as erratic rainfall and seasonal variation. Thus, the main aim of this work was to find out the supply response of rice in Malaysia in relation to both price and non-price factors. To achieve this target, time series analysis was conducted on data from 1970 to 2014 using cointegration, unit root test, and the vector error correction model. The results showed that the planted area and rainfall have a significant effect on rice production; however, the magnitude of the impact of rainfall is less conspicuous for off-season (season 2) rice as compared to main-season rice (season 1). The speed of adjustment from short-run to long-run for season-1 rice production is almost two-and-a-half years (five production seasons), while for season-2 production, it is only about one-and-a-half year (three production seasons). Consequently, the study findings imply the supply of water to be enhanced through better water infrastructure for both seasons. Moreover, the area under season 2 is continuously declining to the point where the government has to make sure that farmers are able to cultivate the same area for rice production by providing uninterrupted supply of critical inputs, particularly water, seed and fertilizers.

scholarly journals Financial and economic aspects of corporate social responsibility

2020 ◽  
Vol 89 ◽  
pp. 07002
Author(s):  
V.V. Ilyashenko
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Special Role ◽  
Financial Conditions ◽  
National Wealth ◽  
Role Of The State ◽  
Corporate Social ◽  
The Impact

The article shows the importance of corporate social responsibility (CSR) in ensuring sustainable development of the country. The types of CSR and its features in various states are considered. The author describes the economy of the Russian Federation and its impact on the system of corporate social responsibility in the country. The high profitability of resource-extractive industries and their use of the country’s national wealth defines their special role in CSR not only towards their employees through wages and the allocation of social benefits from profit, but also to the society. It is shown that the established country’s political system significantly influences the possibility of implementing a system of corporate social responsibility. The author characterizes the significant regulatory and stimulating role of the state in social development through taxation and the structure of government spending. When assessing the financial conditions of CSR, the author analyses the impact of capital outflow on its development. Corporate social responsibility also includes the responsibility of organizations to the environment. The author provides a rating assessment of Russian oil and gas, mining and metallurgical companies openness in terms of environmental responsibility.

scholarly journals Impact of Corporate Social Responsibility on the Financial Performance of Banks in Pakistan

2014 ◽  
Vol 21 ◽  
pp. 9-19 ◽  
Author(s):  
M. Shoukat Malik ◽  
Muhammad Nadeem
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Service Sector ◽  
Annual Reports ◽  
Net Profit ◽  
Corporate Social ◽  
The Impact ◽  
The Relationship

The purpose of this paper is to investigate the impact of Corporate Social Responsibility on the Financial Performance of banks in the service sector of Pakistan. The data is obtained from the annual reports issued by the banks during 2008-2012. To verify the relationship between EPS, ROA, ROE, Net Profit and CSR regression models are used. The results show that there is lack of CSR in Pakistan and the regression model shows that there is positive relationship between profitability (EPS, ROA, ROE, and Net Profit) and CSR practices. The Financial institutions which implements CSR in their operations earn more profit for the long term periods.

scholarly journals Исследование закономерностей развития корпоративной социальной ответственности в России на основе специализированного рейтинга

2020 ◽  
pp. 150-159
Author(s):  
Иделя Бадыкова
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Negative Impact ◽  
Socially Responsible ◽  
Public Companies ◽  
Significant Negative Impact ◽  
Corporate Social ◽  
Oil And Gas Sector ◽  
Disclosure Rate

Целью данного исследования выступает изучение тенден- ций, связанных с уровнем социальной ответственности российских компаний. Для решения поставленных задач использована авторская методика составления рейтинга раскрытия информации о корпоративной социальной от- ветственности. Полученные результаты свидетельству- ют о том, что в целом компании из выборочной совокупно- сти раскрывают около 75% рассматриваемых критериев. При этом лидеры рейтинга представлены большей частью секторами добычи и переработки нефти и газа, химиче- ской промышленности и электроэнергетики, что может свидетельствовать об их стремлении отчасти компенси- ровать наносимый обществу и экологии вред. As part of the research a specialized rating of the corporate social responsibility was compiled based on the author’s methodology. Data was collected for the sample of 106 Russian public companies in the non-financial sector. On average, the disclosure rate of all indicators is as high as 75%. The most responsible companies, disclosing information on 25 to 27 out of 27criteria, were identified to form the list of 29 companies. Most of them appear to belong to oil and gas sector, chemical and energy industries. One of the possible explanations for that trend is that these areas tend to attract negative attention of the society. Accordingly, it can be assumed that the companies from the mentioned sectors act reasonably to compensate for their negative impact on the environment and society. It should also be noted that the companies represented by these sectors are usually large and have sufficient resources. According to the inadequate resources theory, companies participate in socially responsible projects when they have the resources to do so. However, this theory is relevant for the emerging markets, while stakeholder and signaling theories are more equitable for leading economies. The companies included into the sample show the highest level of the environmental impact disclosure, which may be explained by the fact that most of the companies are industrial with significant negative impact on the environment. In general, this study is a subject to a number of disadvantages. Firstly, the sample was quite small. Accordingly, the conclusions presented may be somewhat skewed and limited. Secondly, econometric models should be used. to present more reasonable results. That is planned to be the next stage of the research. Nevertheless, in our opinion, in general, the results obtained reflect the main trends in the development of the corporate social responsibility in Russia.

scholarly journals Implementasi CSR Perusahaan MIGAS dalam pelayanan kesejahteraan Masyarakat di Tuban (study implementasi CSR Joint Operating Body Pertamina Petrochina East Java)

ASKETIK ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 77-90
Author(s):  
Muhammad Miftahul Huda
Keyword(s):  
Corporate Social Responsibility ◽  
Community Development ◽  
Social Responsibility ◽  
Oil And Gas ◽  
Good Practice ◽  
Resource Curse ◽  
Voluntary Action ◽  
Community Needs ◽  
Corporate Social ◽  
The Impact

This paper is a result of research study about the impact of Corporate Social Responsibility (CSR) of oil and gas company in social welfare. This research specifically focus on communities in five villages around an oil and gas Joint Operating Body managed by Pertamina and Petrochina of East Java operating in Tuban Regency, East Java Province. The company performed CSR as required by Law No.22 Year 2001 on Oil and Gas which further elaborated by Special Task Force for Upstream Oil and Gas Business Activities' (SKK Migas) Regulation No. 017/PTK/III/2005 on Guidelines for Community Development. The research method is a qualitative and descriptive. The research found that the company's CSR implemented four programs which do not led to a good practice of community development. Many programs implemented did not align with community needs, lacking of transparency – which then led to misuse of fund, and no impact on affected communities' welfare. Poverty in natural resource rich area is a common phenomena known as as the 'resource course'. It is called a 'curse' as the natural resources were supposed to be a blessing for a prosper and prosperous community. However, the opposite is often happen. This resource curse is believed can be solved by many things, in which one of them, is the company's role through Corporate Social Responsibility (CSR). In order for CSR programs to work well, align with community needs and have a sustainable impact, then the management of CSR becomes an important thing to be pushed. Transparency and accountability of CSR programs are crucial points which required to be monitored by stakeholders. CSR is not a charity based on voluntary action, but an obligation that is the responsibility of the company as good mining practices.

scholarly journals The impact of oil companies’ sustainability on environmental safety

2021 ◽  
Vol 937 (2) ◽  
pp. 022079
Author(s):  
E Markovskaya ◽  
N Nikolaishvili ◽  
P Kashperyuk
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Environmental Sustainability ◽  
Oil And Gas ◽  
Environmental Safety ◽  
Environmental Indicators ◽  
Oil Companies ◽  
Corporate Social ◽  
Oil And Gas Companies ◽  
The Impact

Abstract The pandemic has significantly worsened the situation of oil and gas companies, causing a decline in demand and prices on the global energy market. In this crisis situation, there is an urgent need to review the organizational activities of companies, within which there is an interest in studying the impact of corporate social responsibility on the sustainability of companies and their environmental safety. Despite a sufficient number of empirical works studying the impact of corporate social responsibility on environmental indicators, there are not enough works in foreign and domestic literature studying this relationship on the example of the oil and gas industry. The purpose of this work is to determine the impact of corporate social responsibility on the environmental sustainability of oil and gas companies. The object of this study is corporate social responsibility, and the subject is the impact of corporate social responsibility on the sustainability of oil and gas companies.

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