The aim of this study is to examine the impact Carroll CSR's Pyramid on the firm's financial performance of the top companies listed on Pakistan's stock exchange. The financial performance is proxied by earning per share (EPS), however, the Carroll CSR's Pyramid is undertaken as; economic, philanthropical, legal and ethical environment of the firm. Panel data analysis of top 25 firms listed on Pakistan Stock Exchange during 2011 to 2015 is carried to determine the impact of Carroll CSR Pyramid on firm financial performance. The study found that the economic and philanthropic dimensions are statistically significant impact on the firm's financial performance. However, the legal and ethical dimensions were found statistically significant only with the help of a fixed-effects model. This study concluded that engagement in CSR activities is valuable; however, it is also not necessary that every dimension of the CSR generate the same corporate benefits in developing countries. The sequences of the layers of CSR pyramid were also revisited to attest the notion that the concept of CSR differs geographically from place to place and even time to time.
The study aims to explore the CSR's structure over some time (2016-2019) and draw a distinct pattern about the MNEs operating in Pakistan. Content analysis was used to extract the contextual meaning from the available data to set up the foundation for further research questions and draw a basic CSR prototype through an inductive method to develop a theory. CSR's structure is scattered and irregular in Pakistan. The exact pattern and involvement in specific dimensions are not defined, and the tendency is not identical even in the same industry. All enterprises operating in Pakistan need to exercise the updated corporate governance styles, practice both local and international CSR standards to achieve maximum corporate benefits. CSR concept is a 'time & space' sensitive phenomenon and receptive to domestic culture and institution, especially in developing countries. This research study has tried to sketch a fundamental and general but exact pattern of CSR activities observed within MNEs working in Pakistan.
The main objective of this study was to examine the impact of CSR guidelines 2013 on the level of corporate social responsibilities (CSR) activities and their disclosure in Pakistan. This study analyzed the voluntary disclosure guidelines impact on various stakeholders of the top companies of the year listed in Pakistan’s stock exchange for the five years (2011-2015). It is found that the introduction of these guidelines 2013 had a positive impact on the overall level of corporate social responsibilities disclosures (CSRD). It was also observed that the overall trends in the level of CSRD increased gradually within the sample period. There need to be continuous a requirement through regulations and local pressures on the firms for engaging in ethical business practices and to disclose that information to government organizations and general public. Corporations can gain both economically and ethically when they take CSR as marketing and public relation opportunity. Finally, corporations can give itself edge by distinguishing its operations from others and therefore gain competitive advantage.
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