Corporate Social Responsibility and Firm Performance: Evidence from Pakistan

Khan, Naeem; Malik, Qaisar Ali; Saghir, Ahsen

doi:10.30543/9-4(2020)-32

Cited by 3 publications

(5 citation statements)

References 30 publications

(36 reference statements)

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“…However, a R 2 value of 9% indicates small variability in EPS is explained by the CSR expenses and there is a great deal of unexplained variance in the proposed model. The findings also align with the outcomes of earlier research (Murtaza et al, 2014;Kiran et al, 2015;Jie and Hasan, 2016). Table 5 displays the correlation between the CSR expenditures of Nepalese commercial banks and financial performance metrics like ROA, ROE, and EPS.…”

Section: ~ 38 ~supporting

confidence: 85%

“…Three schools of thought have emerged in the CSR literature. The first school believes that there is a positive correlation between CSR and FP (Murtaza et al, 2014;Fu and Shen, 2015;Yusoff and Adamu, 2016). Uadiale and Fagbemi (2012) analysis of the effect of CSR in developing countries demonstrates a substantial and favorable correlation between CSR and FP.…”

Section: Csr and Financial Performancementioning

confidence: 99%

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Corporate social responsibility expenditures and its impact on financial performance variables of listed commercial banks in Nepal

Khanal¹,

Arora²

2023

PJMA

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Financial institutions, such as banks, hold significant position in the economy and are subject to increasing expectations from shareholders. As a result, it is crucial to understand how CSR influences the financial aspects of banking operations. Corporate social responsibility (CSR) is often viewed as a self-regulatory approach that is incorporated into the business models of companies and organizations. The primary objective of this research is to evaluate the impact of CSR on the financial performance of various commercial banks in Nepal. The study utilizes data from all commercial banks in Nepal over a three-year timeframe, spanning from 2020 to 2022. For many businesses, CSR serves as a forwardthinking business strategy and marketing tool that aids in achieving a competitive edge. Research results have demonstrated a notable and substantial influence of CSR on ROA and EPS. However, we found no relationship of CSR expenses on commercial banks’ ROE. Most of the research on corporate social responsibility focuses on established companies and countries, while developing nations like Nepal receive minimal attention. The findings of this study significantly add to the existing knowledge and provide crucial insights for policy makers and governance of financial sector.

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Section: ~ 38 ~supporting

confidence: 85%

Section: Csr and Financial Performancementioning

confidence: 99%

Corporate social responsibility expenditures and its impact on financial performance variables of listed commercial banks in Nepal

Khanal¹,

Arora²

2023

PJMA

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“…The company can optimally manage its resources so that it supports the company's goal of generating high profits. Research conducted by the researches [20,33,34] state that Company Size affects ROE.…”

Section: Discussionmentioning

confidence: 99%

“…Empirically, the problem of the influence of corporate social responsibility and company size on stock returns through Return On Equity is still controversial in the existing literature [9][10][11][12][13][14][15][16][17] states that corporate social responsibility and company size affect Return On Equity and Stock Return. However, there is a research gap in research from [5,[18][19][20] showing that corporate social responsibility and Return…”

Section: Introductionmentioning

confidence: 99%

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

Hafidzi¹,

Satoto²,

Supeni³

2023

IJSDP

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The COVID-19 pandemic has had a huge impact on all aspects of the company's life cycle. Some companies are even unable to maintain optimal performance like before during the pandemic. Corporate social responsibility activities that are considered to provide good faith to the good name of the company that contribute to increasing stock returns. However, corporate social responsibility activities are maximized because the costs are chosen for activities around the environment carried out by large-scale companies on the Compass Index 100. This study aims to determine the effect of corporate social responsibility and company size on stock returns through Return on Equity in companies listed on Kompas 100 Index after the COVID-19 Pandemic. The population in this study covers all companies that are members of the Kompas 100 Index and are registered with Indonesia Stock Exchange (IDX). The sample method used is purposive sampling. The data analysis technique used is Structural Equation Modeling (SEM) analysis. The results showed that corporate social responsibility and company size affect Return on Equity and stock returns, and Return on Equity affects stock returns. The demand for shares of companies listed on the Kompas 100 Index is classified as the most consistent because it takes into account the company's sustainability in the future by allocating corporate social responsibility costs to build the company's good name. Corporate social responsibility activities are the example of the company's concern for the surrounding environment which aims to be able to increase the company's Return on Equity. In line with the higher level of Return on Equity, the size of the company as measured by total assets has also increased.

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“…In Pakistan, digital transformation is increasingly recognized as a catalyst for enhancing firm performance in the service sector. Research suggests that companies embracing digital technologies witness a 25% increase in market share and a 30% improvement in customer engagement metrics (Khan & Ali, 2019). Moreover, in Bangladesh, firms adopting digital strategies report a 20% reduction in overhead costs and a 35% increase in employee productivity, demonstrating the transformative impact of digitalization on operational efficiency and financial outcomes (Rahman & Islam, 2020).…”

Section: Introductionmentioning

confidence: 99%

Influence of Digital Transformation on Firm Performance in the Service Industry in United States

Smith

2024

IJBS

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Purpose: The aim of the study was to assess the influence of digital transformation on firm performance in the service industry in the United States. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: The adoption of digital technologies such as cloud computing, big data analytics, and artificial intelligence has led to improved operational efficiency, enhanced customer experiences, and increased competitive advantage for service firms. These advancements have enabled firms to streamline processes, personalize services, and optimize resource allocation, thereby driving revenue growth and profitability. Moreover, digital transformation has facilitated greater agility and innovation, allowing firms to adapt to changing market dynamics and capitalize on emerging opportunities. However, challenges such as cybersecurity threats, data privacy concerns, and workforce skill gaps remain pertinent, highlighting the importance of strategic planning and investment in digital capabilities. Overall, the findings underscore the transformative power of digital technologies in shaping the performance and competitiveness of service firms in the United States. Implications to Theory, Practice and Policy: Resource-based view theory, institutional theory and dynamic capabilities theory may be use to anchor future studies on assessing the influence of digital transformation on firm performance in the service industry in the United States. Service firms should prioritize fostering a culture of innovation to support digital transformation initiatives effectively. Policymakers should work on creating supportive regulatory frameworks that encourage innovation and investment in digital technologies within the service industry.

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Corporate Social Responsibility and Firm Performance: Evidence from Pakistan

Cited by 3 publications

References 30 publications

Corporate social responsibility expenditures and its impact on financial performance variables of listed commercial banks in Nepal

Corporate social responsibility expenditures and its impact on financial performance variables of listed commercial banks in Nepal

The Effect of COVID-19 Pandemic on Stock Return of Kompas 100 Index

Influence of Digital Transformation on Firm Performance in the Service Industry in United States

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