Corporate Social Responsibility (CSR) in Pakistan: A Critique of the Literature and Future Research Agenda

Yunis, Mohammad Sohail; Durrani, Laila; Khan, Amad

doi:10.22547/ber/9.1.4

Cited by 28 publications

(29 citation statements)

References 61 publications

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“…With reference to Carroll's four domains of responsibility, the CSR literature suggests that companies in developing countries often focus on philanthropic aspects of CSR [16,19,27]. In the context of Pakistan, our results suggest that alongside the philanthropic conception of CSR, MNCs also conceptualise CSR in ethical terms.…”

Section: Discussion On Empirical Findingsmentioning

confidence: 71%

“…For example Carroll [45] mentioned his unusual experiences in Finland where stakeholders do not rate philanthropic activities very highly due to the high welfare provision enabled by the high tax rate. However, in developing countries MNCs are often involved in philanthropic activities [14,19,27,31,57,58]. Therefore in this study to make a global CSR integrated model more relevant to MNCs, Carroll's [45] global pyramid of CSR replaces the Carroll [44] model.…”

Section: Proposed Model For This Research: a Global Csr Modelmentioning

confidence: 99%

“…In addition, MNCs are often responsible for a range of negative spillages, from spilling toxic chemicals into rivers to overthrowing democratically elected governments in developing countries [22]. Therefore, operations of MNCs might lead to 'uneven development' in developing countries [26,27]. Similarly, MNCs operating in developing countries often compromise on less influential stakeholder and respond to the powerful stakeholders and compromise on the demand of less active [28].…”

Section: Introductionmentioning

confidence: 99%

“…It can be concluded from the above discussion that although MNCs can be considered as a key institutional actor in an expanding CSR agenda, they are also blamed for much of the social and environmental disruption in the modern world. Scholars have also recognised that relatively little is known about the management of CSR by MNCs in the context of developing countries [11,21,27,35,36,42,43]. In addition to this, the previous studies of CSR have primarily focused upon survey based, whereas the approach of exploratory case study has been ignored [27][28][29][30][31][32][33][34][35][36].…”

Section: Introductionmentioning

confidence: 99%

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Corporate Social Responsibility of Foreign Multinationals in a Developing Country Context: Insights from Pakistan

2018

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This paper aims to explore the dynamics of corporate social responsibility (CSR) of multinational companies (MNCs) subsidiaries operating in Pakistan. To do this, the corporate social performance (CSP) model, has been modified and integrated with the relevant models of CSR for multinational companies (MNCs). Empirical evidence from MNCs operating in the developing country context was collected and analyzed from MNCs operating in Pakistan. Findings from semi-structured interviews uncover that CSR is yet to institutionalize and most MNC executives understand CSR in narrow philanthropic and ethical terms and ignore the legal and economic aspects. Interestingly, there is evidence that MNCs are able to modify global CSR strategies to respond to local contexts and issues. In addition, the sample MNCs lack systematic environmental scanning, stakeholder management and demonstrate a short-term reactive approach to CSR. We believe that the proposed theoretical framework of the study can be utilized to understand MNCs CSR practices in both developed and developing countries. However, these empirical findings are context bound and cannot be generalized.

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Section: Discussion On Empirical Findingsmentioning

confidence: 71%

Section: Proposed Model For This Research: a Global Csr Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Corporate Social Responsibility of Foreign Multinationals in a Developing Country Context: Insights from Pakistan

2018

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“…Actually, the multinational corporations (MNCs) brought the concept of CSR to Asian and African countries, although MNCs practiced CSR differently in different countries. Yunis, Durrani, and Khan (2017) observed that Pakistani organizations were mostly practicing CSR as a reactive, short-term and charitable activity without engaging the stakeholders. Furthermore, different aspects of CSR including environmental and social aspects such as air and water pollution, industrial waste management, energy conservation, green business, product quality, training and development, human rights, etc, were yet to be practiced by both local and MNCs in developing countries.…”

Section: R M B Rmentioning

confidence: 99%

Effects of Corporate Social Responsibility on Financial Performance of Islamic Banks in Pakistan

Shah¹,

Nasir²,

Niazi³

2020

IRMBR

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This study intended to evaluate association between corporate social responsibility (CSR) and financial performance of Islamic banks using accounting measures such as ROA, ROE and market-based performance measure, Tobin's Q. Carroll's Pyramid was used to measure the CSR. Secondary data were collected from the annual reports of 4 full-fledged Islamic banks of Pakistan for a period of five years i.e. 2013-2017. Data were analyzed through Stata software applying GLS to assess the requisite dependence of financial performance on the diverse dimensions of CSR. Results indicate a significantly positive relationship between economic responsibilities and financial performance whereas philanthropic and legal responsibilities have a negative relationship with financial performance. Consequently, it is concluded that CSR has a somewhat mixed (favourable as well as unfavourable) effect on the financial performance of Islamic banks. The nature of mixed results may be attributed to the diverse nature of dimensions of CSR. Therefore, the management of banks is recommended to relocate their resources to increase the financial performance of their banks.

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Corporate social responsibility and financial performance nexus: Empirical evidence from Ghana

Saeed,

Mudliar,

Kumari

2023

Corp Soc Responsibility Env

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This paper investigates the relationship between corporate social responsibility and the financial performance of Ghana's publicly listed financial institutions. Twelve listed financial institutions on the Ghana Stock Exchange (GSE) provided secondary data during a 10‐year period (2010–2019). The data were examined using descriptive statistics, correlation matrix, rotated factors, factor score efficiency, and regression results. Corporate social responsibility (CSR) has a favourable effect on profitability and stock returns, according to the data. This demonstrate that while CSR enhances businesses' capacity for financial success, it should not be viewed as an optional activity but rather be included in long‐term business strategies. The study recommends management of financial institutions to ensure CSR activities are formally inbuilt into their policy statements and backed with an effective budget. The study further recommends more publicity be given to CSR programs undertaken by financial institutions to assist them get the needed potential benefits in enhancing their ROE and ROA. This study serves as a guide for policymakers and reference for future research on the effect of CSR on company performance in Sub‐Saharan Africa.

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Corporate Social Responsibility (CSR) in Pakistan: A Critique of the Literature and Future Research Agenda

Abstract: Abstract

Cited by 28 publications

References 61 publications

Corporate Social Responsibility of Foreign Multinationals in a Developing Country Context: Insights from Pakistan

Corporate Social Responsibility of Foreign Multinationals in a Developing Country Context: Insights from Pakistan

Effects of Corporate Social Responsibility on Financial Performance of Islamic Banks in Pakistan

Corporate social responsibility and financial performance nexus: Empirical evidence from Ghana

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