An Analysis of Corporate Social Responsibility and Firm Performance with Moderating Effects of CEO Power and Ownership Structure: A Case Study of the Manufacturing Sector of Pakistan

Javeed, Sohail Ahmad; Lin, Lijin

doi:10.3390/su11010248

Cited by 158 publications

(181 citation statements)

References 163 publications

(249 reference statements)

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“…In the context of empirical research concerning CSR, it is important to take into consideration the key decision-making groups, such as the executive directors and the property structure, respectively the components of corporate governance (CG). These key decision-making groups have the power to control the operational activities of the company and the policies adopted by it, including those pertaining to CSR, for a better understanding of both CSR, as well as FP [32]. In fact, the mixed and ambiguous results concerning the CSR-FP connection have led scholars to widen the the hypothesis range and to also take into consideration the indirect, mediating factors of the causal relationship between the two variables.…”

Section: Interlinkages Among Cg-csr-fp and Cg-fpmentioning

confidence: 99%

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

et al. 2019

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This study investigates the interlinkages between the dimensions of corporate social responsibility (CSR-economic, environmental, social), financial performance (ROA, ROE), and corporate governance (CG), by applying the structural equation modeling technique (SEM). It is based on a sample of 614 large companies from the European Economic Area, covering specific indicators published by the Thomson Reuters database, for the years 2013–2017. The equation models are structured starting from isolated dependencies between variables, up to the global ones (direct, indirect, and total dependencies). The mixed results obtained imply that the nature and heterogenous content of CSR lead to different statistical dependencies for each of the two financial performance indicators. ROA is positively influenced by the economic dimension of CSR, but, the level of this rate does not necessarily contribute to an increase in the involvement of the company in this type of CSR actions. At the same time, ROA is influenced and affects in a negative way the environmental and social dimensions of CSR. In the case of ROE, it is influenced and impacts the economic and social dimensions in a positive way. The environmental dimension of CSR influences ROE positively, but it is negatively affected by this profitability rate. Corporate governance exerts a positive impact on all of the model’s variables, both as a direct and indirect factor of influence.

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Section: Interlinkages Among Cg-csr-fp and Cg-fpmentioning

confidence: 99%

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

et al. 2019

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“…Moreover, organizations operate in the context of low-quality products, inadequate living conditions, violations of human rights, fair wage issues that do not provide a reasonable standard of living, and, more noticeably, a very high rate of child labor. Water and environmental contamination are another threat, since most businesses mistreat their waste materials [19]. Moreover, Pakistan has a lack of awareness of CSR activities among developing countries [20].…”

Section: Introductionmentioning

confidence: 99%

Process Innovation as a Moderator Linking Sustainable Supply Chain Management with Sustainable Performance in the Manufacturing Sector of Pakistan

et al. 2020

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Purpose: The aim of this research paper is to significantly contribute to empirical research on the impact of sustainable supply chain management (SSCM) practices on sustainable performances of firms, with the moderating effect of process innovation (PI), in the manufacturing sector in Pakistan. This paper also theorizes comprehensive SSCM practices and sustainable performance models of firms and evaluates them empirically. Two aspects of SSCM experiences have been integrated into the model: internal management and external management practices of a firm's sustainability impact assessment. Research methodology: Using the data from 297 manufacturing firms in Pakistan, this research paper analyzes the influence of sustainable supply chain management practices on sustainable performances of firms with the moderation of process innovation in the said relationship. In this study, we used partial least-squares structural equation modelling (PLS-SEM) for data analysis. Results: The findings demonstrate that both internal management and external management SSCM practices have a positive and significant impact on a firm's sustainable performance, thus supporting hypotheses (H1-H4). Moreover, process innovation as a moderator has a statistically significant relationship between hypotheses H5 and H5c. Originality: For Pakistani firms, comprehensive performance models of SSCM practices are proposed and empirically evaluated. The results of this study help to support the hypotheses that internal and external SSCM practices are necessary for the service sector. Process innovation plays an important role if managed and implemented properly. A number of internal and external SSCM approaches and implications are recommended, along with firm size as a moderator.Sustainability 2020, 12, 2303 19 of 24 may investigate dynamic changes at various SSCM stages by using time series data or panel data. Reducing the subjective factors and biases of the participants and conducting a broader sample survey will be a future piece of work. This study used process innovation as a moderator. Future studies may incorporate other moderating variables, such as firm size, to test the relationship between SSCM practices and a firm's sustainable performance in the service sector of developing economies. Author Contributions: Conceptualization, R.W. and Y.S.; methodology, R.W.; software, H.M.S.; validation, R.W. and Y.S.; formal analysis, F.W.; investigation, R.W.; data curation, M.J.H.; writing-original draft preparation, H.K. and R.W.; writing-review and editing, R.W.; supervision, Y.S. All authors have read and agreed to the published version of the manuscript.

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“…Pakistan stands low in transparency and accountability at all levels (Yunis et al 2018). At the government level, there is very little transparency and accountability because of many socio-economic and socio-political problems (Javeed and Lefen 2019;Yunis et al 2018). There is a lack of systems that should be in place for ensuring transparency and accountability.…”

Section: Transparency and Accountabilitymentioning

confidence: 99%

An emerging economy perspective on corporate sustainability reporting – main actors’ views on the current state of affairs in Pakistan

Mahmood¹,

Kouser²,

Masud

2019

AJSSR

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The purpose of this paper is to explore the main actors' views on the current state of sustainability reporting in a developing country context. This qualitative study is based on the interviews of 20 individuals and organizations from Pakistan who were identified as main actors involved in the practice of sustainability reporting. This paper draws on the arguments of multiple theoretical frameworks, including legitimacy theory, stakeholders' theory, institutional theory, political cost theory, and signalling theory. Following a semi-structured interview protocol, main actors were asked to share their views on the drivers and barriers of sustainability reporting, sufficiency and suitability of sustainability-related regulation and standards, perceived benefits of sustainability reporting, level of stakeholder engagement and transparency. Interviews were then analysed to compare the viewpoints of different stakeholder groups on various issues. This paper concludes that, like other emerging and developing economies, the practice of sustainability reporting is largely driven by the external forces. Foreign buyers, international professional associations and standard-setting organizations are playing a pivotal role in the emergence and development of sustainability reporting. Sustainability reporting awards also played an important role as they provide the normative basis and intangible benefits for reporting. Despite these external forces driving the emergence and development of SR in Pakistan, the structural and cultural conditions that exist in the societal context of Pakistan significantly impact the disclosure practices and organizational rationales for SR. In particular, weak government structures, lack of awareness and interest in sustainability matters, lack of regulation, lack of enforcement capabilities, lack of a political will has been identified as the main barriers of SR. The paper explores the perceptions of both managerial and non-managerial stakeholders regarding the current state of sustainability reporting in Pakistan.

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An Analysis of Corporate Social Responsibility and Firm Performance with Moderating Effects of CEO Power and Ownership Structure: A Case Study of the Manufacturing Sector of Pakistan

Cited by 158 publications

References 163 publications

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

Well-Governed Sustainability and Financial Performance: A New Integrative Approach

Process Innovation as a Moderator Linking Sustainable Supply Chain Management with Sustainable Performance in the Manufacturing Sector of Pakistan

An emerging economy perspective on corporate sustainability reporting – main actors’ views on the current state of affairs in Pakistan

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