Disclosure of Corporate Social Responsibility and Firm Performance: Evidence from India

Laskar, Najul; Maji, Santi Gopal

doi:10.1177/2319510x16671555

Cited by 44 publications

(54 citation statements)

References 61 publications

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“…Some researchers found CSR to be positively and significantly associated with firm value/performance, but a large number of studies revealed an insignificant association. The difference in results, as noted earlier, may be due to differences in methodology adopted, study period examined and the wide variation in variables used in measuring CSR, the different institutional setting, and to some extent the operational constructs [91], and importantly the problem of endogeneity [74]. According to Carrots and Sticks [92], there exists a positive theoretical relationship between CSR disclosure and firm value/performance.…”

Section: Prior Research On Csr Disclosure Performance and Firm Valuementioning

confidence: 99%

“…All variables are listed and defined in Table 1 below. Consistent with prior disclosure research [91] that employed disclosure index, this study adopts the disclosure formula below to construct the three separate disclosure performance indexes.…”

Section: Measurement Of Variables and Model Specificationmentioning

confidence: 99%

“…Moreover, it has been reported that, according to the GRI, only the validated contents are disclosed. Thus, the present study uses GRI-guided disclosure performance indicators as a unit of measure along with a uniform coding system for enhancing the reliability [91].…”

Section: Measurement Of Variables and Model Specificationmentioning

confidence: 99%

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Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

et al. 2018

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Prior CSR and firm performance research has produced mixed results. Even so, numerous researches examining this relationship from the perspective of international standardisation have primarily concentrated on developed economics. This leaves an obvious gap within the extant literature with regards to evidence from sub-Saharan Africa. The aim of this study is to investigate the relationship between the extent of CSR disclosure performance and firm value, in an emerging institutional setting. Using hand collected data of South African listed companies, we apply the GRI G3.1 guidelines, as a measure of disclosure performance. Based on the panel data fixed effect model, we document a positive but insignificant relationship between CSR disclosure performance and firm value. Secondly, a negative and insignificant relationship was found between environmental disclosure performance and firm value. Lastly, we found a positive and statistically significant relationship between social disclosure performance and firm value. Overall, our findings suggest that CSR disclosure has a limited effect on firm value. Our findings hold for a set of robustness tests. Our findings suggest that the incorporation of sustainability disclosure, on the basis of GRI, is moderately high among the selected companies. Implications of our results suggest that CSR disclosure may not necessarily influence firm value, despite its numerous benefits. We contribute to this line of research from a multi-theoretical perspective.

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Section: Prior Research On Csr Disclosure Performance and Firm Valuementioning

confidence: 99%

Section: Measurement Of Variables and Model Specificationmentioning

confidence: 99%

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Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

et al. 2018

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“…Though many research studies were conducted in Nigeria, and in other parts of the world in the quest for inding the relevance of CSR to corporate performance, divergent results were however documented. While the work of Adeneye and Ahmed (2015) Al-Samman and Al-Nashmi (2016), Akanbi and Ofoegbu (2012), Laskar and Maji (2016), Yusoff and Adamu (2016), inds the existence of positive impact of CSR on all the irms performance, Babalola (2012), Islam, Ahmed, and Hasan (2012); inds no signi icant impact between CSR and corporate performance. These divergent results are perceived to stem from the different methodologies, in terms of measures of CSR and corporate performance, adopted by the researchers involved, and this keeps the debate a loat.…”

Section: Statement Of the Problemmentioning

confidence: 99%

Effect of corporate social responsibility on enterprise value of deposit money bank in Nigeria

2019

J. adm. bus. stud.

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This study sought to determine the effect of Corporate Social Responsibility (CSR) (i.e., Environmental Expenditure (EE), Community Expenditure (CE), and Employee Expenditure (EmE) on Enterprise Value (EV), with particular reference to quoted deposit money banks in Nigeria. The study adopted the correlational design, and a population of 21 banks was considered. Out of this population, 15 banks were sampled through the purposive method. Panel regression was used to analyze the data, which were collected from annual inancial reports of the sampled banks. The results of the analysis indicated that, overall, CSR's effect on enterprise value is statistically signi icant; meaning that corporate social responsibility expenditure has signi icant effect or association with enterprise value (i.e., EV). The study recommended that banks in Nigeria should maintain, and possibly increase their CSR expenditure rather than looking to reduce or even eliminate it as they seek to cut down on their business cost. This is because of the likely negative effect it might have on their business in the long run as documented by the outcome of this study.

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“…In this study, I reviewed various research conducted by different scholars. Laskar and Maji (2017) conducted research on disclosure of corporate social responsibility (CSR) and financial performance: evidence from India. The result showed a positive impact of CSR on all the firms' performance.…”

Section: Review Of Literaturementioning

confidence: 99%

The Impact of Corporate Social Responsibility on the Financial Performance in Nepalese Commercial Banks

Bahadur¹

2020

Pravaha

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The main purpose of this study is to examine the impact of Corporate Social Responsibility (CSR) on Return of Assets (ROA), Return of Equity (ROE) and Earnings per Shares (EPS) of commercial banks in Nepal. This study will be of immense use to the government, financial institutions and to other stakeholders. The data is obtained from the annual reports issued by the sample banks, and the study has covered the period of 2010-2018. The impact of ROE, ROE and EPS was tested on CSR. Similarly, to verify relationship between ROA, ROE, EPS and CSR the simple regression model was used. The regression model shows that ROA of Nepal Investment Bank and Standard Chartered Bank Nepal have no significant relationship with corporate social responsibility. ROE of Nepal Investment Bank has a significant relationship but Standard Chartered Bank Nepal has no significant relationship with CSR. Similarly, EPS of Nepal Investment Bank has a significant relationship but Standard Chartered Bank Nepal has no significant relationship with CSR. The study recommends that the financial institutions i.e. commercial banks should follow the directives given by the Central Bank (Nepal Rastra Bank) in the Monetary Policy for the F/Y 2016/17, in which Banks and Financial Institutions (BFIs) are asked to spend at least one percent of their profits in CSR activities and also CSR should be seen as an investment reported as such in financial statements of the financial institutions.

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Disclosure of Corporate Social Responsibility and Firm Performance: Evidence from India

Cited by 44 publications

References 61 publications

Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

Disclosure of CSR Performance and Firm Value: New Evidence from South Africa on the Basis of the GRI Guidelines for Sustainability Disclosure

Effect of corporate social responsibility on enterprise value of deposit money bank in Nigeria

The Impact of Corporate Social Responsibility on the Financial Performance in Nepalese Commercial Banks

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