Impact of Capital Structure on Firms Financial Performance and Shareholders Wealth: Textile Sector of Pakistan

Mujahid, Mubeen; Akhtar, Kalsoom

doi:10.5296/ijld.v4i2.5511

Cited by 49 publications

(54 citation statements)

References 4 publications

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“…This result supports the study hypothesis, which posits that commitment to CSR would produce better financial performance. The result is consistent with previous studies, such as Posnikoff (1997); Waddock and Graves (1997); Hill et al, (2007); Mwangi and Jerotich (2013); and Mujahid and Abdullah (2014).…”

Section: Test For the Significance Of The Regression Modelsupporting

confidence: 94%

Examining the Relationship between Corporate Social Responsibility and Financial Performance of Manufacturing Companies in Tigray Regional State, Ethiopia

Asfaw¹,

Gebreegziabher²,

Aregawi³

2016

Ethiopian J. Bus Econ

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Recently the concept of corporate social responsibility (CSR) is being discussed globally. Previous studies investigated the relationship between CSR and corporate financial performance (CFP) and findings show varied results. In this study, we explore and test the relationship between financial performance and social responsibility activities undertaken by private manufacturing firms in Tigray Regional State, Ethiopia. We used survey instruments to collect data from 34 firms over a period of three years. Then, using empirical methods we tested the hypothesis of the direction of the relationship between CSR and CFP. Findings indicate that CSR is positively related to better financial performance, as represented by ROA, ROE, and ROS. This relationship is statistically significant at the p<0.01 level of significance, supporting the view that socially responsible firm performance can be attached with achieving higher financial benefits. Hence, firms should recognize and instill CSR initiatives into their corporate culture and business operations because increases in CSR investments can lead to higher CFP while balancing the needs of their internal and external stakeholders.

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Section: Test For the Significance Of The Regression Modelsupporting

confidence: 94%

Examining the Relationship between Corporate Social Responsibility and Financial Performance of Manufacturing Companies in Tigray Regional State, Ethiopia

Asfaw¹,

Gebreegziabher²,

Aregawi³

2016

Ethiopian J. Bus Econ

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“…Corporate Social Responsibility program or commonly abbreviated as CSR program according to Palmer (2012) are actions that appear to further some social good, beyond the interest of the firm and that which is required by law. CSR can be well-defined as the progressing organizational commitment to work for the betterment of the workforce of the organization to attain ethical values as well as to improve the overall performance of the organization that can also contribute to the economic development of that country (Mujahid & Abdullah, 2014). Legitimacy theory can be used as a motivation for companies to disclose their social and environmental activities (Jitaree, 2015).…”

Section: Introductionmentioning

confidence: 99%

Corporate Social Responsibility Disclosure and Company Financial Performance: Do High and Low Profile Industry Moderate the Result?

Martín

Yadiati

Pratama

2018

IJSAM

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The purpose of this research is to find out whether how much the effect of corporate social responsibility disclosure to company financial performance that was measured by sales growth and return on asset. High and low profile were added to test whether it can moderate the results. The method that were used in this research is a verification analysis. The sample company consisted of 21 companies where 12 of those companies were belong to high profile category and 9 of those were belong to low profile category and also listed in Indonesia Stock Exchange (IDX) within period of 2013-2015. The statistical testing that is used in this research was double linear regression with a significance value of 5%. The result from this research found that the corporate social responsibility disclosure doesn’t have positive and significant effect on sales growth. On the other hand, corporate social responsibility disclosure has a positive and significant effect on return on asset. After industry classification as a moderating variable were taken into account, corporate social responsibility disclosure become non-significant to both sales growth and return on asset. It can be said that high and low profile industry in Indonesia didn’t differ significantly in terms of their corporate social responsibility actions.

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“…Corporate Social Responsibility program or commonly abbreviated as CSR program according to are actions that appear to further some social good, beyond the interest of the firm and that which is required by law [3]. CSR can be well-defined as the progressing organizational commitment to work for the betterment of the workforce of the organization to attain ethical values as well as to improve the overall performance of the organization [4]. One of the advantages of engaging in CSR is that it can improve the firm's reputation [5][6][7].…”

Section: The Concept Of Corporate Social Responsibilitymentioning

confidence: 99%

Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example

Fu¹

2019

ACIS

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With the economic globalization and the rapid development of enterprises, issues related to petroleum leakage, food safety and environmental pollution have become more and more severe, directly affecting human living environment, social harmony and the development of enterprises. At the same time, many listed companies begin to focus on releasing reports with respect to social responsibility, sustainable progress and environmental protection. Using the social responsibility report of Petro China Co. Ltd. as a case, this paper analyzes the current situation of social responsibility information disclosure of China's petroleum enterprises and existing problems in order to provide suggestions for improving the social responsibility information disclosure quality of petroleum enterprises.

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Impact of Capital Structure on Firms Financial Performance and Shareholders Wealth: Textile Sector of Pakistan

Cited by 49 publications

References 4 publications

Examining the Relationship between Corporate Social Responsibility and Financial Performance of Manufacturing Companies in Tigray Regional State, Ethiopia

Examining the Relationship between Corporate Social Responsibility and Financial Performance of Manufacturing Companies in Tigray Regional State, Ethiopia

Corporate Social Responsibility Disclosure and Company Financial Performance: Do High and Low Profile Industry Moderate the Result?

Research on Information Disclosure of Social Responsibility of Petroleum Enterprises in China—Take Petro China (Company Code: 601857) as an Example

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