Moderating role of financial ratios in corporate social responsibility disclosure and firm value

Naseem, Muhammad Akram; Lin, Jun; Rehman, Ramiz Ur; Ahmad, Muhammad Ishfaq; Ali, Rizwan

doi:10.1371/journal.pone.0215430

Cited by 24 publications

(22 citation statements)

References 116 publications

(101 reference statements)

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“…Finally, the investigation about the moderating role of financial ratios in Corporate Social Responsibility disclosure and firm value made by Naseem et al, (2019), confirms in its findings that a high level of CSR disclosure captures the attention of stakeholders and that CSR disclosure may be used to resolve agency issues, the results also suggest that SCR disclosure can improve the performance of organizations as manifested in the significant differences between the financial performances of those companies that disclose and do not disclose their CSR activities.…”

Section: Literature Reviewsupporting

confidence: 52%

“…The results obtained however, differ from the investigation made by Hategan et al, (2018) that establishes a direct correlation of odds between the listed companies doing CSR and registered profits; which is not the same for the companies analyzed in the current paper, showing companies doing CSR activities with both postive and negative results. Similarly, the study made by Naseem et al, (2019) states that there is significant differences between the financial performance of companies that disclose their CSR activities compared to the ones than doesn't, which is not the case for the results of the current investigation since all of the analyzed companies continually disclouse all of their CSR information in order to keep their distinction as a SRC. In a related matter, the findings made by Hermawan & Mulyawan (2014) who that there is little correlation to company0s financial performance and the quality of CSR disclosure, which is clearly different from the results obtained here that establish the constant and public disclosure of CRS activities as the variable that represents the CRS itself.…”

Section: Conclusion and Discussion Of Resultsmentioning

confidence: 74%

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The Socially Responsible Company distinctive as an element for the creation of economic value of a company

Sánchez

Delgado

Batres

et al. 2020

recai

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Purpose: The present investigation was designed to determine the possible relationship between obtaining the Socially Responsible Company distinctive and the generation of economic value by the obtaining companies. Design/methodology/approach: A sample of 32 companies listed on the Mexican Stock Exchange that were awarded the Socially Responsible Company distinctive was drawn and two valuation focal points were considered: one before obtaining the distinctive and another subsequent to it. To establish the economic value of the companies, the free-cash-flow method was used. This study is considered, therefore, under the income approach of business valuation methods. Finally, the values obtained in both focal points were compared to determine the change in generated value attributable to the SRC distinctive. Findings: The results confirmed that obtaining the distinctive as a Socially Responsible Company does have an impact on the generation of economic value for the companies belonging to the sample -measured through the free-cash-flow method. This impact was determined at an average 6.26%, reasonably resembling the distribution of individual results a normal probabilistic distribution. Originality/value: This work adds value to the research on corporate social responsibility value measurement. This research study differentiates from others in the area due to the use of the CSR certification granted in Mexico by CEMEFI, as a social responsibility variable. In addition, the free-cash-flow method was used in the analysis, which is a novelty as it had not been applied to investigations of this type before. Likewise, this research work adds to past research in as much as it concludes that there is a positive relationship between corporate social responsibility and the generation of economic benefits.

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Section: Literature Reviewsupporting

confidence: 52%

Section: Conclusion and Discussion Of Resultsmentioning

confidence: 74%

The Socially Responsible Company distinctive as an element for the creation of economic value of a company

Sánchez

Delgado

Batres

et al. 2020

recai

View full text Add to dashboard Cite

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“…In addition, the quality of environmental disclosure is perceived as a key value for business growth (Ong et al, 2016;Y. Li et al, 2018;Naseem et al, 2019), which can be defined by voluntary and timely disclosure. Indeed, managers are encouraged to provide better quality environmental disclosures in an effort to build a favorable environmental reputation to strengthen the company's overall reputation and help the public and investors make the right investment decisions (Morales-Raya et al, 2018;Asmeri et al, 2017;.…”

Section: Introductionmentioning

confidence: 99%

Environmental Audit and Environmental Disclosure Quality

Virgilio

2020

SAEB

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In this study we explore the association between environmental audit and the quality of environmental disclosure as measured by voluntary and timely disclosure. Relying on a multiple theory framework and using a sample of 81 French non-financial companies listed on the SBF 120 index covering the six-year period from 2012 to 2017, we found a positive and statistically significant relationship between the level of voluntary disclosure of environmental information and the environmental audit committee, the environmental auditor's BIG 4, debt levels, firm size, earnings management, and the industry. In addition, findings indicate that the environmental audit committee, CSR committee, the environmental auditor's BIG 4, earnings management, firm size, and the industry have an impact on the timely disclosure of environmental information. However, the regression of the results showed that there is no relationship between CSR committee and the level of the voluntary disclosure of environmental disclosure.

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“…1030) emphasize the priority of ensuring sustainability in the development of public sector organizations in an unstable socio-economic environment. Naseem et al (2019) assure that the financial performance of companies that ensure transparency and publicity of information on corporate social responsibility is better than that of non-disclosing companies. This confirms our position on the importance of transparency in ensuring corporate social responsibility.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Social Responsibility as a Performance Indicator of Public Authorities

Pavlyshyn

Ustymenko

Babiuk³

et al. 2021

Acad. J. Interdiscip. Stud.

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Further development of consolidated democracy in the modern world involves the implementation of the concept of responsible, socially significant and law-compliant behaviour of public servants. This urges the issue of defining social responsibility as a qualitatively new performance indicator of public authorities in public discourse. The research aims at analysing the relevance of the use of social responsibility as a criterion for evaluating the work of public authorities. The relationship of the social responsibility and professionalism development processes is analysed from the angle of public administration, and their impact on ensuring the effective implementation of competencies by public authorities is determined. The article analyses professionalism styles, substantiates the reasonability of wider application of professionalism as a factor capable of ensuring the introduction of social responsibility by public authorities for the effective implementation of their competencies. The theoretical approaches of New Public Management and Good Governance for the development of a socially responsible approach in the work of public authorities are analysed. Emphasis is placed on the practical significance of Good Governance in ensuring the sustainable development of public sector organizations and their transparency as an important factor and consequence of the realization of social responsibility principles. It is concluded that the ongoing implementation of social responsibility approaches in the work of public authorities in the 10’s of the 21st century has been re-actualized. It is generalized that social responsibility is a means of maintaining the integrity of society, ensuring social justice, social relations development. It is determined that the social responsibility level of the state is a performance indicator of public administration. It is concluded that effective corporate social responsibility requires the development of a regulatory mechanism of public administration and public-private partnership. Received: 4 January 2021 / Accepted: 6 April 2021 / Published: 10 May 2021

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Moderating role of financial ratios in corporate social responsibility disclosure and firm value

Cited by 24 publications

References 116 publications

The Socially Responsible Company distinctive as an element for the creation of economic value of a company

The Socially Responsible Company distinctive as an element for the creation of economic value of a company

Environmental Audit and Environmental Disclosure Quality

Social Responsibility as a Performance Indicator of Public Authorities

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