mpact of corporate social responsibility on the firm’s financial performance

Kanwal, Munaza

doi:10.9790/487x-1456774

Cited by 30 publications

(34 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Matiolańska (2010) added that one of nonmaterial factors that could contribute in improving the economic value of a firm is social responsibility. Findings from various studies also concluded that the alignment of CSR practices with firm's business operations increases the overall firm performance (Mugisa 2011, Kanwal et al 2013, Lin et al 2015. Therefore, the following hypothesis is proposed:…”

Section: Corporate Social Responsibility and Firm Performance Relatiomentioning

confidence: 99%

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

Handayani¹,

Wahyudi

Suharnomo

2017

Business: Theory and Practice

View full text Add to dashboard Cite

the other hand, emphasized that there is no relationship between CSR and firms performance. In addition, Berrone et al. (2009) confirmed that a firm which does not run CSR maximally will not get any positive advantage of CSR on the firm performance. Madueñoa et al. (2015) stated that CSR indicates a very close reciprocal relationship between firm and stakehold ers. Therefore, the relationship of CSR can be mediated by relational capacity to improve the firm performance. The relational capacity can be done through active involvement of a community in CSR programs focusing on environmen tal issues in order to reduce negative effects of the firms' activities and, hence, are beneficial to the community. The CSR practices of manufacturing industries focusing on Abstract. Manufacturing industry contributes to environmental pollution and social cost. Hence, corporate social responsibility (CSR) functions as a way to reduce the effects of corporate activities, to increase longterm performance and stakeholder trust. To increase its effectiveness, this study analyses the mediating role of greenoriented innovation and community participation in implementing the CSR. The study uses simple random sampling to collect 173 respondents from large scale manufacturing firms in Central Java, Indonesia. By using structural equation modeling, the findings showed the significant influence of CSR to the firm performance. The originality of this study concerns the need to involve social and environmental dimensions in applying the ethical program of CSR.

show abstract

Section: Corporate Social Responsibility and Firm Performance Relatiomentioning

confidence: 99%

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

Handayani¹,

Wahyudi

Suharnomo

2017

Business: Theory and Practice

View full text Add to dashboard Cite

show abstract

“…(Pan et al, 2014) Positive correlation was also confirmed in Karagiorgos (2010) study in Greece, where he found that CSR positively impacts stock returns. Long term sustainable development is not the only outcome of CSR and this was supported by the work of Kanwal et al (2013). They found "considerable positive relationship" among CSR and financial performance.…”

Section: Relationship Between Csr and Business Performancementioning

confidence: 90%

Corporate Social Responsibility and Web Reporting

Knezović¹,

Bušatlić²,

Plojovic³

2016

ISJSS

View full text Add to dashboard Cite

Corporate Social Responsibility (CSR) represents the obligation of an individual, or in this case the company, to be beneficial to the society. The concept will no longer consider profit maximization of a company but to take care of the society and the environment in which they operate. In simple words, Corporate Social Responsibility is the way of doing business by combining economic benefit with sustainability of the environment. This paper puts special emphasis on the importance of Corporate Social Responsibility reporting and on the role of companies' websites in it. This is the main reason why we analyzed the websites of the companies in Bosnia and Herzegovina with the specific focus on the CSR content.

show abstract

“…When a firm performs CSR activities, it ensures the welfare of their stakeholders in an exchange with an excellent reputation that may lead to higher profitability. Kanwal, Khanam, Nasreen, & Hameed (2013) showed evidence where CSR activities enhance both reputation and profitability. Further, Gois, de Lima, de Luca, & da Silva (2017) found that a firm's reputation has a negative causal relationship on bankruptcy risk.…”

Section: Introductionmentioning

confidence: 99%

CSR Expenditures, Financial Distress Prediction, and Firm Reputation: A Pathway Analysis

Adinata¹

2019

persi

View full text Add to dashboard Cite

This study is aimed to find the empirical evidence of the relationship between CSR expenditures and financial distress probability of 85 Indonesian’s manufacturing public company listed on BEI. A quantitative method was used to analyze the direct relationship between CSR expenditures and financial distress probability and the indirect effect of the two variables intervened by firm reputation. Observation data was obtained from each of the company’s annual and financial report from the official website of BEI, particularly between the years of 2014 to 2016. Through path analysis method, the results showed that there was an insignificant positive direct relationship between CSR expenditures and financial distress probability of 4.9%. The indirect effect between the two variables also showed the value of 3.7%, but the relationship was rather negative. In total, an increase in one standard deviation of CSR expenditures increases the probability of a firm to be financially distressed by 1.2%. However, with the value of 45.1%, it is proven that CSR expenditures and firm reputation has a positive relationship.

show abstract

mpact of corporate social responsibility on the firm’s financial performance

Cited by 30 publications

References 2 publications

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

The Effects of Corporate Social Responsibility on Manufacturing Industry Performance: The Mediating Role of Social Collaboration and Green Innovation

Corporate Social Responsibility and Web Reporting

CSR Expenditures, Financial Distress Prediction, and Firm Reputation: A Pathway Analysis

Contact Info

Product

Resources

About