Reviewing Corporate Social Responsibility Initiatives of Tobacco Industry in Pakistan

Nazir, Mian Sajid; Iftikhar, Mehnoor; Rana, Aiza Hussain; Sadiq, Naeem; Ahmed, Faria

doi:10.2139/ssrn.1532625

Cited by 8 publications

(12 citation statements)

References 9 publications

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“…CSR has been well examined in Pakistan. The prior studies support the notion that sound CSR practices improve the financial performance of firm [28][29][30][31][32] and corporate image [33][34][35]. Likewise, studies conducted by the authors in [20][21][22] documented a substantial association between CG and level of corporate disclosure, but so far limited empirical work has been carried out to analyze whether this also relates to environmental reporting.…”

Section: Introductionmentioning

confidence: 59%

The Relationship between Environmental Reporting and Corporate Governance: Empirical Evidence from Pakistan

Naseer¹,

Rashid²

2019

Globalization

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The main purpose of the present research is to empirically scrutinize the relationship between corporate governance (CG) characteristics and environmental reporting (ER) (a component of corporate social responsibility) of firms in Pakistan, through the lens of stakeholder and agency theory. The annual reports of 50 non-financial companies listed on Pakistan Stock Exchange (PSX) for the years 2014-2015 are content analyzed to compute the companies' environmental reporting practices. A multifactor model comprising of six elements of CG, i.e. board size, board independence, CEO duality, audit committee independence, proportion of female directors on board and institutional investors is used to assess the impact of CG elements on companies' environmental reporting initiatives. The results revealed that larger board size, higher proportion of independent non-executive directors on the board, partition of the dual role of chairman and CEO and institutional ownership is associated with greater environmental reporting. The results are valuable to both academics and policy makers in Pakistan.

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Section: Introductionmentioning

confidence: 59%

The Relationship between Environmental Reporting and Corporate Governance: Empirical Evidence from Pakistan

Naseer¹,

Rashid²

2019

Globalization

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“…Companies that adopt the GRI can choose various levels of reporting and may also opt to have these disclosures audited (Ligteringen and Zadek, 2005). Environmental and social standards also exist, such as “ISO 14000 and Green Globe 21”, however, non‐consensus to international regulatory and reporting mechanisms serves as a primary inhibitor to a global approach (Hooper and Greenall, 2005; Lynes and Andrachuk, 2008, p. 382; Lynes and Dredge, 2006, p. 119; Nazir, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The study found that around 40 percent of the companies under review addressed ten or more items from the index in their disclosures (Singh and Ahuja, 1983). Other studies indicate that CSR efforts in South Asia have been driven by shareholders in order to improve economic and social values, a drive that also resulted in improved employee safety and job security (Ahmad, 2006; Haroon and Nisar, 2010; Nazir, 2010). Employee‐driven CSR was found within two Pakistani companies in the tobacco industry.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Employee‐driven CSR was found within two Pakistani companies in the tobacco industry. Nazir (2010) concluded that Pakistani companies were “developing and implementing their own environment and safety polices for the sake of employees” (p. 115). A study of annual reports in Bangladesh found that companies were using CSR as a tactical tool within a broader marketing strategy (Belal, 2003).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Within South Asia, evidence on CSR activities is limited because studies have only focussed upon Bangladesh and India (Belal (2008); Willard, 2002; Singh and Ahuja, 1983). Although a few CSR studies from Pakistan have also been published, these have not addressed the disclosure of CSR activities in external reporting (Naeem and Welford, 2009; Nazir, 2010). In view of this dearth of evidence, the purpose of the present study is to add to the literature through a focus on CSD in Pakistan.…”

Section: Introductionmentioning

confidence: 99%

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CSR reporting: a review of the Pakistani aviation industry

Kemp

Vinke

2012

South Asian Journal of Global Business Research

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Purpose – The purpose of this paper is to evaluate the corporate social responsibility (CSR) content on corporate web sites and in annual reports, to identify the prevailing CSR dimensions and themes employed by the aviation industry of Pakistan. Design/methodology/approach – The authors use a qualitative content analysis of annual reports and corporate web sites to identify primary CSR dimensions and themes in the aviation companies in Pakistan. Findings – Only 13 out of 39 companies (or 33 per cent) clearly identified at least one CSR dimension in their financial reporting and/or on their web site. Overall content analysis revealed prevalence of two distinct CSR dimensions, including Social and Economic as well as Environment, and eight subsequent themes. Research limitations/implications – The present research is limited by a dearth of available CSR data in the aviation industry of Pakistan due to the lack of annual reporting and inconsistent web site information. An implication for future research is to support our rudimentary findings through in‐depth interviews and/or survey results. Practical implications – It is concluded that Pakistani aviation companies must increase CSR disclosure (CSD) in annual reports, in order to meet international requirements. Social implications – CSR information (in the aviation industry) is likely to raise public awareness about social, economic and environmental issues within the Pakistani society. It is subsequently likely to improve conditions for wider use of CSD within Pakistani companies. Originality/value – This is the first paper to analyze CSR disclosures within the aviation industry of Pakistan. The research adds value to the existing body of knowledge about CSR in developing countries, in particular within South Asia.

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Impact of Corporate Social Responsibility Disclosure on Financial Performance: Case Study of Listed Pharmaceutical Firms of Pakistan

Malik

Kanwal

2016

J Bus Ethics

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Reviewing Corporate Social Responsibility Initiatives of Tobacco Industry in Pakistan

Cited by 8 publications

References 9 publications

The Relationship between Environmental Reporting and Corporate Governance: Empirical Evidence from Pakistan

The Relationship between Environmental Reporting and Corporate Governance: Empirical Evidence from Pakistan

CSR reporting: a review of the Pakistani aviation industry

Impact of Corporate Social Responsibility Disclosure on Financial Performance: Case Study of Listed Pharmaceutical Firms of Pakistan

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