scholarly journals The Effect of Corporate Social Performance and Financial Performance On Corporate Social Responsibility (CSR) Disclosure As an Intervening Variable Toward Firm Value

2018 ◽  
Vol 21 (03) ◽  
Author(s):  
Fanisya Alya Puteri ◽  
Lindrianasari Lindrianasari ◽  
Ninuk Dewi Kesumaningrum ◽  
Farichah Farichah
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Csr Disclosure ◽  
Corporate Social

Corporate governance, corporate social responsibility and corporate performance

2010 ◽  
Vol 16 (5) ◽  
pp. 641-655 ◽  
Author(s):  
Chi-Jui Huang
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Positive Impact ◽  
Social Performance ◽  
Outside Directors ◽  
Asian Economy ◽  
Corporate Social

AbstractPrevious research has analyzed and debated corporate governance (CG) and corporate social responsibility (CSR) independently. This paper aims to empirically explore the interrelationship between CG, CSR, financial performance (FP) and Corporate Social Performance (CSP) using a sample of 297 electronics companies operating in Taiwan, a newly industrialized Asian economy. The results show that a CG model which includes independent outside directors and which has specific ownership characteristics has a significantly positive impact on both FP and CSP, whereas FP itself does not influence CSP. The presence of independent outside directors in the firm has the greatest impact on the social performance of the firm's worker, customer, supplier, community and society dimensions. Government shareholders enhance a firm's social performance extraordinarily because government shareholders will be more likely to request that companies fulfill their social responsibilities. Only government shareholders positively and significantly relate to a firm's environmental performance. Furthermore, foreign institutional stockholders help to increase worker and supplier performance by paying more attention to employee policies and supply chain relationships. Finally, independent outside directors, foreign institutional stockholders and domestic financial institutional stockholders are shown to improve financial performance.

Corporate governance, corporate social responsibility and corporate performance

2010 ◽  
Vol 16 (5) ◽  
pp. 641-655 ◽  
Author(s):  
Chi-Jui Huang
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Positive Impact ◽  
Social Performance ◽  
Outside Directors ◽  
Asian Economy ◽  
Corporate Social

AbstractPrevious research has analyzed and debated corporate governance (CG) and corporate social responsibility (CSR) independently. This paper aims to empirically explore the interrelationship between CG, CSR, financial performance (FP) and Corporate Social Performance (CSP) using a sample of 297 electronics companies operating in Taiwan, a newly industrialized Asian economy. The results show that a CG model which includes independent outside directors and which has specific ownership characteristics has a significantly positive impact on both FP and CSP, whereas FP itself does not influence CSP. The presence of independent outside directors in the firm has the greatest impact on the social performance of the firm's worker, customer, supplier, community and society dimensions. Government shareholders enhance a firm's social performance extraordinarily because government shareholders will be more likely to request that companies fulfill their social responsibilities. Only government shareholders positively and significantly relate to a firm's environmental performance. Furthermore, foreign institutional stockholders help to increase worker and supplier performance by paying more attention to employee policies and supply chain relationships. Finally, independent outside directors, foreign institutional stockholders and domestic financial institutional stockholders are shown to improve financial performance.

scholarly journals A Quantitative Analysis for the Correlation Between Corporate Financial and Social Performance

2016 ◽  
Vol 4 (4) ◽  
pp. 55
Author(s):  
Wafaa Salah ◽  
Mostafa Abdelhady Salama
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Three Dimensions ◽  
Operating Income ◽  
Corporate Social Responsibility Report ◽  
Corporate Social ◽  
The Relationship

Recently, the corporate social performance (CSP) is not less important than the corporate financial performance (CFP). Debate still exists about the nature of the relationship between the CSP and CFP, whether it is a positive, negative or a neutral correlation. The objective of this study is to explore the relationship between corporate social responsibility (CSR) reports and CFP. The study uses the accounting-based and market-based quantitative measures to quantify the financial performance of seven organizations listed on the Egyptian Stock Exchange in 2007-2014. Then uses the information retrieval technologies to quantify the contribution of each of the three dimensions of the corporate social responsibility report (environmental, social and economic). Finally, the correlation between these two sets of variables is viewed together in a model to detect the correlations between them. This model is applied on seven firms that generate social responsibility reports. The results show a positive correlation between the Earnings per share (market-based measure) and the economical dimension in the CSR report. On the other hand, total assets and property, plant and equipment (accounting-based measure) are positively correlated to the environmental and social dimensions of the CSR reports. While there is not any significant relationship between ROA, ROE, Operating income and corporate social responsibility. This study contributes to the literature by providing more clarification of the relationship between CFP and the isolated CSR activities in a developing country.

Dampak Kinerja Keuangan dan Pengungkapan Corporate Social Responsibility (CSR) terhadap Nilai Perusahaan

2019 ◽  
Vol 3 (2) ◽  
pp. 408
Author(s):  
Detak Prapanca
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Firm Value ◽  
Net Income ◽  
Test Results ◽  
Company Value ◽  
Csr Disclosure ◽  
Corporate Social ◽  
A Company

The development of a company will illustrate the increasing asset of a company that will describe the value of a company. Company value can be reflected from financial performance (EPS, ROA and NPM) as well as corporate social responsibility (CSR) disclosure. In this research firm value is analyzed with financial performance data and corporate CSR in 5th interval from year 2011 to 2015. Based on research that has been done show that financial performance proxy with ratio of EPS, ROA and NPM partially only NPM which have significant influence, where The company's value will increase 2,207 if the company's net income is generated high. In addition, corporate value is also proxied with the disclosure of social responsibility (CSR), in this study CSR does not significantly influence. Corporate performance and social responsibility disclosure simultaneously based on the research that has been done have an ef ect on simultaneously and significantly. This is indicated by the value of testing the value of F - Calculate is greater than the value of F - Table. The test results obtained value F - count 3.079, the value when compared with the value of t - table has a larger value, for t - table produced with df = 4 and N = 54 of 2.54. This indicates that financial performance simultaneously / simultaneously af ect the value of the company. And based on the result of testing the significance value of 0,024 <0,05, this result indicate that financial performance and disclosure of social responsibility significantly influence company value.

scholarly journals Corporate social responsibility and financial performance: Evidence from the financial sector.

2011 ◽  
Vol 8 (2) ◽  
pp. 27-36 ◽  
Author(s):  
Maria-Gaia Soana
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Financial Sector ◽  
Financial Loss ◽  
Book Value ◽  
Corporate Social ◽  
The Relationship

Does corporate social responsibility (CSR) entail economic and financial loss or does it guarantee competitive advantage? To answer this question, many studies have aimed to establish, largely in samples from multiple industries, the relationship between corporate social performance (CSP) and corporate financial performance (CFP). These studies have produced conflicting results and any attempt to give a generalised and coherent conclusion has proved inadequate. This paper investigates the possible connection between CSP (measured by ethical rating) and CFP (measured by price-to-book-value) in a sample of international financial intermediaries. Although most previous contributions seem to confirm the hypothesis of the existence of a positive relationship between the two variables, the paper finds no clear evidence of a significant relationship between CSP and CFP in the financial sector.

scholarly journals Pengaruh Kinerja Lingkungan Terhadap Corporate Financial Performance Dengan Corporate Social Responsibility Disclosure Sebagai Variabel I Ntervening (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bei)

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Syaiful Bahri ◽  
Febby Anggista Cahyani
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Corporate Financial Performance ◽  
Purposive Sampling ◽  
Corporate Social Responsibility Disclosure ◽  
Corporate Social

Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh kinerja ligkungan terhadap corporate financial performance dengan corporate social responsibility sebagai variabel intervening pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia. Teknik sampling yang digunakan adalah purposive sampling dengan kriteria (1) sampel penelitian ini adalah perusahaan yang bergerak di bidang manufaktur yang terdaftar di BEI periode 2013-2014. (2) perusahaan manufaktur yang melaporkan corporate social responsibility (CSR) periode 20132014. (3) perusahaan manufaktur yang telah mengikuti Program Penilaian Peringkat Kinerja Perusahan dalam Pengelolaan Lingkungan Hidup (PROPER) tahun 2013-2014. Jenis penelitian ini adalah statistic deskriptif dengan teknik analisis yang digunakan adalah regresi linear berganda dan analisis jalur. Uji hipotesis menggunakan alat statistik berupa koefisien determinasi dan uji t.Hasil analisis dengan menggunakan analisis regresi  ini menunjukkan bahwa kinerja lingkungan berpengaruh terhadap kinerja keuangan, kinerja lingkungan berpengaruh terhadap CSR, CSR berpengaruh terhadap kinerja keuangan dan uji hipotesis menggunakan analisis jalur menunjukkan secara langsung CSR dapat memediasi hubungan antara  kinerja lingkungan dengan CSR. Kata kunci : kinerja lingkungan, corporate financial performance (CFP) dan corporate social performance (CSR), PROPER

The Influence of Regulation and Financial Performance on The Disclosure of Corporate Social Responsibility and Corporate Reputation Moderated by Ownership Structure

2021 ◽  
Vol 5 (4) ◽  
pp. 13-22
Author(s):  
Median Wilestari ◽  
Akhmad Syakhroza ◽  
Chaerul D. Djakman ◽  
Vera Diyanty
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Ownership Structure ◽  
Corporate Reputation ◽  
Firm Value ◽  
Negative Influence ◽  
Public Companies ◽  
Csr Disclosure ◽  
Corporate Social

Objective - A study by Ernst and Young (2010) found that 84% of public companies believed that Corporate Social Responsibility (CSR) was an activity that had a positive impact on companies. However, only 11% of those companies disclosed their CSR in their annual reports. This article presents the findings of a study examining the effect of CSR regulation and corporate financial performance, as measured by corporate liquidity, profitability, leverage and firm value, on the disclosure level of the CSR of public companies in Indonesia, and its impact on corporate reputation. Methodology/Technique - Hypothesis tests with multiple regression were used with nonfinancial corporate categories listed on the Indonesian Stock Exchange between 2010 to 2018. Purposive sampling was used, with results from 217 sampled companies and 1953 datasets used in the model. Findings - The study reveals that there is a significant difference in the CSR disclosure of all corporate categories after the regulation of CSR was enacted as a mandatory in 2012. Financial performance measured through Cash Flow from Operations (CFO) and Debt to Equity Ratio (DER) had a positive significant influence on CSR disclosure. However, Return on Assets (ROA) and firm value have no influence. Family ownership as a moderating variable had a negative influence and weakened the association between CFO and CSR disclosure, whereas foreign ownership as a moderating variable had a negative influence and weakened the association between ROA and CSR disclosure. CSR disclosure had a positive influence on corporate reputation from the stakeholders’ perception in terms of awards received by the company and the individual stock price index as an alternative measurement for reputation. Novelty - The impact of CSR disclosure on corporate reputation was analysed based on the alternative measurement of reputation. Ownership structure consisting of family ownership and foreign ownership were taken as the moderating variables in the correlation between financial performance and the disclosure of CSR. Type of Paper: Empirical. JEL Classification: M14, M41. Keywords: Corporate Social Responsibility; Regulation; Financial Performance; Moderation; Ownership Structure Corporate Reputation. Reference to this paper should be made as follows: Wilestari, M.; Syakhroza, A; Djakman, C.D; Diyanty, V. (2021). The Influence of Regulation and Financial Performance on The Disclosure of Corporate Social Responsibility and Corporate Reputation Moderated by Ownership Structure, Accounting and Finance Review, 5(4): 13 – 22. https://doi.org/10.35609/afr.2021.5.4(2)

Bringing theory to practice: how to extract value from corporate social responsibility

2014 ◽  
Vol 5 (1) ◽  
pp. 22-44 ◽  
Author(s):  
Maria Federica Izzo
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Business Strategy ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Integrated Approach ◽  
Company Performance ◽  
Content Type ◽  
Corporate Social

Purpose – This contribution aims to clarify the role of corporate social responsibility (CSR) as an issue of governance and a strategic tool more than a mere communication activity, with a potential impact on both organizations and their economic and financial performance. Design/methodology/approach – The paper provides an overview of the literature contribution on CSR and its impact on value, offering a new conceptual model useful both for managers and relevant stakeholders in assessing, through an integrated approach, the company performance. Findings – The analysis focuses on how CSR investments can create value for companies and for stakeholders in general. This can occur if the related benefits exceed the related costs, generating a favorable balance toward what we called the virtuous cycle of CSR. This cycle is made up of four steps – decision, design, action and result – that define a potential value creation path that a responsible firm can take, assuming that it integrates a social agenda into its competitive strategy and assuming that the market appreciates real and effective social efforts of companies. Research limitations/implications – Because the descriptive chosen approach, the research could be enriched with a quantitative analysis to test the proposed propositions further. Originality/value – This paper fulfils the need, identified in the major literature, of a temporary ceasefire on corporate social performance and its link to financial performance, focusing on tools and instruments that can practically modify the companies' approach to CSR and the evaluation processes of its impact on business, strategy and disclosure.

scholarly journals Impact of Corporate Social Responsibility on Financial Performance of Corporations: Evidence from Pakistan

2012 ◽  
Vol 2 (6) ◽  
pp. 107 ◽  
Author(s):  
Nadeem Iqbal ◽  
Naveed Ahmad ◽  
Nauman Ahmad Basheer ◽  
Muhammad Nadeem
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Stock Returns ◽  
Corporate Social Performance ◽  
Stock Exchange ◽  
Social Performance ◽  
Market Value ◽  
Negative Effect ◽  
Corporate Social

This paper estimates the relationship of corporate social responsibility, financial performance, market value of the share and financial leverage . In this particular study, 156 listed companies on Karachi Stock Exchange (KSE) from textile sector, chemical sector, cement sector and the tobacco sector are taken. The observations are taken for the entire period of 2010 and 2011 from the published resources of state bank of Pakistan. In aggregate, the results of the study conclude that corporate social performance (CSR) has no effect on financial performance (CFP) . It is obvious from the results that CSR has negative effect on the market value of the share but no relationship to D/E behavior of the firm, significantly. Moreover, the investors do not have the same level of information as the information is captured by the management about the company affairs. In addition, the debt singling hypothesis indicates that the further incorporation of debt into capital structure should influence the behavior of the investor, regarding to the investment in the shares positively, but due to information asymmetry, it is negative. This study further provides the room to test the model of effect of CSR on stock returns in a portfolio construction. Key words: Corporate Social Responsibility, Financial Performance, Market Performance, Market Value.

Corporate Social Performance and Firms' Financial Performance: An Alternative Perspective

1994 ◽  
Vol 75 (3) ◽  
pp. 1091-1103 ◽  
Author(s):  
Roy L. Simerly
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Performance Measure ◽  
Alternative Perspective ◽  
Corporate Social ◽  
The Relationship ◽  
Measures Of Performance

Prior studies of the relationship between corporate social responsibility and firms' financial results have produced inconsistent results. This study reexamined the relationship using multiple measures of 110 firms' financial performance. The traditional measures of performance provide inconsistent results across different economic environmental contexts. An alternative performance measure based on stakeholders' response was tested. The results of testing this measure were consistent across the two contexts.

Sign in / Sign up

Export Citation Format

Share Document