The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country
We investigate the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in a developing country context using annual report data from a sample of 131 firms over a 5 year period (2008-2012). Legitimacy theory and stakeholder theory underpin the study. W...
| Main Authors: | , , , |
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| Format: | Journal Article |
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Virtus interpress
2015
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| Online Access: | http://hdl.handle.net/20.500.11937/71968 |
| _version_ | 1848762623008440320 |
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| author | Hossain, M. Chowdhury, M. Evans, Robert Lema, A. |
| author_facet | Hossain, M. Chowdhury, M. Evans, Robert Lema, A. |
| author_sort | Hossain, M. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | We investigate the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in a developing country context using annual report data from a sample of 131 firms over a 5 year period (2008-2012). Legitimacy theory and stakeholder theory underpin the study. We find a positive and significant relationship between CSR and CFP when using accounting measures of return on assets and equity, but an insignificant relationship when using the market based Tobin’s Q. The moderating effect of organisational governance on measures of workplace and environmental reporting is found to be important in a less developed economy. |
| first_indexed | 2025-11-14T10:50:30Z |
| format | Journal Article |
| id | curtin-20.500.11937-71968 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:50:30Z |
| publishDate | 2015 |
| publisher | Virtus interpress |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-719682019-02-27T00:55:25Z The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country Hossain, M. Chowdhury, M. Evans, Robert Lema, A. We investigate the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP) in a developing country context using annual report data from a sample of 131 firms over a 5 year period (2008-2012). Legitimacy theory and stakeholder theory underpin the study. We find a positive and significant relationship between CSR and CFP when using accounting measures of return on assets and equity, but an insignificant relationship when using the market based Tobin’s Q. The moderating effect of organisational governance on measures of workplace and environmental reporting is found to be important in a less developed economy. 2015 Journal Article http://hdl.handle.net/20.500.11937/71968 Virtus interpress fulltext |
| spellingShingle | Hossain, M. Chowdhury, M. Evans, Robert Lema, A. The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title | The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title_full | The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title_fullStr | The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title_full_unstemmed | The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title_short | The relationship between corporate social responsibility and corporate financial performance: Evidence from a developing country |
| title_sort | relationship between corporate social responsibility and corporate financial performance: evidence from a developing country |
| url | http://hdl.handle.net/20.500.11937/71968 |