How Corporate Governance and CSR disclosure affect Firm Performance?

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Show simple item record Manzoor, Muhammad Suhaib Rehman, Ramiz Ur Usman, Muhammad Islam Ahmad, Muhammad Ishfaq
dc.contributor.other Ekonomická fakulta cs 2019-09-16T08:54:20Z 2019-09-16T08:54:20Z
dc.identifier.issn 1212-3609
dc.description.abstract The study aims to provide empirical evidence of firm performance relation with board characteristics (Independent directors, Executive directors, and CEO duality), ownership structure (Managerial, State, and Foreign ownership) and CSR disclosure. The CSR disclosure by listed firms in developing countries has become a phenomenon during recent times. However, the type of CSR disclosure is still non-financial. However, it is an interesting topic for researchers to evaluate the performance of the firm in the presence of non-financial disclosure of CSR. Firm level panel data has collected for firms listed in KSE-100 index in Pakistan between 2012 and 2016. The study uses panel data analysis to estimate the models using firm size as a control variable. Results of the empirical research indicate that firms in the service industry are less disclosing the CSR, but such disclosure is positively related to firm performance. The authors find evidence that executive directors when engaging into CSR disclosure activities, it negatively and significantly impact the firm performance. The authors qualify the results regarding the CEO duality, independent directors, managerial ownership, state ownership and foreign ownership with impact on firm performance. Further, the results suggest that state ownership is influential in the service industry and negatively affect the firm performance. This study contributes to the existing body of knowledge in developing countries context that how CSR non-financial disclosure, especially in the service firms, affect the firm financial performance. Future research should use cross-country analysis for assessing the models and examining the results across countries, industry, and sectors. From a practical perspective, the results may guide firms how to engage in CSR disclosure activities without hampering the firm performance while considering the other firm level factors. This study is extensively novel in all of its contents and contributes mainly to the literature of CSR disclosure and firm performance. en
dc.format text
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject CSR disclosure en
dc.subject service industry en
dc.subject firm performance en
dc.subject corporate governance en
dc.subject.classification G34
dc.subject.classification M14
dc.subject.classification L25
dc.subject.classification O14
dc.title How Corporate Governance and CSR disclosure affect Firm Performance? en
dc.type Article en
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2019-3-002
dc.identifier.eissn 2336-5604
local.relation.volume 22
local.relation.issue 3
local.relation.abbreviation E+M cs
local.relation.abbreviation E&M en
local.faculty Faculty of Economics
local.citation.spage 20
local.citation.epage 35
local.access open
local.fulltext yes
local.filename EM_3_2019_02
dc.identifier.orcid 0000-0001-6019-4781 Rehman, Ramiz Ur
dc.identifier.orcid 0000-0003-1468-1073 Ahmad, Muhammad Ishfaq

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