How Corporate Governance and CSR disclosure affect Firm Performance?

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dc.contributor.authorManzoor, Muhammad Suhaib
dc.contributor.authorRehman, Ramiz Ur
dc.contributor.authorUsman, Muhammad Islam
dc.contributor.authorAhmad, Muhammad Ishfaq
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2019-09-16T08:54:20Z
dc.date.available2019-09-16T08:54:20Z
dc.description.abstractThe 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.formattext
dc.identifier.doi10.15240/tul/001/2019-3-002
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.orcid0000-0001-6019-4781 Rehman, Ramiz Ur
dc.identifier.orcid0000-0003-1468-1073 Ahmad, Muhammad Ishfaq
dc.identifier.urihttps://dspace.tul.cz/handle/15240/153571
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectCSR disclosureen
dc.subjectservice industryen
dc.subjectfirm performanceen
dc.subjectcorporate governanceen
dc.subject.classificationG34
dc.subject.classificationM14
dc.subject.classificationL25
dc.subject.classificationO14
dc.titleHow Corporate Governance and CSR disclosure affect Firm Performance?en
dc.typeArticleen
local.accessopen
local.citation.epage35
local.citation.spage20
local.facultyFaculty of Economics
local.filenameEM_3_2019_02
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue3
local.relation.volume22
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