Corporate Social Responsibility and Firm Financial Performance of Public Listed Company in Malaysia
A corporate social responsibility (CSR) strategy is thought to provide value to a business in the form of monetary gains in addition to fostering a positive corporate image. Still, there are a variety of motivations for participating in CSR initiatives. Without a doubt, participating in CSR needed a...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Human Resource Management Academic Research Society
2024
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/47259/1/corporate-social-responsibility-and-firm-financial-performance-of-public-listed-company-in-malaysia.pdf http://ir.unimas.my/id/eprint/47259/ https://hrmars.com/index.php/IJARAFMS/article/view/17705/Corporate-Social-Responsibility-and-Firm-Financial-Performance-of-Public-Listed-Company-in-Malaysia http://dx.doi.org/10.6007/IJARAFMS/v14-i2/17705 |
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| Summary: | A corporate social responsibility (CSR) strategy is thought to provide value to a business in the form of monetary gains in addition to fostering a positive corporate image. Still, there are a variety of motivations for participating in CSR initiatives. Without a doubt, participating in CSR needed a significant financial and resource commitment, which will reduce the corporation's profit margin. CSR activities has been proved that it can improve a company's reputation and present a positive picture to stakeholders. Even if businesses must contribute financially, the expenses will pay off in the form of increased profits and shareholder trust and confidence. This study is aimed to study the impact of corporate social responsibility (CSR) on firm financial performance of the selected sectors that help in raising Malaysia economy. In this research, a quantitative method is adopted to analyse the secondary data collected through Stata 14 SE software. This research obtained the data over the period of 2016 to 2020 of 124 public listed companies of Malaysia from the sector of construction, industrial products and services, consumer products and services, plantation, and energy. From this study, it showed that CSR has insignificance impact on ROA of the public listed companies in Malaysia from the five selected sectors. The findings of this study also show that CSR has significance impact on financial performance as assessed by NPM of public listed companies in Malaysia from the five selected sectors. |
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