Staff View: Measuring corporate social responsibility commitments in the Malaysian financial services industry

Measuring corporate social responsibility commitments in the Malaysian financial services industry

Corporate social responsibility (CSR) agenda has increasingly come under the spotlight over cases of unethical business practices by public and private companies around the world. Shareholders and members of the general public are being confronted with a steady stream of corporate scandal that has a...

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Main Authors:	Muwazir M.R., Abdul Hadi N., Yusof M.
Format:	Article
Language:	English
Published:	2017
Subjects:	Commitments; Corporate social responsibility; Emerging country; Executives; Financial industry; Malaysia
Online Access:	http://ddms.usim.edu.my:80/jspui/handle/123456789/15440
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id	my.usim-15440
record_format	dspace
spelling	my.usim-154402018-06-12T01:32:54Z Measuring corporate social responsibility commitments in the Malaysian financial services industry Muwazir M.R., Abdul Hadi N. Yusof M. Commitments; Corporate social responsibility; Emerging country; Executives; Financial industry; Malaysia Corporate social responsibility (CSR) agenda has increasingly come under the spotlight over cases of unethical business practices by public and private companies around the world. Shareholders and members of the general public are being confronted with a steady stream of corporate scandal that has an increasingly deteriorating effect on investors' confidence (Miller, 2009). In fact, the importance of CSR commitments and initiatives may have a direct impact on the success of the future business atmosphere as many organisations worldwide have come under pressure to comply with the international CSR standards and practices (Miller, 2009). In order to demonstrate the commitment to achieve economic advancement, Malaysian government is keen to incorporate CSR programmes into companies' agenda to heighten their profile, so that they can gain recognition and increase investors' confidence from the perspective of local and international investors. Therefore, this paper seeks to measure the level of CSR commitment by financial sector in Malaysia. 376 respondents selected from financial executives were asked to indicate their companies' level of commitment towards 17 elements of CSR. Overall, the findings indicate that financial services sector in Malaysia promotes important roles in community and environment, culture and philanthropy. 2017-11-16T03:22:25Z 2017-11-16T03:22:25Z 2013 Article 1995-0748 http://ddms.usim.edu.my:80/jspui/handle/123456789/15440 en
institution	Universiti Sains Islam Malaysia
building	USIM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universit Sains Islam i Malaysia
content_source	USIM Institutional Repository
url_provider	http://ddms.usim.edu.my/
language	English
topic	Commitments; Corporate social responsibility; Emerging country; Executives; Financial industry; Malaysia
spellingShingle	Commitments; Corporate social responsibility; Emerging country; Executives; Financial industry; Malaysia Muwazir M.R., Abdul Hadi N. Yusof M. Measuring corporate social responsibility commitments in the Malaysian financial services industry
description	Corporate social responsibility (CSR) agenda has increasingly come under the spotlight over cases of unethical business practices by public and private companies around the world. Shareholders and members of the general public are being confronted with a steady stream of corporate scandal that has an increasingly deteriorating effect on investors' confidence (Miller, 2009). In fact, the importance of CSR commitments and initiatives may have a direct impact on the success of the future business atmosphere as many organisations worldwide have come under pressure to comply with the international CSR standards and practices (Miller, 2009). In order to demonstrate the commitment to achieve economic advancement, Malaysian government is keen to incorporate CSR programmes into companies' agenda to heighten their profile, so that they can gain recognition and increase investors' confidence from the perspective of local and international investors. Therefore, this paper seeks to measure the level of CSR commitment by financial sector in Malaysia. 376 respondents selected from financial executives were asked to indicate their companies' level of commitment towards 17 elements of CSR. Overall, the findings indicate that financial services sector in Malaysia promotes important roles in community and environment, culture and philanthropy.
format	Article
author	Muwazir M.R., Abdul Hadi N. Yusof M.
author_facet	Muwazir M.R., Abdul Hadi N. Yusof M.
author_sort	Muwazir M.R., Abdul Hadi N.
title	Measuring corporate social responsibility commitments in the Malaysian financial services industry
title_short	Measuring corporate social responsibility commitments in the Malaysian financial services industry
title_full	Measuring corporate social responsibility commitments in the Malaysian financial services industry
title_fullStr	Measuring corporate social responsibility commitments in the Malaysian financial services industry
title_full_unstemmed	Measuring corporate social responsibility commitments in the Malaysian financial services industry
title_sort	measuring corporate social responsibility commitments in the malaysian financial services industry
publishDate	2017
url	http://ddms.usim.edu.my:80/jspui/handle/123456789/15440
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score	13.222552

Measuring corporate social responsibility commitments in the Malaysian financial services industry

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