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Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country

Corporate Social Responsibility (CSR) is an imperative product or service strategy established to maintain a competitive advantage. CSR has accomplished a broader recognition and a more vigorous acceptance in corporate practices as well as in the academic literature. It is evident that CSR is an eve...

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Main Authors: Chaudhry, Asim Ali, Ramakrishnan, Suresh, Sulimany, Hamid Ghazi H., Sharif, Ayesha
Format: Article
Published: Ascociacion Internacional de Economia Aplicada 2021
Subjects:
HB Economic Theory
Online Access:http://eprints.utm.my/id/eprint/95797/
http://dx.doi.org/10.25115/eea.v39i4.4315
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spelling my.utm.957972022-05-31T13:19:21Z http://eprints.utm.my/id/eprint/95797/ Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country Chaudhry, Asim Ali Ramakrishnan, Suresh Sulimany, Hamid Ghazi H. Sharif, Ayesha HB Economic Theory Corporate Social Responsibility (CSR) is an imperative product or service strategy established to maintain a competitive advantage. CSR has accomplished a broader recognition and a more vigorous acceptance in corporate practices as well as in the academic literature. It is evident that CSR is an ever-expanding, wide area of research and practice. Companies engage in CSR practices to fulfil the expectations of stakeholders and to build healthy relationships with them. The current study employed pooling regression analysis to 36 listed companies in Pakistan Stock Exchange (PSX) from 2009 to 2018. The research has found that the CSR disclosure derives to enhance shareholder value. Likewise, CSR disclosure has a positive significant effect on shareholder value. The proposed study has value for Pakistani government, stock exchange, shareholders, and policy makers by highlighting the distinct impact on shareholder value and its relation with corporate social responsibility disclosure. Ascociacion Internacional de Economia Aplicada 2021 Article PeerReviewed Chaudhry, Asim Ali and Ramakrishnan, Suresh and Sulimany, Hamid Ghazi H. and Sharif, Ayesha (2021) Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country. Estudios de Economia Aplicada, 39 (4). ISSN 1133-3197 http://dx.doi.org/10.25115/eea.v39i4.4315
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic HB Economic Theory
spellingShingle HB Economic Theory
Chaudhry, Asim Ali
Ramakrishnan, Suresh
Sulimany, Hamid Ghazi H.
Sharif, Ayesha
Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
description Corporate Social Responsibility (CSR) is an imperative product or service strategy established to maintain a competitive advantage. CSR has accomplished a broader recognition and a more vigorous acceptance in corporate practices as well as in the academic literature. It is evident that CSR is an ever-expanding, wide area of research and practice. Companies engage in CSR practices to fulfil the expectations of stakeholders and to build healthy relationships with them. The current study employed pooling regression analysis to 36 listed companies in Pakistan Stock Exchange (PSX) from 2009 to 2018. The research has found that the CSR disclosure derives to enhance shareholder value. Likewise, CSR disclosure has a positive significant effect on shareholder value. The proposed study has value for Pakistani government, stock exchange, shareholders, and policy makers by highlighting the distinct impact on shareholder value and its relation with corporate social responsibility disclosure.
format Article
author Chaudhry, Asim Ali
Ramakrishnan, Suresh
Sulimany, Hamid Ghazi H.
Sharif, Ayesha
author_facet Chaudhry, Asim Ali
Ramakrishnan, Suresh
Sulimany, Hamid Ghazi H.
Sharif, Ayesha
author_sort Chaudhry, Asim Ali
title Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
title_short Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
title_full Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
title_fullStr Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
title_full_unstemmed Enhancing Shareholder Value through Corporate Social Responsibility Disclosure in a Developing Country
title_sort enhancing shareholder value through corporate social responsibility disclosure in a developing country
publisher Ascociacion Internacional de Economia Aplicada
publishDate 2021
url http://eprints.utm.my/id/eprint/95797/
http://dx.doi.org/10.25115/eea.v39i4.4315
_version_ 1735386848462635008
score 13.211869

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