DOES OWNERSHIP CONCENTRATION MODERATES CORPORATE SOCIAL RESPONSIBILITY-FIRM PERFORMANCE RELATIONSHIP?

Authors

  • Mahnoor Arif University of Haripur
  • Zia ur Rehman University of Haripur
  • Asad Khan University of Haripur
  • Asim Rahman Abbottabad University of Science and Technology

Keywords:

Ownership concentration, CSR, Firm financial performance

Abstract

CSR is basically a commitment demanded from companies to protect stakeholder interests, enhance societal conditions, and contribute to sustainable development. This study investigated the relationship between corporate social responsibility and firm financial performance with a particular focus on measuring the moderating impact of ownership concentration on the CSR-performance relationship. The data is collected from the companies’ annual reports, State Bank of Pakistan database and the Pakistan Stock Exchange for the period 2014-2020. The fixed effect regression model is used to measure the impact of CSR on firm financial performance. The results of the study revealed that CSR has a significant negative impact on firm financial performance. Furthermore, ownership concentration also negatively moderates the relationship between CSR and firm financial performance.

Author Biographies

Mahnoor Arif, University of Haripur

Department of Management Sciences

Zia ur Rehman, University of Haripur

Assistant Professor, Department of Management Sciences

Asad Khan, University of Haripur

Lecturer, Department of Management Sciences

Asim Rahman, Abbottabad University of Science and Technology

Assistant Professor, Department of Management Sciences

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Published

02.01.2024

Issue

Vol. 9 No. 2 (2023): Sarhad Journal of Management Sciences (SJMS)

Section

Articles

License

Copyright (c) 2023 Mahnoor Arif, Zia ur Rehman, Asad Khan, Asim Rahman

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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