Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia
The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP), as well as institutional ownership (IO) in the Malaysian Public Listed Companies (PLCs). Panel data analysis involving 200 companies listed on Bursa Malay...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Malaya
2010-12-01
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| Series: | Asian Journal of Accounting Perspectives |
| Subjects: | |
| Online Access: | https://ajap.um.edu.my/article/view/3639 |
| _version_ | 1818884736733413376 |
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| author | Mustaruddin Saleh Rusnah Muhamad Norhayah Zulkifli |
| author_facet | Mustaruddin Saleh Rusnah Muhamad Norhayah Zulkifli |
| author_sort | Mustaruddin Saleh |
| collection | DOAJ |
| description | The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP), as well as institutional ownership (IO) in the Malaysian Public Listed Companies (PLCs). Panel data analysis involving 200 companies listed on Bursa Malaysia during the period of 1999 to 2005 was conducted. The results reveal that CSR and all its dimensions are significantly positively related to CFP. It was also found that CSR and only two of its dimensions, namely, employee relations and product dimension are significant positively related to IO. The empirical findings of this study pave the way for embarking on promising and relevant future research, which is needed to substantiate and enrich the academic understanding and managerial practice of the relationship between CSR and CFP as well as IO, particularly in an emerging market such as Malaysia. |
| first_indexed | 2024-12-19T15:54:17Z |
| format | Article |
| id | doaj.art-a9e38d678540426a98f00b1336726d1c |
| institution | Directory Open Access Journal |
| issn | 2672-7293 0128-0384 |
| language | English |
| last_indexed | 2024-12-19T15:54:17Z |
| publishDate | 2010-12-01 |
| publisher | Universiti Malaya |
| record_format | Article |
| series | Asian Journal of Accounting Perspectives |
| spelling | doaj.art-a9e38d678540426a98f00b1336726d1c2022-12-21T20:15:07ZengUniversiti MalayaAsian Journal of Accounting Perspectives2672-72930128-03842010-12-0131113Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from MalaysiaMustaruddin Saleh0Rusnah Muhamad1Norhayah Zulkifli2Tanjungpura University, IndonesiaFaculty of Business and Accountancy, University of Malaya Faculty of Business and Accountancy, University of Malaya The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP), as well as institutional ownership (IO) in the Malaysian Public Listed Companies (PLCs). Panel data analysis involving 200 companies listed on Bursa Malaysia during the period of 1999 to 2005 was conducted. The results reveal that CSR and all its dimensions are significantly positively related to CFP. It was also found that CSR and only two of its dimensions, namely, employee relations and product dimension are significant positively related to IO. The empirical findings of this study pave the way for embarking on promising and relevant future research, which is needed to substantiate and enrich the academic understanding and managerial practice of the relationship between CSR and CFP as well as IO, particularly in an emerging market such as Malaysia.https://ajap.um.edu.my/article/view/3639corporate social responsibilitycorporate financial performanceinstitutional ownershipmalaysia |
| spellingShingle | Mustaruddin Saleh Rusnah Muhamad Norhayah Zulkifli Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia Asian Journal of Accounting Perspectives corporate social responsibility corporate financial performance institutional ownership malaysia |
| title | Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia |
| title_full | Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia |
| title_fullStr | Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia |
| title_full_unstemmed | Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia |
| title_short | Corporate Social Responsibility, Corporate Financial Performance and Institutional Ownership: Evidence from Malaysia |
| title_sort | corporate social responsibility corporate financial performance and institutional ownership evidence from malaysia |
| topic | corporate social responsibility corporate financial performance institutional ownership malaysia |
| url | https://ajap.um.edu.my/article/view/3639 |
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