Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies
Abstract The purpose of this study is to examine the impact of corporate social responsibility (CSR) disclosure on the profitability and firm performance of Halal food companies in Malaysia. Applying a quintitative method, the study utilised a dynamic GMM-based statistical technique for analysing th...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Springer
2024-02-01
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| Series: | Discover Sustainability |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s43621-024-00189-3 |
| _version_ | 1827248903200702464 |
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| author | Zaki Ahmad Mohammad Helmi Bin Hidthiir Md Mahfujur Rahman |
| author_facet | Zaki Ahmad Mohammad Helmi Bin Hidthiir Md Mahfujur Rahman |
| author_sort | Zaki Ahmad |
| collection | DOAJ |
| description | Abstract The purpose of this study is to examine the impact of corporate social responsibility (CSR) disclosure on the profitability and firm performance of Halal food companies in Malaysia. Applying a quintitative method, the study utilised a dynamic GMM-based statistical technique for analysing the data from 75 public-listed Halal food companies in Malaysia from 2012 to 2021.The findings highlight a substantial relationship between CSR disclosure and profitability (ROA) as well as firm performance (TBQ) of Halal food companies in Malaysia. The result showed economic, environmental, and social CSR disclosures have a significant effects on ROA and TBQ in dynamic models. The outcome of the study implies that actively engaging in economic, environmental, and social CSR practices provides with a competitive advantage, contributes to long-term viability, and attracts socially conscious investors. It also emphasises the strategic importance of comprehensive CSR strategies for encouraging positive stakeholder relationships, managing diverse aspects of sustainability, and enhancing overall business success, including employee engagement and motivation. |
| first_indexed | 2024-03-07T15:24:07Z |
| format | Article |
| id | doaj.art-af18cf461b464106990d5b2afd19df42 |
| institution | Directory Open Access Journal |
| issn | 2662-9984 |
| language | English |
| last_indexed | 2025-03-21T23:39:08Z |
| publishDate | 2024-02-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj.art-af18cf461b464106990d5b2afd19df422024-05-19T11:05:51ZengSpringerDiscover Sustainability2662-99842024-02-015111510.1007/s43621-024-00189-3Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companiesZaki Ahmad0Mohammad Helmi Bin Hidthiir1Md Mahfujur Rahman2School of Economics, Finance and Banking, Universiti Utara MalaysiaSchool of Economics, Finance and Banking, Universiti Utara MalaysiaInstitute of Halal Management, Islamic Business School, Universiti Utara MalaysiaAbstract The purpose of this study is to examine the impact of corporate social responsibility (CSR) disclosure on the profitability and firm performance of Halal food companies in Malaysia. Applying a quintitative method, the study utilised a dynamic GMM-based statistical technique for analysing the data from 75 public-listed Halal food companies in Malaysia from 2012 to 2021.The findings highlight a substantial relationship between CSR disclosure and profitability (ROA) as well as firm performance (TBQ) of Halal food companies in Malaysia. The result showed economic, environmental, and social CSR disclosures have a significant effects on ROA and TBQ in dynamic models. The outcome of the study implies that actively engaging in economic, environmental, and social CSR practices provides with a competitive advantage, contributes to long-term viability, and attracts socially conscious investors. It also emphasises the strategic importance of comprehensive CSR strategies for encouraging positive stakeholder relationships, managing diverse aspects of sustainability, and enhancing overall business success, including employee engagement and motivation.https://doi.org/10.1007/s43621-024-00189-3EconomicEnvironmentalSocialCSR disclosureProfitabilityFirm performance |
| spellingShingle | Zaki Ahmad Mohammad Helmi Bin Hidthiir Md Mahfujur Rahman Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies Discover Sustainability Economic Environmental Social CSR disclosure Profitability Firm performance |
| title | Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies |
| title_full | Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies |
| title_fullStr | Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies |
| title_full_unstemmed | Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies |
| title_short | Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies |
| title_sort | impact of csr disclosure on profitability and firm performance of malaysian halal food companies |
| topic | Economic Environmental Social CSR disclosure Profitability Firm performance |
| url | https://doi.org/10.1007/s43621-024-00189-3 |
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