Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies
<p dir="ltr">This research paper focuses on the growing importance of corporate social responsibility (CSR) in the business world, particularly in the Gulf Cooperation Council (GCC) region. The main aim is to bridge the gap by assessing the impact of CSR and corporate governance on f...
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2023
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| _version_ | 1864513533229662208 |
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| author | Omnia Ahmed (22563962) |
| author2 | Bashar Abukhalaf (21488780) Antoine B. Awad (21591401) |
| author2_role | author author |
| author_facet | Omnia Ahmed (22563962) Bashar Abukhalaf (21488780) Antoine B. Awad (21591401) |
| author_role | author |
| dc.creator.none.fl_str_mv | Omnia Ahmed (22563962) Bashar Abukhalaf (21488780) Antoine B. Awad (21591401) |
| dc.date.none.fl_str_mv | 2023-12-15T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.22495/cgobrv7i4sip15 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Impact_of_corporate_social_responsibility_and_corporate_governance_on_the_performance_of_nonfinancial_companies/30256723 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Econometrics CSR Corporate Governance Performance Leverage Size of the Company Panel Regression |
| dc.title.none.fl_str_mv | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This research paper focuses on the growing importance of corporate social responsibility (CSR) in the business world, particularly in the Gulf Cooperation Council (GCC) region. The main aim is to bridge the gap by assessing the impact of CSR and corporate governance on financial performance. Ultimately, this paper emphasizes the strategic importance of CSR for improving financial performance and promoting trustworthiness and public image. This paper applied the ordinary least squares (OLS) and panel regressions (fixed and random) to investigate the impact of CSR, board size, independent directors, company size, and leverage as independent variables on the financial performance as the dependent variable (return on assets — ROA). The data were collected from Refinitiv Eikon platform for 210 listed nonfinancial companies for the last ten years (2013–2022). The results suggested that the higher the company’s involvement in CSR, the more the number of board members and the more independent directors the higher the performance. In addition, the higher the leverage in the GCC the less is the profitability of firms. Finally, the larger the company the better is the performance. Such results imply that more board of directors should be hired and increase compliance with the CSR principles to achieve better performance.</p><h2>Other Information</h2><p dir="ltr">Published in: Corporate Governance and Organizational Behavior Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.22495/cgobrv7i4sip15" target="_blank">https://dx.doi.org/10.22495/cgobrv7i4sip15</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_ac9db0181e69ef2f01dd28ab4c35d3e2 |
| identifier_str_mv | 10.22495/cgobrv7i4sip15 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30256723 |
| publishDate | 2023 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companiesOmnia Ahmed (22563962)Bashar Abukhalaf (21488780)Antoine B. Awad (21591401)Commerce, management, tourism and servicesBanking, finance and investmentStrategy, management and organisational behaviourEconomicsApplied economicsEconometricsCSRCorporate GovernancePerformanceLeverageSize of the CompanyPanel Regression<p dir="ltr">This research paper focuses on the growing importance of corporate social responsibility (CSR) in the business world, particularly in the Gulf Cooperation Council (GCC) region. The main aim is to bridge the gap by assessing the impact of CSR and corporate governance on financial performance. Ultimately, this paper emphasizes the strategic importance of CSR for improving financial performance and promoting trustworthiness and public image. This paper applied the ordinary least squares (OLS) and panel regressions (fixed and random) to investigate the impact of CSR, board size, independent directors, company size, and leverage as independent variables on the financial performance as the dependent variable (return on assets — ROA). The data were collected from Refinitiv Eikon platform for 210 listed nonfinancial companies for the last ten years (2013–2022). The results suggested that the higher the company’s involvement in CSR, the more the number of board members and the more independent directors the higher the performance. In addition, the higher the leverage in the GCC the less is the profitability of firms. Finally, the larger the company the better is the performance. Such results imply that more board of directors should be hired and increase compliance with the CSR principles to achieve better performance.</p><h2>Other Information</h2><p dir="ltr">Published in: Corporate Governance and Organizational Behavior Review<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.22495/cgobrv7i4sip15" target="_blank">https://dx.doi.org/10.22495/cgobrv7i4sip15</a></p>2023-12-15T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.22495/cgobrv7i4sip15https://figshare.com/articles/journal_contribution/Impact_of_corporate_social_responsibility_and_corporate_governance_on_the_performance_of_nonfinancial_companies/30256723CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/302567232023-12-15T03:00:00Z |
| spellingShingle | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies Omnia Ahmed (22563962) Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Econometrics CSR Corporate Governance Performance Leverage Size of the Company Panel Regression |
| status_str | publishedVersion |
| title | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| title_full | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| title_fullStr | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| title_full_unstemmed | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| title_short | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| title_sort | Impact of corporate social responsibility and corporate governance on the performance of nonfinancial companies |
| topic | Commerce, management, tourism and services Banking, finance and investment Strategy, management and organisational behaviour Economics Applied economics Econometrics CSR Corporate Governance Performance Leverage Size of the Company Panel Regression |