The impact of corporate social responsibility practices disclosure on financial performance

Muhammad Aldaas Marwan and Suresh Ramakrishnan

International Journal of Business Governance and Ethics, 2026, vol. 20, issue 3/4, 385-406

Abstract: The current research explores the relationship between corporate social responsibility (CSR) practices disclosure and corporate financial performance in the Saudi Financial sector. The sample from the financial sector includes the licenced entities listed in the Saudi stock market exchange, TADAWUL, which are banks and insurance companies. The data is analysed using pooled OLS, fixed effect estimation (FEE) and system generalised method of moment (GMM) estimation. According to the findings, total CSR disclosure has a statistically significant positive link with all accounting and market-based performance indicators (ROA, EPS, MVA, and Tobin's Q). This evidence enriches the understanding of the regulatory authorities regarding how companies deal with social responsibility practices, which is necessary for the formulation of appropriate strategies and legislation. As a consequence of this, the outcomes of the current research will have a substantial impact on empirical development, the implementation of policy, and practical usage.

Keywords: CSR disclosure; CSRD; firm performance; Saudi Arabia; panel data. (search for similar items in EconPapers)
Date: 2026
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