The nexus between CSR disclosure, effective tax rate, corruption, and sustainable business performance: evidence from ASEAN countries

Zhihua Lian

Economic Research-Ekonomska Istraživanja, 2022, vol. 35, issue 1, 5357-5378

Abstract: Sustainable business performance is the foremost requirement for the organization and could be affected by many factors that gained the attention of recent studies and regulators. Therefore, the present study is also examining the impact of corporate social responsibilities (CSR) disclosure, the effective rate of tax, and corruption on the sustainable business performance of the ASEAN country's listed firms. The data has been gathered by using the quantitative method and using the secondary source of data collection. The data has been extracted from the financial statement along with CSR disclosure reports of the listed firm of ASEAN countries from 2015 to 2019. This study has executed the fixed effect model (FEM) and generalized method of moments (GMM) to examine the relationships among the variables. The results revealed that CSR disclosure and tax-effective rate, along with control variables such as leverage and firm size, have a positive association with the sustainable business performance of firms in ASEAN countries. The results also exposed that corruption has a negative association with the sustainable business performance of firms in ASEAN countries. These outcomes are suitable for the regulators who want to formulate policies related to CSR and sustainable business performance.

Date: 2022
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DOI: 10.1080/1331677X.2022.2026242

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