Impact of Corporate Social Responsibility Disclosure on Financial Performance: Case Study of Listed Pharmaceutical Firms of Pakistan

Muhammad Shoukat Malik () and Lubna Kanwal ()
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Muhammad Shoukat Malik: Baha-ud-Din Zakariya University
Lubna Kanwal: Baha-ud-Din Zakariya University

Journal of Business Ethics, 2018, vol. 150, issue 1, No 5, 69-78

Abstract: Abstract The intention of this paper is to examine the impact of corporate social responsibility disclosure on financial performance in a case study of listed Pharmaceutical firms in Pakistan. For this case study, the panel data of 10 years from 2005 to 2014 are obtained through content analysis of annual reports. Quantitative tools were used to measure variables studied in which index was developed and used scoring methodology. Further, brand equity is introduced as a mediator between CSRD and financial performance. The results of content analysis revealed that GSK Pakistan laboratories involved in greater level of disclosure as compared to other pharmaceutical firms. The average rate of disclosure of listed pharmaceutical firms is increasing annually. Among four themes, the results showed that pharmaceutical firms mostly disclose information regarding community involvement. The results of regression which were significant shows that brand equity act as mediator between the corporate social responsibility disclosure and financial performance.

Keywords: CSRD corporate social responsibility disclosure; Financial performance; Brand equity; ROA; ROE; Market share (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (21)

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DOI: 10.1007/s10551-016-3134-6

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