THE EFFECT OF EMPLOYEE FINANCING DIVERSITY AND CORPORATE SOCIAL RESPONSIBILITY ON SUSTAINABLE FIRM PERFORMANCE

Abdul Raheem, Zahra Karim Sikapuria, Muhammad Waqas Nazir, Shahzadi Humbhi, Kashif Lodhi and Zuhaib Nishtar
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Abdul Raheem: Department of Disaster Management and Development Studies, University of Balochistan, Quetta, Pakistan
Zahra Karim Sikapuria: Senior Nursing Instructor, School of Nursing, SIMS-SIUT, Karachi, Pakistan
Muhammad Waqas Nazir: School of Management and Economics, Xidian University, China
Shahzadi Humbhi: Lecturer, Department of Library and Information Science, University of Balochistan, Quetta, Pakistan
Kashif Lodhi: Department of Management, Economics and Quantitative Methods, Università degli Studi di Bergamo via dei Caniana 2, 24127 Bergamo (BG), Italy
Zuhaib Nishtar: Department of electrical engineering and New energy, China Three Gorges University, China

Bulletin of Business and Economics (BBE), 2023, vol. 12, issue 2, 372-380

Abstract: This study delves into the intricate dynamics between Employee Financing Diversity (EFD), Corporate Social Responsibility (CSR), and Sustainable Firm Performance (SFR) within the contemporary corporate landscape. Employing a quantitative methodology involving a sample of 200 participants, this research uncovers pivotal insights into the reciprocal influence of these variables and their profound impact on organizational trajectories. The findings illuminate robust, positive associations between EFD and both CSR and SFR. EFD emerges as a driving force behind the augmentation of Corporate Social Responsibility initiatives, which, in turn, exert a potent influence on Sustainable Firm Performance. These outcomes underscore the imperative for organizations to not only concentrate on conventional diversity benchmarks but also to consider financial diversity when designing their workforce structures. Furthermore, the study underscores the paramount role of Corporate Social Responsibility in catalyzing advancements in Sustainable Firm Performance. It accentuates the significance of ethical business conduct, environmental stewardship, community engagement, and stakeholder accountability. Businesses that prioritize the synergistic cultivation of Employee Financing Diversity and CSR are strategically positioned to secure a competitive edge, attracting a diverse customer base, socially conscious investors, and a highly skilled workforce. The implications of this research extend to policymakers, highlighting the necessity of fostering responsible corporate behaviors and financial inclusivity. The study also beckons further investigation into the underlying mechanisms governing these intricate relationships. Acknowledging its limitations, this study encourages subsequent research endeavors to explore causal pathways and mediating factors. In conclusion, this study fortifies the proposition that socially responsible and diversified corporate practices are pivotal in shaping a more sustainable and equitable future for both businesses and society.

Keywords: Employee Financing Diversity; orporate Social Responsibility; Sustainable Firm Performance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:12:y:2023:i:2:p:372-380

DOI: 10.61506/01.00010

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