Corporate sustainability practices and financial performance: The moderating role of corporate controversies and Shariah screening

Siew Peng Lee and Mansor Isa

Corporate Social Responsibility and Environmental Management, 2024, vol. 31, issue 4, 3651-3667

Abstract: This study examines the effects of corporate sustainability practices (CSP) on corporate financial performance (CFP). The study also examines the moderating role of corporate controversies and shariah compliance on the CSP‐CFP relationship. The results support the positive relationship between CSP and CFP. The study also finds that corporate controversies have a negative impact on financial performance and a negative moderating role on the CSP‐CFP relationship. This study also finds that Shariah compliance has a positive moderating role but loses its power when interacting with corporate controversies in influencing the impact of the CSP‐CFP relationship. An important implication of this study is that firms affected by controversy must find ways to mitigate the negative impact.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/csr.2763

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:corsem:v:31:y:2024:i:4:p:3651-3667

Access Statistics for this article

More articles in Corporate Social Responsibility and Environmental Management from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().