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Moderating role of financial ratios in corporate social responsibility disclosure and firm value.
PLoS One. 2019; 14(4):e0215430.Plos

Abstract

This study investigates the link between corporate social responsibility (CSR) disclosure for multi-stakeholders and financial performance of a firm through accounting-based activities for CSR. A dataset of Chinese non-financial firms listed on the Shanghai Stock Exchange from 2008 to 2012 is taken from the China Stock Market & Accounting Research database. The study compares different financial ratios of CSR disclosure and non-disclosure firms. Moreover, the financial ratios of CSR disclosure firms also compare with the industry averages. The results suggest that the financial of CSR disclosure firms are better than both CSR non-disclosure firms and industry averages. These financial ratios ensure the claim of a firm that they are socially responsible toward multi-stakeholders. Further, the same financial ratios are used as moderator variables between CSR disclosure for multi-stakeholders (independent variable) and firm financial performance (dependent variable). The relationship between CSR disclosure and firm value is moderated by the financial ratios. The moderation effect of financial ratios is rarely used in the literature of CSR disclosure and firm value.

Authors+Show Affiliations

Lahore Business School, The University of Lahore, Lahore, Pakistan.School of Management, Xi'an Jiaotong University, Xi'an, China.Lahore Business School, The University of Lahore, Lahore, Pakistan.Lahore Business School, The University of Lahore, Lahore, Pakistan.Lahore Business School, The University of Lahore, Lahore, Pakistan.

Pub Type(s)

Comparative Study
Journal Article
Research Support, Non-U.S. Gov't

Language

eng

PubMed ID

30998740

Citation

Naseem, Muhammad Akram, et al. "Moderating Role of Financial Ratios in Corporate Social Responsibility Disclosure and Firm Value." PloS One, vol. 14, no. 4, 2019, pp. e0215430.
Naseem MA, Lin J, Rehman RU, et al. Moderating role of financial ratios in corporate social responsibility disclosure and firm value. PLoS ONE. 2019;14(4):e0215430.
Naseem, M. A., Lin, J., Rehman, R. U., Ahmad, M. I., & Ali, R. (2019). Moderating role of financial ratios in corporate social responsibility disclosure and firm value. PloS One, 14(4), e0215430. https://doi.org/10.1371/journal.pone.0215430
Naseem MA, et al. Moderating Role of Financial Ratios in Corporate Social Responsibility Disclosure and Firm Value. PLoS ONE. 2019;14(4):e0215430. PubMed PMID: 30998740.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Moderating role of financial ratios in corporate social responsibility disclosure and firm value. AU - Naseem,Muhammad Akram, AU - Lin,Jun, AU - Rehman,Ramiz Ur, AU - Ahmad,Muhammad Ishfaq, AU - Ali,Rizwan, Y1 - 2019/04/18/ PY - 2018/05/31/received PY - 2019/04/03/accepted PY - 2019/4/19/entrez PY - 2019/4/19/pubmed PY - 2020/1/8/medline SP - e0215430 EP - e0215430 JF - PloS one JO - PLoS ONE VL - 14 IS - 4 N2 - This study investigates the link between corporate social responsibility (CSR) disclosure for multi-stakeholders and financial performance of a firm through accounting-based activities for CSR. A dataset of Chinese non-financial firms listed on the Shanghai Stock Exchange from 2008 to 2012 is taken from the China Stock Market & Accounting Research database. The study compares different financial ratios of CSR disclosure and non-disclosure firms. Moreover, the financial ratios of CSR disclosure firms also compare with the industry averages. The results suggest that the financial of CSR disclosure firms are better than both CSR non-disclosure firms and industry averages. These financial ratios ensure the claim of a firm that they are socially responsible toward multi-stakeholders. Further, the same financial ratios are used as moderator variables between CSR disclosure for multi-stakeholders (independent variable) and firm financial performance (dependent variable). The relationship between CSR disclosure and firm value is moderated by the financial ratios. The moderation effect of financial ratios is rarely used in the literature of CSR disclosure and firm value. SN - 1932-6203 UR - https://www.unboundmedicine.com/medline/citation/30998740/Moderating_role_of_financial_ratios_in_corporate_social_responsibility_disclosure_and_firm_value_ L2 - http://dx.plos.org/10.1371/journal.pone.0215430 DB - PRIME DP - Unbound Medicine ER -
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