Corporate social responsibility, industry concentration, and firm performance: Evidence from emerging Asian economies

被引:12
|
作者
Saeed, Asif [1 ]
Alnori, Faisal [2 ]
Yaqoob, Gohar [3 ]
机构
[1] Mahidol Univ, Mahidol Univ Int Coll, Salaya, Thailand
[2] King Abdulaziz Univ, Fac Econ & Adm, Finance Dept, Jeddah, Saudi Arabia
[3] Natl Univ Comp & Emerging Sci, FSM, Lahore, Pakistan
关键词
Social responsibility; Environment; Firm performance; Emerging market; FINANCIAL PERFORMANCE; CSR DISCLOSURE; GOVERNANCE; DETERMINANTS; IMPACT;
D O I
10.1016/j.ribaf.2022.101864
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Social and environmental performance are two pillars of corporate social responsibility that integrate the desires of firms to enhance their competitive advantages and demonstrate their commitment to society. Based on a sample of eight emerging Asian markets, this study in-vestigates the role of firms' social and environmental performance in their financial performance, and how this may vary under different levels of industry competition. The results show that the social dimension is more effective in increasing firm performance relative to the environmental dimension. Further, the performance of socially oriented firms is more stable in highly compet-itive industries relative to environmentally oriented firms. Overall, this study supports the view that socially responsible firms have a competitive edge over their rivals that leads to higher profitability.
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页数:16
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