The impact of corporate social responsibility disclosure on financial performance : evidence from the GCC Islamic Banking Sector

Platonova, Elena, Asutay, Mehmet, Dixon, Rob and Mohammad, Sabri ORCID: 0000-0002-3134-686X (2018) The impact of corporate social responsibility disclosure on financial performance : evidence from the GCC Islamic Banking Sector. Journal of Business Ethics, 151 (2). pp. 451-471. ISSN 0167-4544

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Official URL: http://link.springer.com/journal/10551

Abstract

This paper examines the relationship between corporate social responsibility (CSR) and financial performance for Islamic banks in the Gulf Cooperation Council (GCC) region over the period 2000–2014 by generating CSR related data through disclosure analysis of the annual reports of the sampled banks. The findings of this study indicate that there is a significant positive relationship between CSR disclosure and the financial performance of Islamic banks in the GCC countries. The results also show a positive relationship between CSR disclosure and the future financial performance of GCC Islamic banks, potentially indicating that current CSR activities carried out by Islamic banks in the GCC could have a long-term impact on their financial performance. Furthermore, despite demonstrating a significant positive relationship between the composite measure of the CSR disclosure index and financial performance, the findings show no statistically significant relationship between the individual dimensions of the CSR disclosure index and the current financial performance measure except for ‘mission and vision’ and ‘products and services’. Similarly, the empirical results detect a positive significant association only between ‘mission and vision’ dimension and future financial performance of the examined banks.

Item Type: Article
Additional Information: This article is published in the Journal of Business Ethics, 2016,© 2016 Springer International Publishing. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/)
Uncontrolled Keywords: CSR disclosure, financial performance, Islamic banks in the GCC
Divisions: Institute of Management > Bolton Business School
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Depositing User: Tracey Gill
Date Deposited: 06 Oct 2016 17:47
Last Modified: 25 Sep 2018 07:48
Identification Number: 10.1007/s10551-016-3229-0
URI: http://ubir.bolton.ac.uk/id/eprint/943

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