Moderating role of financial ratios in corporate social responsibility disclosure and firm value.
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...
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doaj-6fc919fec9c844cfb20332240a8910332021-03-03T20:43:54ZengPublic Library of Science (PLoS)PLoS ONE1932-62032019-01-01144e021543010.1371/journal.pone.0215430Moderating role of financial ratios in corporate social responsibility disclosure and firm value.Muhammad Akram NaseemJun LinRamiz Ur RehmanMuhammad Ishfaq AhmadRizwan AliThis 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.https://doi.org/10.1371/journal.pone.0215430 |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Muhammad Akram Naseem Jun Lin Ramiz Ur Rehman Muhammad Ishfaq Ahmad Rizwan Ali |
spellingShingle |
Muhammad Akram Naseem Jun Lin Ramiz Ur Rehman Muhammad Ishfaq Ahmad Rizwan Ali Moderating role of financial ratios in corporate social responsibility disclosure and firm value. PLoS ONE |
author_facet |
Muhammad Akram Naseem Jun Lin Ramiz Ur Rehman Muhammad Ishfaq Ahmad Rizwan Ali |
author_sort |
Muhammad Akram Naseem |
title |
Moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
title_short |
Moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
title_full |
Moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
title_fullStr |
Moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
title_full_unstemmed |
Moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
title_sort |
moderating role of financial ratios in corporate social responsibility disclosure and firm value. |
publisher |
Public Library of Science (PLoS) |
series |
PLoS ONE |
issn |
1932-6203 |
publishDate |
2019-01-01 |
description |
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. |
url |
https://doi.org/10.1371/journal.pone.0215430 |
work_keys_str_mv |
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