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International Journal of Law and Management: Does it pay to be socially responsible? Empirical evidence from the GCC countries
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Abstract
Purpose – This study aims to examine the relationship between corporate social responsibility (CSR) and
the financial performance (profitability and market value) of firms listed in the Gulf Cooperation Council
(GCC) countries’ stock markets.
Design/methodology/approach – The sample of the study consisted of all the listed companies in the
GCC bourses for the period of 2010-2017. CSR was calculated by using the total amount of donations and charity
disclosed in the financial reports. The three performance proxies used as the dependent variables included return
on assets (ROA; profitability), return on equity (ROE; profitability) and Tobin’s Q (market value).
Findings – This study found that the UAE had the highest level of CSR compared to the other GCC
countries. Additionally, the findings showed a negative and significant relationship between CSR and ROA,
and a positive and significant relationship between CSR and Tobin’s Q.
Practical implications – In addition to other reforms, this paper recommends the GCC governments to
impose a CSR framework and SMART platforms in line with the UAE’s initiatives.
Originality/value – This paper offers new contributions to the GCC literature and recommendations to
their firms and governments.
Abdalmuttaleb Musleh Alsartawi - Personal Name
NONE
Text
ENGLISH
EMERALD INSIGHT
2020
ENGLAND
JURNAL ILMU HUKUM
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APA Citation
Abdalmuttaleb Musleh Alsartawi. (2020).International Journal of Law and Management:
Does it pay to be socially
responsible? Empirical evidence
from the GCC countries.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd