CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS PERFORMANCE: EVIDENCE FROM MALAYSIA OIL AND GAS COMPANIES
Keywords:corporate social responsibility, ROA, ROE, EBITDA
This work aims to explore the relationship between Corporate Social Responsibility (CSR) and financial performance in the energy sector for publicly traded companies. Due to their size, environmental implications, and the operational risks associated with energy production, the energy sector has a unique role to play with worldwide CSR efforts. Earlier research on the relationship between CSR engagement and financial performance has been conducted in various contexts. However, the results of these investigations have been mixed, with some positive CSR-performance relationships, while in other studies, research is either non-existent or marginal. The question of research for this research thus addresses a considerable gap in understanding this topic in the contextualization of the energy sector through an analysis of the relationship between CSR and firm performance. A series of three financial parameters – asset return, equity return, and EBITDA – were the dependent variable. In this study, the population who are presently working in a company of the energy sector in Malaysia examines the sampling methodology. There is a total of 30 listed companies, which were in the "Energy" sector, based on Bursa Malaysia's official websites. For the subsection, two categories are included, namely: (1) Energy, Equipment, and Gas, and (2) Oil & Gas. The random selection will include two companies from each subcategory from the complete list. In detail, 100 respondents from each company will be selected randomly for the study.
Blomé, G. (2012). Corporate social responsibility in housing management: is it profitable?. Property Management.
Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. Academy of management review, 4(4), 497-505.
Cheffins, B. R. (2020). Stop Blaming Milton Friedman!. University of Cambridge Faculty of Law Research Paper Forthcoming.
Colombo, V. (2020). HRM SUSTAINABLE POLICIES AND CSR: A study of the influence on employees and customers.
Freeman, R. E. (2010).Managingforstakeholders: Trade-offs or value creation.Journal of Business Ethics, 96,
Griffin, J. J., & Mahon, J. F. (1997). The corporate social performance and corporate financial performance debate: Twenty-five years of incomparable research. Business Society, 36(1), 5–31.
Hawn, O.,&Ioannou,I.(2016). Mind thegap: Theinterplaybetween external and internal actions in the caseof corporate social responsibility.Strategic ManagementJournal, 37(13), 2569-2588.
Jha, A., & Cox, J. (2015). Corporate social responsibility and social capital. Journal of Banking & Finance, 60, 252-270.
Laplume, A. O., Sonpar, K., & Litz, R. A. (2008). Stakeholder Theory: Reviewing a theory that moves us. Journal of Management, 34(6), 1152-1189.
Lech, A. (2013). Corporate social responsibility and financial performance. Theoretical and empirical aspects. Comparative economic research, 16(3), 49-62.
Lee, J., & Lee, Y. (2015). The interactions of CSR, self-congruity, and purchase intention among Chinese consumers. Australasian Marketing Journal (AMJ), 23(1), 19-26.
Lee, K. H., & Shin, D. (2010). Consumers’ responses to CSR activities: The linkage between increased awareness and purchase intention. Public Relations Review, 36(2), 193-195.
Mishra, S., & Suar, D. (2010). Does corporate social responsibility influence the firm performance of Indian companies?. Journal of business ethics, 95(4), 571-601.
Roman, R.M., Hayibor, S., and Agle, B.R. (1999). ”The Relationship Between Social and Financial Performance: Repainting a Portrait." Business and Society, 38(1):109-125.
Virtanen, A. (2020). Corporate social responsibility reporting in the European apparel industry: the challenge of pursuing greater accountability and transparency.
Yusoff, I.Y. & Yee, L.S. (2014). Corporate social responsibility reporting by the top 100 public listed companies in Malaysia. Paper presented at the 29th International Business Research Conference, Novotel Hotel Sydney Central, and Sydney, Australia. ISBN: 978-1-922069-64-1.
Zainal, D., Zulkifli, N. & Saleh, Z. (2013). Corporate social responsibility reporting in Malaysia: A comparison between shariah and non-shariah approved firms. Middle-East. Journal of Scientific Research, 15(7), 1035-1046.