IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE FINANCIAL PERFORMANCE OF ISLAMIC BANKS EVIDENCE FROM PAKISTAN

http://dx.doi.org/10.31703/gmsr.2022(VII-I).02      10.31703/gmsr.2022(VII-I).02      Published : Dec 2022
Authored by : Shah Nawaz

02 Pages : 20-34

References

  • Abdul Rahman, A., MdHashim, M. F. A., Abu Bakar, F. 92010). Corporate social reporting: A preliminary study of Bank Islam Malaysia Berhad (BIMB). Issues in Social and Environmental Accounting 4(1), 18-39.
  • Abor, J. (2007). Corporate governance and financing decision of Ghanaian listed firms. Corporate Governance.
  • Ahmad, K. (2000). Islamic finance and banking: Challenges and prospects. Review of Islamic Economics, 9, 57-82.
  • Alsahlawi, R. (2016). CSR Disclosure ofthe Banking Sector in Saudi Arabia.
  • Al-Tuwaijri, S. A., Christensen, T. E., & Hughes Ii, K. E. (2004). The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, organizations and society, 29(5-6), 447-471.
  • Andres, D. P., & Vallelado, E. (2008). Corporate governance in banking: The role of the board of directors. Journal of Banking & Finance 32, 2570-2580.
  • Aribi, Z. A., & GAO, S. S., (2012). Narrative disclosure of corporate social responsibility in Islamic financialinstitutions. Managerial Auditing Journal 27(2), 199-222
  • Arli, D. I., & Lasmono, H. K. (2010). Consumers’ perception of corporate social responsibility in a developing country. International Journal of Consumer Studies, 34(1), 46–51.
  • Ashraf, M., Khan. B., & Tariq. R., (2017). Corporate social responsibility impact on financial performance of bank’s: Evidence from Asian countries. International Journal of Academic Research in Business and Social Sciences 7(4), 2-11
  • Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of management Journal, 28(2), 446-463.
  • Belal, A. R., Abdelsalam, O., & Nizamee, S. (2014). Ethical reporting in Islami BankBangladesh Limited (1983-2010). Journal of Business Ethics (forthcoming)
  • Bowman, E. H., & Haire, M. (1975). A strategic posture toward corporate social responsibility. California management review, 18(2), 49-58.
  • Bowman, E. H. (1978). Strategy, annual reports, and alchemy. California management review, 20(3), 64-71.
  • Brammer, S., Brooks, C., & Pavelin, S. (2006). Corporate social performance and stock returns: UK evidence from disaggregate measures. Financial management, 35(3), 97- 116.
  • Branco, M. C., & Rodrigues, L. L. (2008). Factors influencing social responsibility disclosure by Portuguese companies. Journal of business Ethics, 83(4), 685-701.
  • Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business horizons, 34(4), 39-48.
  • Chintaman, S. A. (2014). A comparative study of CSR practices of Islamic banks and conventional banks in GCC region. Journal of Islamic Banking and Finance, 2(1), 1-21.
  • Cochran, P. L., & Wood, R. A. (1984).Corporate social responsibility and financial performance. Academy of management Journal, 27(1), 42-56.
  • Chong, B. S., Liu, M. H. (2009). Islamic banking: Interest-free or interest based? Pacific-Basin FinanceJournal 17, 125-144.
  • Dar, H. A., Presley, J. R. (2000). Lack of profit loss sharing in Islamic banking: Management and controlimbalances. International Journal of Islamic Financial Services 2(2), 3-18.
  • Douglas, A., Doris, J., & Johnson, B. (2004).Corporate social reporting in Irish financial institutions. The TQM Magazine, 16(6), 387-395.
  • El-Gamal, M. A. (2006). Islamic Finance: Law, Economics and Practice, Cambridge: Cambridge
  • Farook, S. (2008). Social responsibility for Islamic financial institutions: Laying downa framework.Journal of Islamic Economics, Banking and Finance 4(1), 61-82.
  • Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, 122–126.
  • Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic banks via communication inannual reports. Journal of Business Ethics 76, 97-116.
  • Giannarakis, G. (2014). The determinants influencing the extent of CSR disclosure. International Journal of Law and Management, 56(5), 393-416
  • Gamerschlag, R., Möller, K., &Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5(2- 3), 233-262.
  • 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.
  • Hassan, A., & Harahap, S. S., (2010). Exploring corporate social responsibility disclosure: the case of Islamicbanks.International Journal of Islamic and Middle Eastern Finance and Management 3(3), 203-227
  • Hossain, k., & Khan, R., (2016). Corporate Social Responsibility (CSR) in Banking Sector: AnEmpirical Study on the Hong Kong and Shanghai BankingCorporation (HSBC) Limited. IOSR Journal of Business and Management (IOSR-JBM).Volume 18(4), 12- 45.
  • Iqbal, N., Ahmad, N., & Kanwal, M. (2013).Impact of corporate social responsibility on profitability of Islamic and conventional financial institutions. Applied mathematics in Engineering, Management and Technology, 1(2), 26-37.
  • Kamrujjaman, M., & Obaidullah, M. (2016). Poverty eradication through the corporate social responsibility (CSR) initiatives: A case study on two selected banks inBangladesh. IJAR, 2(9), 43-50.
  • Kotler, P., & Lee, N. (2005). Corporate Social Responsibility: Doing the Most Good For Your Company and Your Cause. Wiley.Com.
  • Lessnoff, M., Barry, B., Kukathas, C., Pettit, P., & Kymlicka, W. (1992). Social contract theory.
  • Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus 42(2), 266-289.
  • Malik, M. S., & Nadeem, M. (2014). Impact of corporate social responsibility on the financial performance of banks in Pakistan. International Letters of Social and Humanistic Sciences, 10(1), 9-19.
  • Mallin, C. A., & Michelon, G. (2011). Board reputation attributes and corporate social performance: An empirical investigation of the US Best Corporate Citizens. Accounting and Business Research, 41(2), 119-144.
  • Sharma, N. (2011). CSR practices and CSR reporting in Indian banking sector. International journal of advanced economics and business management, 1(2), 58- 66.
  • Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351-366.
  • Waddock, S. A., & Graves, S. B. (1997).The corporate social performance–financial performance link. Strategic management journal, 18(4), 303-319.
  • Wanless, D. (1995). Banking and the Environment. Chartered Institute of Bankers.
  • Wise, V., & Ali M. M. (2009). “Corporate Governance and Corporate Social Responsibility in Bangladesh with Special Reference to Commercial Banks” AIUB BUS Econ Working Paper Series No 2009.05,
  • Yamak, S., & Süer, Ö. (2005). State as a stakeholder. Corporate Governance. The international journal of business in society, 5(2), 111-120.
  • Abdul Rahman, A., MdHashim, M. F. A., Abu Bakar, F. 92010). Corporate social reporting: A preliminary study of Bank Islam Malaysia Berhad (BIMB). Issues in Social and Environmental Accounting 4(1), 18-39.
  • Abor, J. (2007). Corporate governance and financing decision of Ghanaian listed firms. Corporate Governance.
  • Ahmad, K. (2000). Islamic finance and banking: Challenges and prospects. Review of Islamic Economics, 9, 57-82.
  • Alsahlawi, R. (2016). CSR Disclosure ofthe Banking Sector in Saudi Arabia.
  • Al-Tuwaijri, S. A., Christensen, T. E., & Hughes Ii, K. E. (2004). The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach. Accounting, organizations and society, 29(5-6), 447-471.
  • Andres, D. P., & Vallelado, E. (2008). Corporate governance in banking: The role of the board of directors. Journal of Banking & Finance 32, 2570-2580.
  • Aribi, Z. A., & GAO, S. S., (2012). Narrative disclosure of corporate social responsibility in Islamic financialinstitutions. Managerial Auditing Journal 27(2), 199-222
  • Arli, D. I., & Lasmono, H. K. (2010). Consumers’ perception of corporate social responsibility in a developing country. International Journal of Consumer Studies, 34(1), 46–51.
  • Ashraf, M., Khan. B., & Tariq. R., (2017). Corporate social responsibility impact on financial performance of bank’s: Evidence from Asian countries. International Journal of Academic Research in Business and Social Sciences 7(4), 2-11
  • Aupperle, K. E., Carroll, A. B., & Hatfield, J. D. (1985). An empirical examination of the relationship between corporate social responsibility and profitability. Academy of management Journal, 28(2), 446-463.
  • Belal, A. R., Abdelsalam, O., & Nizamee, S. (2014). Ethical reporting in Islami BankBangladesh Limited (1983-2010). Journal of Business Ethics (forthcoming)
  • Bowman, E. H., & Haire, M. (1975). A strategic posture toward corporate social responsibility. California management review, 18(2), 49-58.
  • Bowman, E. H. (1978). Strategy, annual reports, and alchemy. California management review, 20(3), 64-71.
  • Brammer, S., Brooks, C., & Pavelin, S. (2006). Corporate social performance and stock returns: UK evidence from disaggregate measures. Financial management, 35(3), 97- 116.
  • Branco, M. C., & Rodrigues, L. L. (2008). Factors influencing social responsibility disclosure by Portuguese companies. Journal of business Ethics, 83(4), 685-701.
  • Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business horizons, 34(4), 39-48.
  • Chintaman, S. A. (2014). A comparative study of CSR practices of Islamic banks and conventional banks in GCC region. Journal of Islamic Banking and Finance, 2(1), 1-21.
  • Cochran, P. L., & Wood, R. A. (1984).Corporate social responsibility and financial performance. Academy of management Journal, 27(1), 42-56.
  • Chong, B. S., Liu, M. H. (2009). Islamic banking: Interest-free or interest based? Pacific-Basin FinanceJournal 17, 125-144.
  • Dar, H. A., Presley, J. R. (2000). Lack of profit loss sharing in Islamic banking: Management and controlimbalances. International Journal of Islamic Financial Services 2(2), 3-18.
  • Douglas, A., Doris, J., & Johnson, B. (2004).Corporate social reporting in Irish financial institutions. The TQM Magazine, 16(6), 387-395.
  • El-Gamal, M. A. (2006). Islamic Finance: Law, Economics and Practice, Cambridge: Cambridge
  • Farook, S. (2008). Social responsibility for Islamic financial institutions: Laying downa framework.Journal of Islamic Economics, Banking and Finance 4(1), 61-82.
  • Friedman, M. (1970). The social responsibility of business is to increase its profits. New York Times Magazine, 122–126.
  • Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic banks via communication inannual reports. Journal of Business Ethics 76, 97-116.
  • Giannarakis, G. (2014). The determinants influencing the extent of CSR disclosure. International Journal of Law and Management, 56(5), 393-416
  • Gamerschlag, R., Möller, K., &Verbeeten, F. (2011). Determinants of voluntary CSR disclosure: empirical evidence from Germany. Review of Managerial Science, 5(2- 3), 233-262.
  • 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.
  • Hassan, A., & Harahap, S. S., (2010). Exploring corporate social responsibility disclosure: the case of Islamicbanks.International Journal of Islamic and Middle Eastern Finance and Management 3(3), 203-227
  • Hossain, k., & Khan, R., (2016). Corporate Social Responsibility (CSR) in Banking Sector: AnEmpirical Study on the Hong Kong and Shanghai BankingCorporation (HSBC) Limited. IOSR Journal of Business and Management (IOSR-JBM).Volume 18(4), 12- 45.
  • Iqbal, N., Ahmad, N., & Kanwal, M. (2013).Impact of corporate social responsibility on profitability of Islamic and conventional financial institutions. Applied mathematics in Engineering, Management and Technology, 1(2), 26-37.
  • Kamrujjaman, M., & Obaidullah, M. (2016). Poverty eradication through the corporate social responsibility (CSR) initiatives: A case study on two selected banks inBangladesh. IJAR, 2(9), 43-50.
  • Kotler, P., & Lee, N. (2005). Corporate Social Responsibility: Doing the Most Good For Your Company and Your Cause. Wiley.Com.
  • Lessnoff, M., Barry, B., Kukathas, C., Pettit, P., & Kymlicka, W. (1992). Social contract theory.
  • Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus 42(2), 266-289.
  • Malik, M. S., & Nadeem, M. (2014). Impact of corporate social responsibility on the financial performance of banks in Pakistan. International Letters of Social and Humanistic Sciences, 10(1), 9-19.
  • Mallin, C. A., & Michelon, G. (2011). Board reputation attributes and corporate social performance: An empirical investigation of the US Best Corporate Citizens. Accounting and Business Research, 41(2), 119-144.
  • Sharma, N. (2011). CSR practices and CSR reporting in Indian banking sector. International journal of advanced economics and business management, 1(2), 58- 66.
  • Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351-366.
  • Waddock, S. A., & Graves, S. B. (1997).The corporate social performance–financial performance link. Strategic management journal, 18(4), 303-319.
  • Wanless, D. (1995). Banking and the Environment. Chartered Institute of Bankers.
  • Wise, V., & Ali M. M. (2009). “Corporate Governance and Corporate Social Responsibility in Bangladesh with Special Reference to Commercial Banks” AIUB BUS Econ Working Paper Series No 2009.05,
  • Yamak, S., & Süer, Ö. (2005). State as a stakeholder. Corporate Governance. The international journal of business in society, 5(2), 111-120.

Cite this article

    APA : Nawaz, S. (2022). Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan. Global Management Sciences Review, VII(I), 20-34. https://doi.org/10.31703/gmsr.2022(VII-I).02
    CHICAGO : Nawaz, Shah. 2022. "Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan." Global Management Sciences Review, VII (I): 20-34 doi: 10.31703/gmsr.2022(VII-I).02
    HARVARD : NAWAZ, S. 2022. Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan. Global Management Sciences Review, VII, 20-34.
    MHRA : Nawaz, Shah. 2022. "Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan." Global Management Sciences Review, VII: 20-34
    MLA : Nawaz, Shah. "Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan." Global Management Sciences Review, VII.I (2022): 20-34 Print.
    OXFORD : Nawaz, Shah (2022), "Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan", Global Management Sciences Review, VII (I), 20-34
    TURABIAN : Nawaz, Shah. "Impact of Corporate Social Responsibility on the Financial Performance of Islamic Banks: Evidence from Pakistan." Global Management Sciences Review VII, no. I (2022): 20-34. https://doi.org/10.31703/gmsr.2022(VII-I).02