Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper

Naheem Mahtab

doi:doi:10.11648/j.ijfbr.20150101.12

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Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper

Naheem Mahtab

Published in International Journal of Finance and Banking Research (Volume 1, Issue 1)

Received: 20 September 2015 Accepted: 25 September 2015 Published: 29 September 2015

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Abstract

Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. CSR is all about operating a business in such a manner that accounts for the social and environmental impact created by that business. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The field of corporate social responsibility has grown exponentially in the last decade. More than half of the Fortune 1000 companies issue corporate social responsibility (CSR) reports. A larger number of companies than at any time previous are engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.

Published in	International Journal of Finance and Banking Research (Volume 1, Issue 1)
DOI	10.11648/j.ijfbr.20150101.12
Page(s)	12-18
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Corporate Social Responsibility, Net Profit, Net Profit Margin, Total Assets, ROA, ROE, MNC

References

[1]	Ahamed, Almsafir & -Smadi (2014). “Does Corporate Social Responsibility Lead to Improve in Firm Financial Performance? Evidence from Malaysia”. Graduate Business School, College of Graduate Studies, Tenaga National University, Malaysia.
[2]	Dewi, Sudarma, Djumahir and Ganis S. (2014). CSR Effect on Market and Financial Performance. International Journal of Business and Management Invention. Volume 3PP.56-66.
[3]	Eveline Van de Velde, Wim Vermeir, Filip Corten, (2005)," Corporate social responsibility and financial performance", Corporate Governance: The international journal of business in society, Vol. 5 Iss 3 pp. 129-138.
[4]	Hanna Schramm-Klein Dirk Morschett Bernhard Swoboda, (2015),"Retailer corporate social responsibility", International Journal of Retail & Distribution Management, Vol. 43 Iss 4/5 pp. 403 – 431.
[5]	Hsiang-Hsuan Chih Hsiang-Lin Chih, (2014),"Doing good with or without being known? Media coverage of corporate social performance and its impact on corporate financial performance", Managerial Finance, Vol.40 Iss 9 pp. 883 – 902.
[6]	http://marico.com/bangladesh/investors/documentation.
[7]	http://www.batbangladesh.com/group/sites/BAT_9T5FQ2.nsf/vwPagesWebLive/DO9T5KFL?opendocument.
[8]	http://www.bergerbd.com/corporate_info/reports/Annual_and_Quarterly_Reports.
[9]	http://www.gsk.com.bd/publications/annual-reports.aspx.
[10]	http://www.investopedia.com/terms/c/corp-social-responsibility.asp.
[11]	https://en.wikipedia.org/wiki/Corporate_social_responsibility.
[12]	https://www.rb.com/investors-media/rb-bangladesh.
[13]	Jahangir (2003). Perceptions of Power. Dhaka: Central for Social Studies.
[14]	Kanwal, Khanam, Nasreen and Hameed (2013). “Impact of corporate social responsibility on the firm’s financial performance.” IOSR Journal of Business and Management (IOSR-JBM).e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 14, Issue 5 (Nov. - Dec. 2013), PP 67-7.
[15]	Kiran, Kakakhel and Shaheen (2015). “CORPORATE SOCIAL RESPONSIBILITY AND FIRMPROFITABILITY: A CASE OF OIL AND GAS SECTOR OF PAKISTAN.” City University Research Journal. Volume 05 Number 01 January 2015 Article 09.
[16]	Matthew Tingchi Liu Ipkin Anthony Wong Guicheng Shi Rongwei Chu James L. Brock, (2014),"The impact of corporate social responsibility (CSR) performance and perceived brand quality on customer-based brand preference", Journal of Services Marketing, Vol. 28 Iss 3 pp. 181 – 194.
[17]	Mujahid & Abdullah (2014). “Impact of Corporate Social Responsibility on Firms Financial Performance and Shareholders wealth.” European Journal of Business and Management Vol.6, No.31, 2014.
[18]	Wuncharoen (2013). “The Relationship between Corporate Social Responsibility and Firm Performance from the Hotel Industry of Kho Samui Island, Thailand.” Proceedings of 3rd Global Accounting, Finance and Economics Conference 5 - 7 May, 2013, Rydges Melbourne, Australia, ISBN: 978-1-922069-23-8.

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APA Style

Naheem Mahtab. (2015). Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. International Journal of Finance and Banking Research, 1(1), 12-18. https://doi.org/10.11648/j.ijfbr.20150101.12

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ACS Style

Naheem Mahtab. Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. Int. J. Finance Bank. Res. 2015, 1(1), 12-18. doi: 10.11648/j.ijfbr.20150101.12

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AMA Style

Naheem Mahtab. Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. Int J Finance Bank Res. 2015;1(1):12-18. doi: 10.11648/j.ijfbr.20150101.12

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@article{10.11648/j.ijfbr.20150101.12,
  author = {Naheem Mahtab},
  title = {Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper},
  journal = {International Journal of Finance and Banking Research},
  volume = {1},
  number = {1},
  pages = {12-18},
  doi = {10.11648/j.ijfbr.20150101.12},
  url = {https://doi.org/10.11648/j.ijfbr.20150101.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20150101.12},
  abstract = {Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. CSR is all about operating a business in such a manner that accounts for the social and environmental impact created by that business. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The field of corporate social responsibility has grown exponentially in the last decade. More than half of the Fortune 1000 companies issue corporate social responsibility (CSR) reports. A larger number of companies than at any time previous are engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.},
 year = {2015}
}

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TY  - JOUR
T1  - Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper
AU  - Naheem Mahtab
Y1  - 2015/09/29
PY  - 2015
N1  - https://doi.org/10.11648/j.ijfbr.20150101.12
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JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
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VL  - 1
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Author Information

Naheem Mahtab

School of Business, Independent University, Dhaka, Bangladesh

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APA Style

Naheem Mahtab. (2015). Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. International Journal of Finance and Banking Research, 1(1), 12-18. https://doi.org/10.11648/j.ijfbr.20150101.12

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ACS Style

Naheem Mahtab. Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. Int. J. Finance Bank. Res. 2015, 1(1), 12-18. doi: 10.11648/j.ijfbr.20150101.12

Copy | Download

AMA Style

Naheem Mahtab. Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper. Int J Finance Bank Res. 2015;1(1):12-18. doi: 10.11648/j.ijfbr.20150101.12

Copy | Download

@article{10.11648/j.ijfbr.20150101.12,
  author = {Naheem Mahtab},
  title = {Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper},
  journal = {International Journal of Finance and Banking Research},
  volume = {1},
  number = {1},
  pages = {12-18},
  doi = {10.11648/j.ijfbr.20150101.12},
  url = {https://doi.org/10.11648/j.ijfbr.20150101.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijfbr.20150101.12},
  abstract = {Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. CSR is all about operating a business in such a manner that accounts for the social and environmental impact created by that business. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The field of corporate social responsibility has grown exponentially in the last decade. More than half of the Fortune 1000 companies issue corporate social responsibility (CSR) reports. A larger number of companies than at any time previous are engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.},
 year = {2015}
}

Copy | Download

TY  - JOUR
T1  - Impact of CSR on MNC’s Financial Performance in Bangladesh: A Quantitative Research Paper
AU  - Naheem Mahtab
Y1  - 2015/09/29
PY  - 2015
N1  - https://doi.org/10.11648/j.ijfbr.20150101.12
DO  - 10.11648/j.ijfbr.20150101.12
T2  - International Journal of Finance and Banking Research
JF  - International Journal of Finance and Banking Research
JO  - International Journal of Finance and Banking Research
SP  - 12
EP  - 18
PB  - Science Publishing Group
SN  - 2472-2278
UR  - https://doi.org/10.11648/j.ijfbr.20150101.12
AB  - Corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefit society. CSR is all about operating a business in such a manner that accounts for the social and environmental impact created by that business. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. The field of corporate social responsibility has grown exponentially in the last decade. More than half of the Fortune 1000 companies issue corporate social responsibility (CSR) reports. A larger number of companies than at any time previous are engaged in a serious effort to define and integrate CSR into all aspects of their businesses. An increasing number of shareholders, analysts, regulators, activists, labor unions, employees, community organizations, and news media are asking companies to be accountable for an ever-changing set of CSR issues. There is increasing demand for transparency and growing expectations that corporations measure, report, and continuously improve their social, environmental, and economic performance.
VL  - 1
IS  - 1
ER  -

Copy | Download