The impact of corporate social responsibility on financial performance: Evidence from Insurance firms

The field of Corporate Social Responsibility (CSR) has been growing very exponentially over the past decade. There are continuous opposing views of the role of the firms in society and disagree-ments as to whether wealth maximization should be the sole goal of any corporations out there. With Insurance companies facing and fulfilling in the intense demand of diverse stakeholders, this study explores the impact of CSR disclosures on Financial Performance among the listed domestic-owned companies in Malaysian insurance sector. Although CSR is a hot topic in Malaysia and throughout various industries, no detailed study has been conducted to ascertain whether Malaysian insurance companies derive any benefits therefrom. The study examines the impact of CSR on financial performance using an extensive content analysis method on annual reports from 13 domestic-owned Malaysian insurance companies over the past 9 years (2008-2017). The content analysis data is further transformed into GRI CSR Disclosure Index table before matching the findings against the Financial Performance indicators (return on assets (ROA), return on equities (ROE) and earnings per share (EPS)). The relationship between CSR and ROA, ROE and EPS is tested using correlation analysis. The results indicate significant relationship between CSR disclosure and Financial Performance; designates CSR has significant impact on ROA; whereas relationship between CSR and ROE & EPS is found to be insignificant. The study suggests and indicates that insurance companies in Malaysia ought to carry out efforts continually in a bigger scale so that their CSR activities are more aligned with the reporting regulatory standards as well as to bring a positive impact in the current prospect. In addition, the remedial action proposed by Bursa Malaysia from year 2016 is expected to improve the findings of this study and bring a tremendous improvement to the exiting regulatory guidelines

Bibliometric analysis of Corporate Social Responsibility (CSR) on risk management using scopus database

The field of Corporate Social Responsibility (CSR) has been developing exponentially over the past decade. There are endless contradictory views of the role of CSR in society and discrepancies as to whether the various level of risk management should be interrelated with it. This article intended to discuss the topics of interest and broadening collaboration networks about CSR on Risk Management. It is also purposed to evaluate global research trend in this topic based on publication outputs, co-authorships among other authors and affiliated countries. Using the Scopus database, 181 journal articles from the year 2000-2018 were analyzed with the assistance of the VOS viewer. Results indicate that the trend of this topic been substantially increasing among the first world countries with an overall contribution of 60% of total publications. Among the contributing institutions, 3 of it ranked in the top 200 worldwide—this study aimed at providing practical knowledge on conducting similar bibliometric analysis on the various database

Pre- and post-pandemic corporate social responsibility (CSR) and organisational risk management practices

Corporate Social Responsibility (CSR), which has been around for a while in the business world, is frequently seen as a group of efforts meant to improve an organization's reputation by enhancing its public relations techniques. Businesses can gain from globalisation, but it also introduces new risks and sources of instability. There is increased uncertainty in corporate decision-making as firms become more reliant and exposed. Inexperienced players have emerged because of this interconnection, necessitating innovative risk management techniques. This study examines the association between CSR and organisational risk management practises in Malaysia's publicly traded corporations before and after the epidemic. The 91 Malaysian listed PLCs' annual and sustainability reports from 2004 to 2021 were the subject of an exploratory content analysis for this study. From a macro perspective, this study's findings suggest that the COVID-19 pandemic has increased Malaysian companies' concern about actively engaging in CSR and organisational risk management practises. This paper demonstrates CSR practises and organisational risk management practises in Malaysia to show an increasing trend in comparisons between pre- and post-pandemic situations, which may suggest manifesting towards better CSR performance to lever any foreseen or unforeseen organisational risk signals

Unearthing the context of corporate social responsibility, sustainable development and climate change: towards future research direction

Although the social and environmental effects of global business are not fresh, there have been increased concerns in recent years as a result of urgent global issues such as climate change and deprivation. In terms of their regional reach and operations, multinational corporations are perceived as having a particular role, since they address a variety of concerns, stakeholders and societal structures, in both home and host countries. They are regarded continuously as having the capacity to be not only part of the issue but also potentially part of the remedy and have been illustrated in their research interests in corporate social responsibility (CSR) and global business' sustainable development implications. However, there was no formal research and inclusion in the literature. This paper discusses how these topics have been explored in IB work and describe specific knowledge differences and solutions. It often introduces recent experiments that yield insightful findings that lead to exciting areas for more study