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Factors Affecting CSR Disclosure by Takaful Insurance Companies During the Pandemic Crisis

Author

Listed:
  • Sameh Hachicha

    (College of Business, Imam Mohammad Ibn Saud Islamic University, Riyadh P.O. Box 5701, Saudi Arabia)

  • Samah Abu-Alhayja

    (Independent Researcher, Irbid 21141, Jordan)

  • Wael Hemrit

    (College of Business, Imam Mohammad Ibn Saud Islamic University, Riyadh P.O. Box 5701, Saudi Arabia)

Abstract

This study explores the key factors driving corporate social responsibility disclosure (CSR_DISC) by Takaful insurance companies (TKIs) in Saudi Arabia during and after the COVID-19 pandemic. We use content analysis and follow an unweighted scoring method to score the CSR_DISC index. Based on a sample of 26 Saudi-listed TKIs, for the period 2020–2024, we employ Poisson panel and negative binomial panel models to examine the interdependent relationships between CSR_DISCs and a set of corporate governance factors. We find that Saudi TKIs increased their CSR_DISCs in their financial reporting during and after the COVID-19 crisis. These findings confirm that board and firm size have a significant and negative effect on corporate CSR_DISC. However, the number of independent board members and female directors positively affect the extent of CSR_DISCs. Finally, the size of the audit committee and the Shariah supervisory board, frequency of board meetings, and profitability do not affect CSR_DISCs.

Suggested Citation

  • Sameh Hachicha & Samah Abu-Alhayja & Wael Hemrit, 2025. "Factors Affecting CSR Disclosure by Takaful Insurance Companies During the Pandemic Crisis," JRFM, MDPI, vol. 18(5), pages 1-18, May.
    • Handle: RePEc:gam:jjrfmx:v:18:y:2025:i:5:p:266-:d:1656094
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    References listed on IDEAS

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