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Corporate Social Responsibility and Financial Performance in the Manufacturing Sector in Pakistan: Moderating Role Gender Diversity of Board

Author

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  • Shafqat, Mahnoor
  • Ayub, Huma

Abstract

Purpose: The study examines the impact of corporate social responsibility on financial performance with the moderating role of gender diversity in the context of the manufacturing sector in Pakistan.Design/Methodology/Approach: The study is quantitative by using secondary data from 33 manufacturing firms listed on the Pakistan stock exchange for the time of 2015-to 2020. CSR disclosure index is calculated through the content analysis technique. Traditional and market-based proxies are used to measure financial performance. The study used the Panel data analysis technique by employing the GMM model.&Findings: Results shows that corporate social responsibility positively influences the performance of firms, which implies that engagement in CSR will improve a firm’s performance. Moreover, results reveal that gender diversity strengthens the relationship between corporate social responsibility and financial performance, which suggests that having female board members will benefit the firm to engage in CSR.Implications/Originality/Value: The study is valuable for corporate executives for captivating the initiatives concerning CSR and gender diversity on boards.

Suggested Citation

  • Shafqat, Mahnoor & Ayub, Huma, 2022. "Corporate Social Responsibility and Financial Performance in the Manufacturing Sector in Pakistan: Moderating Role Gender Diversity of Board," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 8(1), pages 189-200, March.
    • Handle: RePEc:src:jafeec:v:8:y:2022:i:1:p:189-200
    DOI: http://doi.org/10.26710/jafee.v8i1.2259
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