Abasyn Journal of Social Sciences. Vol.8 No.2

Impact of Corporate Social Responsibility on Financial Performance: Evidence from Pakistan's Cement Industry

Shahid Jan Kakakhel, Muhammad Ilyas, Javed Iqbal, Mustafa Afeef

1 Associate Professor, Department of Management Sciences, Abdul Wali Khan
2 Lecturer, Department of Management Sciences, Abdul Wali Khan University,
3 Assistant Professor, Department of Economics, Abdul Wali Khan University
4 IQRA National University, Peshawar


 



Abstract
In this research work investigated the impact of corporate social responsibility on financial performance of cement sector listed firms on Karachi Stock Exchange (Pakistan). Sample size of  fifteen companies selected on the basis of availability of data of companies. For data used annual reports during time period of 2008-2014. For analysis purpose used fixed and random effect  models and on the basis of Hausman test fixed model is best for analysis. From the results it is concluded that there is positive and significant relationship between corporate social  responsibility and financial performance. This results support the theoretical relation between corporate social responsibility and financial performance. Hypotheses of positive and significant relationship of corporate social responsibility and financial performance has been supported. This work also support the view of all those researchers whose empirical evidence found positive and significant  relationship between corporate social responsibility and financial performance.
Keywords: Corporate Social Responsibility, Financial Performance, Cement Industry.

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