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  5. Impact of TBL-based CSR disclosure on financial performance in halal food companies: a system GMM analysis
 
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Impact of TBL-based CSR disclosure on financial performance in halal food companies: a system GMM analysis

Journal
Sage Open
ISSN
2158-2440
2158-2440
Date Issued
2025-01
Author(s)
Zaki Ahmad
Universiti Utara Malaysia
Mohammad Helmi Hidthiir
Universiti Utara Malaysia
Md Mahfujur Rahman
Universiti Utara Malaysia
Mohd Zukime Mat Junoh
Universiti Malaysia Perlis
Mohd Faizal Yusof
Rabdan Academy, UAE
DOI
10.1177/21582440241296659
Handle (URI)
https://journals.sagepub.com/doi/10.1177/21582440241296659
https://hdl.handle.net/20.500.14170/15965
Abstract
The goal of this study is to evaluate the relationship between corporate social responsibility disclosure and financial performance (Return on Equity and Tobin’s Q) in Halal food companies. The sample consists of 75 listed Halal food companies on the Bursa Malaysia Stock Exchange for the period between 2012 and 2021. Based on the empirical results using a generalized moment of method (GMM), the dimensions of triple bottom line-based corporate social responsibility—economic, environmental, and social—have a significant effect on return on assets. Furthermore, findings indicate that economic factors have an insignificant effect on Tobin’s Q in static models; however, it is significant in the dynamic model of the system GMM. Whereas environmental factor has a highly significant impact on Tobin’s Q in the static model and it has also significant impact in the GMM’s dynamic model. Nonetheless, social factors have a significant effect on Tobin’s Q in both static and dynamic models. The outcome of the study suggests that policymakers must comprehend the significance of corporate social responsibility disclosure, and it is imperative to determine whether Halal food companies must engage in corporate social responsibility disclosure a priori for short and long-term growth.
Subjects
  • Corporate Social Resp...

  • Financial Performance...

  • Generalized Moment Of...

  • Halal food industry

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Impact of TBL-based CSR disclosure on financial performance in halal food companies a system GMM analysis.pdf (341.95 KB)
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