The Impact of CSR Disclosure on Firms’ Financial Performance: Evidence from the GCC Listed Companies

• In Event: Breakfast with Research Roundtable Forum Session
  In Paper Session: Roundtable 5: Public Interest & Auditing

Abstract

This study empirically examines the association between corporate social responsibility (CSR) disclosure and financial measures, known as value relevance measures, such as return on assets (ROA), return on equity (ROE), Tobin Q, Return on invested capital (ROIC), price to book (PTB), stock prices, and earnings per share (EPS). The study is a longitudinal one based on Gulf Cooperation Council companies’ annual reports published across the period (2010-2016). we found ROA, ROE, and ROIC to be positively affected by the CSR disclosure, while we did not find any relationship between lag of CSR and PTB, TOBIN, and EPS.

Authors

• Samy Garas, SUNY Plattsburgh

• Mostafa Hassan, Qatar University

• Abulsamad Alazzani, Qatar University