Date of Publication

8-2023

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting | Business Law, Public Responsibility, and Ethics | Management Sciences and Quantitative Methods

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Honor/Award

Candidate for Best Thesis

Thesis Advisor

Michelle A. Ang

Defense Panel Chair

Joy S. Rabo

Defense Panel Member

Dianne Margareth Tang-See

Abstract/Summary

More than ever before, society pressures businesses to be more environmentally and socially conscious through corporate social responsibility (CSR) initiatives. A multitude of literature has examined the impact of CSR on firm financial performance (FFP); however, there are still varied findings on the relationship between the two. Firm visibility is also a concept closely associated with the CSR-FFP relationship. Thus, this paper aims to examine the moderating effect of firm visibility on the impact of CSR on FFP of publicly listed companies in the Asia-Pacific (APAC) region. These companies are further classified into sensitive and non-sensitive depending on their industry’s socio-environmental impact. Data from the Refinitiv Eikon database were retrieved and analyzed. Using a multiple regression analysis, this study found varying results depending on the industry classification and firm performance measure. In sensitive industries, CSR has a significant impact on FFP. When moderated by firm visibility, the moderating effect is insignificant when ROA is used, while there is a moderating effect when Tobin’s Q is used. On the other hand, under non-sensitive industries, CSR has a significant impact on FFP only when ROA is used. When moderated by FV, the findings showed that there is a significant moderating effect only on Tobin’s Q. These findings have led to the formulation of relevant recommendations for publicly listed APAC companies, investors, corporate management, regulatory bodies, academic institutions, and future researchers.

Abstract Format

html

Language

English

Format

Electronic

Keywords

Social responsibility of business—Pacific Area; Corporations—Pacific Area—Finance

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Embargo Period

8-10-2023

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