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WHY DO INSTITUTIONAL FORCES MATTER MORE IN CORPORATE SOCIAL RESPONSIBILITY

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12 Pages : 120-139

http://dx.doi.org/10.31703/ger.2019(IV-I).12      10.31703/ger.2019(IV-I).12      Published : Mar 2019

Why do Institutional Forces Matter more in Corporate Social Responsibility?

Abstract

    In this paper, we analyze the effect of the country's institutional forces on the level of corporate social responsibility disclosure (CSRD) within the companies listed on Pakistan's stock exchange. Numbers of theories (e.g., institutional theory, legitimacy theory) are used to understand the relationship among the formal institutional forces and the level of CSRD. The available assumptions for the regression model were fulfilled in addition to Hausman's test. It was found that the level of CSRD is sensitive to the intensity of various local institutional forces. Such types of institutional forces predict the limits how to understand, build, and maintain the relationship between business and society. The results of the study offer a comprehensive picture for policy-makers, practitioners, and common corporate beneficiaries to understand the "why" and "how" of the corporate social responsibility (CSR) phenomena in developing countries context, particularly in Pakistan.

    Corporate Social responsibility, Institutional Forces, Worldwide Governance Indicators, Corporate Social Responsibility Disclosure, Developing Countries

    (1) Maqsood Hayat
    Assistant Professor, Yunnan University of Business Management, Kunming, China.
    (2) Shehzad Khan
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
    (3) Muhammad Faizan Malik
    Assistant Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan, KP, Pakistan.
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Cite this article

APA

    APA : Hayat, M., Khan, S., & Malik, M. F. (2019). Why do Institutional Forces Matter more in Corporate Social Responsibility?. Global Economics Review, IV(I), 120-139. https://doi.org/10.31703/ger.2019(IV-I).12

CHICAGO

    CHICAGO : Hayat, Maqsood, Shehzad Khan, and Muhammad Faizan Malik. 2019. "Why do Institutional Forces Matter more in Corporate Social Responsibility?." Global Economics Review, IV (I): 120-139 doi: 10.31703/ger.2019(IV-I).12

HARVARD

    HARVARD : HAYAT, M., KHAN, S. & MALIK, M. F. 2019. Why do Institutional Forces Matter more in Corporate Social Responsibility?. Global Economics Review, IV, 120-139.

MHRA

    MHRA : Hayat, Maqsood, Shehzad Khan, and Muhammad Faizan Malik. 2019. "Why do Institutional Forces Matter more in Corporate Social Responsibility?." Global Economics Review, IV: 120-139

MLA

    MLA : Hayat, Maqsood, Shehzad Khan, and Muhammad Faizan Malik. "Why do Institutional Forces Matter more in Corporate Social Responsibility?." Global Economics Review, IV.I (2019): 120-139 Print.

OXFORD

    OXFORD : Hayat, Maqsood, Khan, Shehzad, and Malik, Muhammad Faizan (2019), "Why do Institutional Forces Matter more in Corporate Social Responsibility?", Global Economics Review, IV (I), 120-139

TURABIAN

    TURABIAN : Hayat, Maqsood, Shehzad Khan, and Muhammad Faizan Malik. "Why do Institutional Forces Matter more in Corporate Social Responsibility?." Global Economics Review IV, no. I (2019): 120-139. https://doi.org/10.31703/ger.2019(IV-I).12