Corporate social responsibility disclosure and corporate financial performance among Malaysian public listed companies / Norwazli Abdul Wahab

The concept of corporate social responsibility (CSR) is prominently known as a commitment of businesses towards their employees, local community and society at large. The escalating pressure from the stakeholders, society and government organizations on the company social performance has position CSR to be part of business corporate strategy in creating sustainable development and business affiliation among range of stakeholders. It is believed that CSR is competent to create brand image and fulfil demands and gain public support. Thus, companies are expected to be transparent and accountable in providing information concerning their social activities via the sustainability report. In response, the CSR disclosure (CSRD) has become mandatory for all Malaysian Public Listed Companies (PLCs) to reveal the information of their social activities in company annual report with effective in 2006. In addition, Bursa Malaysia (BM) has announced the CSR framework and guidelines to be followed which cover four areas namely; community, environment, marketplace and workplace dimensions. The information disclosed is not limited only on the financial performance but also non-financial information consisting of social activities.