Corporate Social Responsibility and Financial Performance: Moderating Role of Executive Compensation
Abstract
The main purpose of this study to investigate the impact of corporate social responsibility on financial performance of conventional banks of Pakistan and to analyze the moderating role of executive compensation on the relationship between CSR and financial performance. Data were collected and measured from state bank of Pakistan covered the time period from 2009-2020 based on post positivism approach. Empirical results have been analysed by ordinary least square (OLS) model and results show that corporate social responsibilities have a positive and significant effects on financial performance. While the finding indicates that executive compensation also positively and significantly moderates the relationship between CSR and financial performance of conventional banks in Pakistan. This suggests that high CSR contribution and executive compensation leads to high and improved financial performance in conventional banks of Pakistan.
Keywords: corporate social responsibility, financial performance, executive compensation, return on assets, financial institutions
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