Author(s)

Israr Khan¹, Mansi Wang¹, Xinyi Hong², Xinxin Yu¹, Muhammad Ashraf Mukhtar³, Tan Chen^4*, Rahim Ullah^5*

¹School of Management, Guangzhou University, Guangzhou, China.
²School of Entrepreneurship and Innovation, Guangzhou University, Guangzhou, China.
³School of Business, PMAS Arid Agriculture University (IMS), Rawalpindi, Pakistan.
⁴School of Public Administration, Guangzhou University, Guangzhou, China,.
⁵Department of Business Administration, School of Management, Guangzhou University, Guangzhou, China.

This study aims to analyze the impact of corporate social responsibility (CSR) on the performance of financial and non-financial institutions in Pakistan, focusing on business management, ecological environmental factors, and social dimensions. It seeks to propose measures for enhancing CSR in Pakistan and adopting a more effective CSR system within these institutions. The CSR theory in this study is developed based on a comprehensive literature review. Data for this research were collected through questionnaires in five selected industries in Pakistan: Petroleum, Banking, Media, Telecom, Chemical, and Fertilizer, across various major cities. Qualitative methods and an OLS regression model were employed for analysis, utilizing SPSS and E-Views software. The study reveals that all independent variables significantly impact CSR, indicating a positive contribution of CSR structures to the performance of Pakistan’s financial and non-financial sectors. The conclusion emphasizes the limited number of CSR studies in Pakistan, highlighting the need for a unique framework for future research. The intentional constant concept, illustrating CSR theory, finds support from various stakeholders. The report includes a persuasive Industrial, Commercial Level, and Grade design to secure authoritative rankings, facilitating the idea and deducing a period of industrial constant and transition. The findings show that the support for social requirements is influenced by various parties, including firms, corporations, social activists, NGOs, and others.

Corporate Social Responsibilities, Corporate Governance, Environment Priorities, Environment Reporting, Corruption & Bribery, Health & Safety

Khan, I. , Wang, M. , Hong, X. , Yu, X. , Mukhtar, M. , Chen, T. and Ullah, R. (2023) Impact of Corporate Social Responsibility on Economic and Environmental Performance of Financial and Non-Financial Firms. Open Journal of Social Sciences, 11, 224-241. doi: 10.4236/jss.2023.1112017.