Impact of CSR disclosure on profitability and firm performance of Malaysian halal food companies
Open accessAbstract
The purpose of this study is to examine the impact of corporate social responsibility (CSR) disclosure on the profitability and firm performance of Halal food companies in Malaysia. Applying a quintitative method, the study utilised a dynamic GMM-based statistical technique for analysing the data from 75 public-listed Halal food companies in Malaysia from 2012 to 2021.The findings highlight a substantial relationship between CSR disclosure and profitability (ROA) as well as firm performance (TBQ) of Halal food companies in Malaysia. The result showed economic, environmental, and social CSR disclosures have a significant effects on ROA and TBQ in dynamic models. The outcome of the study implies that actively engaging in economic, environmental, and social CSR practices provides with a competitive advantage, contributes to long-term viability, and attracts socially conscious investors. It also emphasises the strategic importance of comprehensive CSR strategies for encouraging positive stakeholder relationships, managing diverse aspects of sustainability, and enhancing overall business success, including employee engagement and motivation.
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When there is more investment, the country gets more projects going, which makes the economy grow.
“When there is more investment, the country gets more projects going, which makes the economy grow [38, 39].”
From Dynamics of economic growth in ASEAN-5 countries: a panel ARDL approach (2024) · cites this paper as [38]
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Dynamics of economic growth in ASEAN-5 countries: a panel ARDL approach
Hidthiir, M. H. B., Ahmad, Z., Junoh, M. Z. M., & Yusof, M. F. B. (2024) · Discover Sustainability · doi:10.1007/s43621-024-00351-x · Cited by 27 · see citing works
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“Overconsumption and reduced labor tax income lead to distortions in economic choice (Ahmad et al., 2024; Kharel & Upadhyay, 2021).”
Self-citation
- Authors
- Ahmad, Z., Hidthiir, M. H. B., & Rahman, M. M.
- Affiliations
- Universiti Utara Malaysia (MY)
- Corresponding author
- Rahman, Md Mahfujur
- Venue
- Discover Sustainability
- Published
- 2024-02-26
- Volume
- 5
- Issue
- 1
- ISSN
- 2662-9984 (ISSN-L)
- OpenAlex
- W4392166641
- Cited by
- 37
- References
- 76
- Citations by year
- 2026: 14 · 2025: 16 · 2024: 7
- FWCI
- 12.51
- Type
- journal article
- Language
- en
- Open access
- gold
- doi.org
- Locations
- Discover Sustainability (publishedVersion, cc-by)
- DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
- Funders
- Universiti Utara Malaysia
- Pusat Pengurusan Penyelidikan dan Inovasi, Universiti Utara Malaysia
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
- Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Financial Management
- Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Corporate Social Responsibility and Sustainability
- Keywords
- corporate social responsibility disclosure, profitability, firm performance, return on assets, Malaysian food industry, listed companies
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