The Impact of Social Performance on Financial Performance of Listed Companies in Saudi Arabia
The relation between corporate social performance (CSP) and corporate financial performance (CFP) has been extensively researched. In this paper, we extend this research into the Saudi market by examining all publicly listed companies. Our findings reveal that there is no significant relation between CSP and the financial performance of Saudi listed companies. However, looking at the different aspects of corporate social responsibility (CSR), we document that the environmental CSR and the stakeholder CSR have a positive and significant effect on the financial performance metric of return on invested capital.
This study examines how three major risk and uncertainty indices—Geopolitical Risk (GPR), Economic Policy Uncertainty (EPU), and Oil Market Volatility (OVX)—affect the Dow Jones Islamic Market (…
The relation between corporate social performance (CSP) and corporate financial performance (CFP) has been extensively researched. In this paper, we extend this research into the Saudi market by…