Original scientific paper
https://doi.org/10.1080/1331677X.2022.2026242
The nexus between CSR disclosure, effective tax rate, corruption, and sustainable business performance: evidence from ASEAN countries
Zhihua Lian
Abstract
Sustainable business performance is the foremost requirement for
the organization and could be affected by many factors that
gained the attention of recent studies and regulators. Therefore,
the present study is also examining the impact of corporate social
responsibilities (CSR) disclosure, the effective rate of tax, and corruption on the sustainable business performance of the ASEAN
country’s listed firms. The data has been gathered by using the
quantitative method and using the secondary source of data collection. The data has been extracted from the financial statement
along with CSR disclosure reports of the listed firm of ASEAN
countries from 2015 to 2019. This study has executed the fixed
effect model (FEM) and generalized method of moments (GMM)
to examine the relationships among the variables. The results
revealed that CSR disclosure and tax-effective rate, along with
control variables such as leverage and firm size, have a positive
association with the sustainable business performance of firms in
ASEAN countries. The results also exposed that corruption has a
negative association with the sustainable business performance of
firms in ASEAN countries. These outcomes are suitable for the
regulators who want to formulate policies related to CSR and sustainable business performance.
Keywords
Corporate social responsibilities (CSR) disclosure; effective rate of tax; corruption; sustainable business performance; ASEAN countries
Hrčak ID:
302849
URI
Publication date:
31.3.2023.
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