CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE AND SHARIAH FIRM PERFORMANCE
DOI:
https://doi.org/10.18623/rvd.v23.5567Palabras clave:
Corporate Social Responsibility Disclosure, Financial Performance, Shariah-Compliant Companies, Board Gender DiversityResumen
Shariah-compliant listed companies in Malaysia promote accountability and transparency to stakeholders, urging corporate social responsibility disclosure associated with ethical governance and sustainability. Based on Islamic principles and Stakeholder Theory, this study examines the relationship between corporate social responsibility disclosure (investor, community, environmental, employee, and product) and financial performance and analyzes whether board gender diversity moderates this relationship. Utilizing stratified sampling, data were collected from 200 Main Board companies’ annual reports within three periods: 2019 (pre-pandemic), 2020 (pandemic), and 2021 (post-pandemic), and examined using hierarchical regression. The results found that only employee-related disclosure is positively associated with financial performance in 2019 and 2020, while other disclosure dimensions reveal no significant relationship. Board gender diversity does not moderate these relationships. The results suggest that firms should prioritize employee-related disclosures, providing implications for policymakers pursuing to strengthen transparency in Shariah-compliant firms.
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