American Journal of Economics, Finance and Management
Articles Information
American Journal of Economics, Finance and Management, Vol.4, No.3, Sep. 2018, Pub. Date: Aug. 20, 2018
Impact of CSR on Firm’s Financial Performance: A Study on Some Selected Agribusiness Industries of Bangladesh
Pages: 74-85 Views: 1181 Downloads: 1370
Authors
[01] Samira Islam Resmi, Department of Agribusiness, Atish Dipankar University of Science &Technology (ADUST), Dhaka, Bangladesh.
[02] Noor Nahar Begum, Facultyof Business Studies, Bangladesh University of Professionals (BUP), Dhaka, Bangladesh.
[03] Md. Masudul Hassan, Department of Agribusiness, Atish Dipankar University of Science &Technology (ADUST), Dhaka, Bangladesh.
Abstract
CSR Activities are one of the foreseeable parts of the organization now-a-days. Almost all the prominent organization performs CSR activities for the sake of society or as a part of their responsibility. Most organizations have embraced corporate social responsibility without substantial increase in industries performance hence the research sought to find out the effect of CSR on Firm’s Financial Performance. The main purpose of study is to shed light on the impact of CSR on financial performance (FP) of Agribusiness Industries of Bangladesh, using a sample of four renowned Agribusiness industries for the period of 3 years from 2015 to 2017 through purposive sampling method. Relational research design was adopted. Data was collected from secondary sources. Regression, correlation was used for analyzing the data and results discussion. The findings presented revealed that return on equity (ROE) & net income has significant impact on financial performance favouring those firms that do Corporate Social Responsibility whereas; return on assets (ROA) & earnings per share (EPS) has no significant impact on financial performance. Some recommendations were provided for future use to any researcher in this hypothetical arena. Based upon key findings, this study postulates CSR phenomenon is consider as an essential growth element and FP-boosting tool through Agribusiness industries of Bangladesh. Eventually, mainstream of the studies on CSR are in context of well-established companies and nations, however, developing nations are least emphasized, thus the findings of this study greatly contribute in body of knowledge as well as offer pivotal implications for policy makers and governance of financial sector.
Keywords
CSR, Agribusiness, ROA, ROE, Sustainable Development, EPS.
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