Title: The effect of corporate social responsibility disclosure on financial performance: evidence from Palestinian banks and insurance public listed companies

Authors: Hanna'a Shehada; Mohammed Alashi; Hisham Madi; Maher Durgham

Addresses: Faculty of Economics and Administrative Sciences, Islamic University of Gaza, Palestine ' Faculty of Economics and Administrative Sciences, Islamic University of Gaza, Palestine ' Faculty of Economics and Administrative Sciences, Islamic University of Gaza, Palestine ' Faculty of Economics and Administrative Sciences, Islamic University of Gaza, Palestine

Abstract: This study aims at investigating the effect of corporate social responsibility (CSR) disclosure on the financial performance of Palestinian financial listed firms. Content analysis of 13 financial firms' annual reports from the period 2010 to 2016 is assessed based on the existence and comprehension of CSR disclosure. Findings of Pooled OLS regression reveal that the mean value of CSR disclosure is low. The results reveal that CSR disclosure is insignificantly affected by financial performance measured by ROA and Tobin's Q. This study contributes to the existing CSR disclosure literature by extending the prior research to provide additional empirical results from emerging economies including Palestine which rarely has been studied through investigating the effect of CSR disclosure on financial performance. Therefore, this study adds to CSR disclosure literature new empirical results from emerging economies like Palestine with a unique business environment.

Keywords: CSR disclosure; financial performance; Palestine exchange; PEX; stakeholder theory.

DOI: 10.1504/AAJFA.2024.136132

Afro-Asian Journal of Finance and Accounting, 2024 Vol.14 No.1, pp.100 - 114

Received: 11 Feb 2021
Accepted: 27 Dec 2021
Published online: 18 Jan 2024 *