Research Article 276
Journal of Finance & Economics Research - Volume 9, Issue 1 2024
By Waqqad Naushad, Fahim Qazi, Noman Ahsan
10.20547/jfer2409102
Keywords: Corporate social responsibility, financial performance, financial distress, return on assets, return on equity, net profit margin, earnings per share.

This study explores the impact of corporate social responsibility (CSR) and financial distress on the financial performance of companies in Pakistan's PSX 100 Index. With a focus on societal contributions and competitive advantage, the research addresses the limited CSR activities in Pakistan, emphasizing the necessity for comprehensive policies promoting social welfare and economic growth. Analyzing data from 48 companies of manufacturing and financial sectors, the study uncovers insights into Pakistani industries, emphasizing the effects of CSR on financial performance in the presence of financial distress. It underscores the importance of balancing financial risks with social responsibilities, contributing to the understanding of CSR practices in developing countries and providing valuable guidance for businesses seeking to navigate these dynamics.

Submission Date: 4 Sep, 2023 Reviews Completed: 11 Dec, 2023
Acceptance Date: 30 Dec, 2023 Publication Date: 7 Jan, 2024