The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.

This study aimed to seek for patterns in corporate philanthropy activities
by publicly listed companies in Malaysia. This study determined whether there were
seasonal trends in these activities such as conducting philanthropy contribution and
volunteerism only during festival seasons or not. Data was collected and analyzed from
51 survey respondents and 142 annual reports selected from the Bursa Malaysia main
market. The primary data collected from the survey questionnaires were tabulated in a
spreadsheet and all data collected from the companies’ annual reports were transformed
into numerical data before analysis. The means and standard deviationsfor the variables
from the observed data were analyzed descriptively. Chi-square tests were used to test
the validity of the hypothesis where the p-values show whether the observed results
were statistically significant or not.

Discover the best professional documents and content resources in AnyFlip Document Base.
Search
Published by intima225, 2023-05-15 05:38:40

CORPORATE SOCIAL RESPONSIBILITY (CSR): THE PATTERN OF CORPORATE PHILANTHROPY SHOWN BY SELECTED PUBLICLY LISTED COMPANIES IN MALAYSIA

This study aimed to seek for patterns in corporate philanthropy activities
by publicly listed companies in Malaysia. This study determined whether there were
seasonal trends in these activities such as conducting philanthropy contribution and
volunteerism only during festival seasons or not. Data was collected and analyzed from
51 survey respondents and 142 annual reports selected from the Bursa Malaysia main
market. The primary data collected from the survey questionnaires were tabulated in a
spreadsheet and all data collected from the companies’ annual reports were transformed
into numerical data before analysis. The means and standard deviationsfor the variables
from the observed data were analyzed descriptively. Chi-square tests were used to test
the validity of the hypothesis where the p-values show whether the observed results
were statistically significant or not.

41 REFERENCES Aguilera, R. V., Williams, C., Conley, J. M., & Rupp, D. E. (2006). Corporate governance and social responsibility: A comparative analysis of the UK and the US. Corporate Governance: An International Review, 14(3), 147–158. https://doi:10.1111/j.1467-8683.2006.00495.x Baba, H. N. (2017). The determinants of corporate social responsibility disclosure: The case of Malaysian government-linked companies in Malaysia. SHS Web of Conferences 36, 00029. https://doi.org/10.1051/shsconf/20173600029 Bin Amran, A., Lim, L. L., & Sofri, Y. (2007). A study of corporate philanthropic traits among major Malaysian corporations. Social Responsibility Journal, 3(4), 21– 30. http://dx.doi.org/10.1108/17471110710840206 Bursa Malaysia. (2021, November 30). Bursa Malaysia sectorial index series. https://www.bursamalaysia.com/sites/5d809dcf39fba22790cad230/assets/61a6 f54b39fba22db47c75b6/BM_Sectorial_Index_Series_Factsheet_Nov21.pdf Carroll, A. B. (1999). Corporate social responsibility. Business and Society, 38(3), 268–295. https://doi.org/10.1177/000765039903800303 Carroll, A. B. (2016). Carroll’s pyramid of CSR: Taking another look. International Journal of Corporate Social Responsibility, 1(1), 1–8. http://link.springer.com/10.1186/s40991-016-0004-6 Chua, T. (October 25, 2018) Kind Malaysia a CSR matching platform for PLCs. The Star. https://www.thestar.com.my/business/business-news/2018/10/25/kindmsia-a-csr-matching-platform-for-plcs Claydon, J. (2013). Consumer-driven corporate responsibility. In S.O. Idowu, N. Capaldi, L. Zu, & A.D. Gupta (Eds.), Encyclopaedia of corporate social responsibility (pp. 444–450). Springer. https://doi.org/10.1007/978-3-642- 28036-8_694 Dess, G. G., McNamara, G., Eisner, A. B., & Lee, S. H. (2019). Strategic management: Text & cases (9th ed.). McGraw Hill. Gholami, S. (2011). Value creation model through Corporate Social Responsibility (CSR). International Journal of Business and Management, 6(9), 148–154. https://doi.10.5539/ijbm.v6n9p148 Haji, A. A. (2013). Corporate social responsibility disclosures over time: Evidence from Malaysia. Managerial Auditing Journal, 28(7), 647–676. http://dx.doi.org/ 10.1108/MAJ-07-2012-0729 Hidayati, N. D. (2011). Pattern of corporate social responsibility programs: A case study. Social Responsibility Journal, 7(1), 104–117. http://dx.doi.org/10.1108/ 17471111111114576 Hohnen, P., & Potts, J. (2007). Corporate social responsibility. An implementation guide for business. International Institute for Sustainable Development (IISD). https://www.iisd.org/pdf/2007/csr_guide.pdf


42 Janggu, T., Corina, J., & Madi, N. (2007). The current state of corporate social responsibility among industrial companies in Malaysia. Social Responsibility Journal, 3(3), 9–18. http://dx.doi.org/10.1108/17471110710835536 Lantos, G. P. (2001). The boundaries of strategic corporate social responsibility. The Journal of Consumer Marketing, 18(7), 595–630. http://dx.doi.org/10.1108/ 07363760110410281 Mihalache (MAICAN, S. S. (2013). Aspects regarding corporate social responsibility definition and dimensions. Cluj-Napoca: Babes Bolyai University. https://www.proquest.com/conference-papers-proceedings/aspects-regardingcorporate-social-responsibility/docview/1477968998/se-2?accountid=39909 Mischke, J., Woetzel, J., & Birshan, M. (2021). The necessity of doing well by doing good. Milken Institute Review. https://www.milkenreview.org/articles/thenecessity-of-doing-well-by-doing-good Morsy, L. (2015). Corporate philanthropic giving practices in U.S. school education. Voluntas: International Journal of Voluntary & Nonprofit Organizations, 26(4), 1510–1528. https://doi.org/10.1007/s11266-014-9474-x Rahim, R, A., Jalaludin, F, W., & Tajuddin, K. (2011). The importance of corporate social responsibility on consumer behaviour in Malaysia. Asian Academy of Management Journal, 16(1), 119–139. https://core.ac.uk/download/pdf/ 89468751.pdf Roddick, A. (1994). Corporate responsibility. Vital Speeches of the Day, 60(7), 196. https://web.s.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=5&sid=2de09149 -4e2f-4cac-a536-ae9683f58612%40redis Saleh, M., Zulkifli, N., & Muhamad, R. (2010). Corporate social responsibility disclosure and its relation on institutional ownership: Evidence from public listed companies in Malaysia. Managerial Auditing Journal, 25(6), 591–613. http://dx.doi.org/10.1108/02686901011054881 Saleh, M., Zulkifli, N., & Muhamad, R., (2011) Looking for evidence of the relationship between corporate social responsibility and corporate financial performance in an emerging market. Asia Pacific Journal of Business Administration, 3(2), 165–190. http://doi:10.1108/17574321111169849 Sanchez, C. M. (2000). Motives for corporate philanthropy in El Salvador: Altruism and political legitimacy: JBE. Journal of Business Ethics, 27(4), 363–376. https://www.proquest.com/scholarly-journals/motives-corporate-philanthropyel-salvador/docview/198100765/se-2?accountid=39909 Sarwar, A., & Azam, S. M. (2013). Corporate social responsibility in Malaysia: The role of corporate sector in supporting the community and the environment. Research Journal of Commerce & Behavioural Science, 2, 54–59. https://www.researchgate.net/publication/290397495_Corporate_Social_Resp onsibility_in_Malaysia_The_Role_of_Corporate_Sector_in_Supporting_the_ Community_and_the_Environment


43 Schnurbein, G. V., Seele, P., & Lock, I. (2016). Exclusive corporate philanthropy: Rethinking the nexus of CSR and corporate philanthropy. Social Responsibility Journal, 12(2), 280–294. http://dx.doi.org/10.1108/SRJ-10-2014-0149 Skurak, H. H., Malinen, S., Kuntz, J. C., & Näswall, K. (2019). The relevance of selfdetermination for corporate volunteering intentions. Voluntas: International Journal of Voluntary and Nonprofit Organizations, 30(5), 1054–1068. https://doi.org/10.1007/s11266-019-00140-5 Song, Y., Gianiodis, P. T., & Li, Y. (2016). Institutional ownership and corporate philanthropic giving in an emerging economy. Management and Organization Review, 12(2), 357–385. http://dx.doi.org/10.1017/mor.2015.33 Sustainability & CSR Malaysia awards 2022: Top Glove wins top honours (August 28, 2022). theSundaily. https://www.thesundaily.my/home/sustainability-csrmalaysia-awards-2022-top-glove-wins-top-honours-XX9660022 Thompson, P., & Zakaria, Z. (2004). Corporate social responsibility reporting in Malaysia: Progress and prospects. The Journal of Corporate Citizenship, (13), 125–136. https://www.proquest.com/scholarly-journals/corporate-socialresponsibility-reporting/docview/211948022/se-2?accountid=39909 Visagie, J., Sibanda, V., & Coetzee, R. (2019). The evolution and models of Corporate Social Responsibility. The Journal of Social Sciences Research. 1885-1892. 10.32861/jssr.512.1885.1892. Visser, W. (2010). CSR 2.0: The evolution and revolution of Corporate Social Responsibility. In M. Pohl & N. Tolhurst (Eds.), Responsible business: How to manage a CSR strategy successfully. Wiley Online Library. https://doi.org/10.1002/9781119206156.ch21 Wang, Z., Zhang, Y., Tian, M., & Ding, Y. (2022). Promoting and inhibiting: Corporate charitable donations and innovation investment under different motivation orientations––Evidence from Chinese listed companies. PLoS ONE 17(4):e0266199. https://doi.org/10.1371/journal.pone.0266199 Yusoff, I. Y., & Yee, L. S. (2017). Corporate social responsibility in Malaysia: A conceptual framework for measuring performance. Reitaku International Journal of Economic Studies, 25, 1–14. https://docplayer.net/188905743- Corporate-social-responsibility-in-malaysia-a-conceptual-framework-formeasuring-performances.html Zulkifli, N., & Amran, A. (2006). Realising corporate social responsibilities in Malaysia: A view from accounting profession. The Journal of Corporate Citizenship, 26(24), 101–114. https://www.proquest.com/docview/211941001/ 912BEA9A16A4F3EPQ/1?accounti d=39909


44 APPENDIX A Patterns of Corporate Philanthropy by Publicly Listed Companies in Malaysia Purpose: The aim of this survey is to discover patterns of Corporate Philanthropy among various public companies that are listed in the Bursa Malaysia. Instruction: Please answer each question by selecting the choice that best reflects your perception. 1. Type of Business Industry: □ Consumer Products & Services Industry □ Financial Industry □ Industrial Products & Services Industry □ Plantation Industry □ Technology, Telecommunication & Media Industry □ Other (please specify) _________________________________ 2. How long has the company been a publicly listed company? □ 1 - 10 Years □ 11 - 20 Years □ 21 - 30 Years □ 31 - 40 Years □ 41 - 50 Years □ More than 50 Years 3. The importance of a Corporate Philanthropy program. No. Strongly Disagree Disagree Not Sure Agree Strongly Agree 01 Corporate philanthropy activities help to enhance the company's business ethics and compliance. 02 Corporate philanthropy is beneficial for a company's reputation. 03 Corporate philanthropy has many benefit but does not necessarily enhance a company’s financial performance. 04 Corporate philanthropy has not enhanced my employees’


45 performance. 05 My company’s Corporate philanthropy program has attracted more customers to our business. 06 My company’s Corporate philanthropy program helps to enhance society. 07 My company’s Corporate philanthropy program has not enhance the environment conditions. 4. The pattern of my company’s Corporate Philanthropy engagement. No. Strongly Disagree Disagree Not Sure Agree Strongly Agree 01 My company is always ready to engage in any form of Corporate Philanthropy 02 My company is more involved in Corporate Philanthropy during festival seasons. 03 My company engages in Corporate Philanthropy not just during the festival seasons. 04 My company is more willing to engage in Corporate Philanthropy with the religious community. 05 My company is more willing to engage in Corporate Philanthropy that has the same cultural or race. 06 My company is more than willing to help the community regardless of its religious, racial or cultural background. 5. Type of Corporate Philanthropy in which the Company is engaged. (Check all that apply) □ Corporate giving (contributing to the society in terms of money or in kind) □ Corporate Volunteering (Performing community service during working hours)


46 □ Corporate Foundation (Creating separate entity to perform charitable activities) 6. How often does the company engage in Corporate Philanthropy? No. Never Rarely Sometimes Often Always 01 Culture or Recreation (empowering social capital) 02 Educational or Research (sponsorship) 03 Health 04 Social Services 05 Environment 06 Development or Housing 07 Law, Advocacy or Politics 08 Religious Activities 09 Other (Please specify) _____________________ 7. Level of Corporate Philanthropy support performed by the company. No. None Low Moderate High Very High 01 Culture or Recreation (empowering social capital) 02 Educational or Research (sponsorship) 03 Health 04 Social Services 05 Environment 06 Development or Housing 07 Law, Advocacy or Politics 08 Religious Activities 09 Other (Please specify) _____________________ 8. Kindly attach any newspaper/magazine clippings or other reports about your CSR program.


47 Thank you for participating in this study. Your participation is greatly appreciated.


Click to View FlipBook Version