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EXPLORING ROLE OF CSR IN PREVENTING BANKRUPTCY MODERATION EFFECT OF BOARD INDEPENDENCE IN MANUFACTURING SECTOR OF PAKISTAN AND AUSTRALIA

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04 Pages : 32-44

http://dx.doi.org/10.31703/gssr.2020(V-II).04      10.31703/gssr.2020(V-II).04      Published : Jun 2020

Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia

Abstract

    The purpose of the paper was to investigate the effect of CSR in prevention of bankruptcy while considering role of board independence in manufacturing sector of Pakistan and Australia. For this purpose, data of 50 publicly listed manufacturing companies from Australia and Pakistan was collected for 2005 to 2018 on factors of corporate social responsibility (CSR), bankruptcy and board independence. Meanwhile, EViews was used to conduct tests and correlation and multiple regression techniques were applied for the empirical investigation. The findings of the study reveal that bankruptcy is not significantly affected by the CSR contribution of manufacturing companies from developing and developed country. i.e. Pakistan and Australia. However, in case of Pakistan, evidence of moderation effect of board independence on effect of CSR on bankruptcy is found which is also significant. But this could not be evidenced from the Australian firms. Lastly, the paper also discusses the implications.

    (1) Mariam Javed
    PhD Scholar, Department of management Sciences, International University, Islamabad, Pakistan.
    (2) Zulfiqar Ali Shah
    Associate Professor, Department of Management Sciences, International University, Islamabad, Pakistan.
    (3) Abdul Rahman
    Professor, Department of Management Sciences, Quaid-e- Azam University, Islamabad, Pakistan.
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Cite this article

APA

    APA : Javed, M., Shah, Z. A., & Rahman, A. (2020). Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia. Global Social Sciences Review, V(II), 32-44. https://doi.org/10.31703/gssr.2020(V-II).04

CHICAGO

    CHICAGO : Javed, Mariam, Zulfiqar Ali Shah, and Abdul Rahman. 2020. "Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia." Global Social Sciences Review, V (II): 32-44 doi: 10.31703/gssr.2020(V-II).04

HARVARD

    HARVARD : JAVED, M., SHAH, Z. A. & RAHMAN, A. 2020. Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia. Global Social Sciences Review, V, 32-44.

MHRA

    MHRA : Javed, Mariam, Zulfiqar Ali Shah, and Abdul Rahman. 2020. "Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia." Global Social Sciences Review, V: 32-44

MLA

    MLA : Javed, Mariam, Zulfiqar Ali Shah, and Abdul Rahman. "Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia." Global Social Sciences Review, V.II (2020): 32-44 Print.

OXFORD

    OXFORD : Javed, Mariam, Shah, Zulfiqar Ali, and Rahman, Abdul (2020), "Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia", Global Social Sciences Review, V (II), 32-44

TURABIAN

    TURABIAN : Javed, Mariam, Zulfiqar Ali Shah, and Abdul Rahman. "Exploring Role of CSR in Preventing Bankruptcy: Moderation Effect of Board Independence in Manufacturing Sector of Pakistan and Australia." Global Social Sciences Review V, no. II (2020): 32-44. https://doi.org/10.31703/gssr.2020(V-II).04