Corporate Social Responsibility and Corporate Financial Performancein Developing Countries

Abstract

This article aimed to review the relationship between corporate social responsibility
(CSR) and corporate financial performance (CFP) by considering the existing
literature on CSR and CFP in five developing countries in Asia that included China,
Indonesia, Malaysia, Pakistan and Thailand. Although relationship between CSR and
CFP has become a hot issue in developed countries for several decades, empirical
literature on relationship between CSR and CFP in developing countries has been
relatively limited. Since CSR components in developing countries were different
from those in developed countries, this article would be an empirical evidence
that presented conceptual research and trend of relationship between CSR and
CFP in developing countries.