F1000 - The effect of corporate social responsibility on Malaysian financial institutions' dividend payout

The corporate social responsibility (CSR) disclosure was made mandatory in Malaysia in 2007 with the introduction of the CSR Framework by Bursa Malaysia. Since then, the practice of CSR disclosure is growing, as Malaysia joins global efforts towards sustainable development. Despite of increased researches on CSR; there are limited studies to assess the relationship of specific dimensions – environmental, community, workplace and marketplace, towards dividend payout, which is crucial to investment and corporate finance decision making.

2007年，马来西亚交易所（Bursa Malaysia）推出企业社会责任（Corporate Social Responsibility，CSR）框架，自此CSR信息披露在马来西亚成为强制性要求。随着马来西亚参与全球可持续发展行动，CSR信息披露实践不断推进。尽管当前针对CSR的研究日益增多，但针对其四大具体维度——环境、社区、职场与市场——与股息支付之间关联的评估研究仍较为匮乏，而股息支付对于投资决策及公司财务决策均具有关键意义。