Impact of Corporate Social Responsibility on Economic and Environmental Performance of Financial and Non-Financial Firms

This study aims to analyze the impact of corporate social responsibility (CSR) on the performance of financial and non-financial institutions in Pakistan, focusing on business management, ecological environmental factors, and social dimensions. It seeks to propose measures for enhancing CSR in Pakistan and adopting a more effective CSR system within these institutions. The CSR theory in this study is developed based on a comprehensive literature review. Data for this research were collected through questionnaires in five selected industries in Pakistan: Petroleum, Banking, Media, Telecom, Chemical, and Fertilizer, across various major cities. Qualitative methods and an OLS regression model were employed for analysis, utilizing SPSS and E-Views software. The study reveals that all independent variables significantly impact CSR, indicating a positive contribution of CSR structures to the performance of Pakistan’s financial and non-financial sectors. The conclusion emphasizes the limited number of CSR studies in Pakistan, highlighting the need for a unique framework for future research. The intentional constant concept, illustrating CSR theory, finds support from various stakeholders. The report includes a persuasive Industrial, Commercial Level, and Grade design to secure authoritative rankings, facilitating the idea and deducing a period of industrial constant and transition. The findings show that the support for social requirements is influenced by various parties, including firms, corporations, social activists, NGOs, and others.