Corporate Social Responsibility and Financial Performance of Hotels in Zanzibar
Zuhura Mohamed Abdallah, Fatma Ali Mohamed
Journal of Economics, Management and Trade · pp. 1–8 · Published 25 Apr 2019
10.9734/jemt/2019/v23i530142Abstract
Corporate Social Responsibility is gaining more awareness in Zanzibar as the firms are recognizing the important role it plays on firm’s performance. This research empirically examines the effect of corporate social responsibility and financial performance of hotels in Zanzibar. CSR is measured by cost paid for corporate social responsibility while financial performance is measured by using profitability measures such as ROA and ROE. By utilizing panel data of 4 hotels for 7 years period from 2011-2017, the study uses ordinary least square method-random effect regression, model. The study found CSR has a significant positive effect on ROA and ROE of hotels in Zanzibar. The study also found that control variables (i.e leverage, R & D, size) have a significant effect on ROA and ROE. The study recommends more investment in CSR as a way of boosting hotels profitability.
Cited by 1
Sonia Benito-Hernández, Cristina López-Cózar Navarro, Gracia Rubio Martín · Revista Galega de Economía · 2022
Related research
- Implementation of International Financial Reporting Standard as a Tool for the Performance of Nigerian Insurance Companies — shares topic coverage
- Analyzing Effect of Alternative Banking Channels on Financial Performance of Burundi Commercial Banks: Evidence from Kenya Commercial Bank in Burundi — shares topic coverage
- Environment and Financial Performance: The Case of the Canadian Oil Industry — shares topic coverage
- Reconfiguring Workspaces: Adaptations of Corporate Real Estate Design in the Context of the COVID-19 Pandemic and Economic Crisis in Sri Lanka — shares topic coverage
- Corporate Governance and Firm Profitability: A Study of Ghana's Banking Sector — shares topic coverage
Article metrics
Real usage data collected on this platform.
0
Page views
0
PDF downloads
0
Outbound clicks
1
Citations
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
No views recorded yet.
Traffic sources
Referring site, by host.
No traffic recorded yet.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.