Abstract
The primary purpose of the study is to explore the antecedents of corporate social and
environmental responsibilities discourse practices in Pakistan. The industry sensitivity, government
shareholding, block holder ownership, print media coverage, environmental monitoring programs,
and strategic posture are examined as antecedents of corporate social and environmental
responsibility practices. A multidimensional theoretical perspective namely stakeholder theory
(ST), institutional theory (IT), agency theory (PAT), and legitimacy theory (LT) is used to
conceptualize the phenomena. All the four of perspective theories (positive accounting theory,
legitimacy theory, stakeholder theory, and institutional theory) claim that there are ‘pressures’ that
impact the organization. How much ‘pressures’ are recognized, managed or satisfied differs from
one perspective of theory to the other. To estimate the data, this study uses three sets of panel
data models, i.e., the pooled ordinary least squares model (POLS) or constant coefficients model,
fixed effects (FEM or least squares dummy variable/LSDV model) and random-effects models. The
final sample is comprising of 173 firms over eight years from 2011 to 2017. The firms listed in PSX
are included in the sample. Overall the findings of the study have shown agreement with the
proposed results. However, the study has provided more support to the institutional theory and
stakeholder theory.
Muhammad Farhan Basheer, Saqib Muneer, Muhammad Atif Nawaz, Zubair Ahmad. (2020) The Antecedents of Corporate Social and Environmental Responsibility Discourse in Pakistan: Multiple Theoretical Perspectives, Abasyn Journal of Social Sciences, Volume-13, Issue-1.
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