The Influences of Corporate Social Responsibility (CSR) on Financial Performance in Yemeni Higher Educational Institutions

Fahmi Fadhl Al-Hosaini; Abdulsamad Alazzani; Nabil Mohammed Alabsy; Murad Mohammed Al-Nashmi; Abdulalem Mohammed; Abdulwadod S. A. Hassan; Majid Al-Nabae

doi:10.32479/irmm.19146

Authors

Fahmi Fadhl Al-Hosaini Faculty of Administrative Sciences, University of Science and Technology, Aden, Yemen; & Arab Academy for Management, Banking and Financial Sciences,Yemen
Abdulsamad Alazzani Department of Accounting and Information Systems, College of Business and Economics, Qatar University, Doha, Qatar
Nabil Mohammed Alabsy Department of Busiess Administration, College of Business,University of Bisha, Saudi Arabia
Murad Mohammed Al-Nashmi Arab Academy for Management, Banking and Financial Sciences,Yemen
Abdulalem Mohammed College of Commerce and Business (CCB), Lusail University, Lusail, Qatar; & Faculty of Administrative Sciences, Taiz University, Taiz, Yemen
Abdulwadod S. A. Hassan Faculty of Applied and Human Sciences, Universiti Malaysia Perlis, Perlis, Malaysia
Majid Al-Nabae Faculty of Applied and Human Sciences, Universiti Malaysia Perlis, Perlis, Malaysia

DOI:

https://doi.org/10.32479/irmm.19146

Keywords:

Corporate Social Responsibility, Financial Performance, Structural Equation Modeling, Private University, Yemen

Abstract

The needs for corporations in accomplishing societal values necessitate fostering good business strategies that are purposeful and beneficial. Having corporate social responsibility (CSR) is one of the ways this could be achieved, to boost organizational Financial Performance, particularly for CSR. However, there exists a dearth of empirical studies on the influence of CSR on Financial Performance concerning the higher educational institutions (HEIs) despite their contributions to the international and national economy. The present study focuses on the impact of CSR on the financial performance of Yemeni Universities. The study employed an approach based on a questionnaire survey with the Partial Least Square-Structural Equation Modeling (PLS-SEM) used as the analysis tool. According to the obtained results, CSR has a positive impact on the financial performance of the HEIs in Yemen. This study, therefore, helps in achieving the goals of the HEIs to enhance the universities’ education standards in Yemen.