Journal of economics and regional development

Impact of Financial and Institutional Indicators on Corporate Social Responsibility: Evidence from MENA Region Countries

Articles in Press

Document Type : Original Article

Authors

Derakhsan Abdonaser 1
Alireza Abroud 2

1 Assistant Professor, Iranshahr Province University, Sistan and Baluchistan, Iran.

2 Assistant Professor

https://doi.org/10.22067/erd.2026.94539.1307
Abstract
The present study provides new insights into a better understanding of macroeconomic financial and institutional factors influencing Corporate Social Responsibility (CSR) in MENA region countries. To achieve this goal, annual data from 2000 to 2023 and quantile panel regression were utilized. The model estimation results indicated that financial development plays a positive and significant role in Corporate Social Responsibility (CSR). Furthermore, the findings revealed that increased government efficiency and political stability, as institutional factors in MENA region countries, significantly enhance corporate social responsibility. In this study, per capita income and globalization variables were considered as control variables. This study offers an integrated perspective for identifying factors that can influence socially responsible behavior in MENA region countries. By providing empirical insights into the financial and institutional drivers of CSR in MENA countries, this study contributes to the literature and offers implications for policymakers, regulators, and corporate decision-makers aiming to enhance socially responsible business practices.

Keywords

Financial development
Government efficiency
Corporate social responsibility
MENA
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Journal of economics and regional development

Articles in Press, Accepted Manuscript
Available Online from 07 February 2026

  • Receive Date 20 July 2025
  • Accept Date 07 February 2026

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