This study aims to examine the relationship between corporate social responsibility (CSR) and the financial performance (profitability and market value) of firms listed in the Gulf Cooperation Council (GCC) countries’ stock markets.,The sample of the study consisted of all the listed companies in the GCC bourses for the period of 2010-2017. CSR was calculated by using the total amount of donations and charity disclosed in the financial reports. The three performance proxies used as the dependent variables included return on assets (ROA; profitability), return on equity (ROE; profitability) and Tobin’s Q (market value).,This study found that the UAE had the highest level of CSR compared to the other GCC countries. Additionally, the findings showed a negative and significant relationship between CSR and ROA, and a positive and significant relationship between CSR and Tobin’s Q.,In addition to other reforms, this paper recommends the GCC governments to impose a CSR framework and SMART platforms in line with the UAE’s initiatives.,This paper offers new contributions to the GCC literature and recommendations to their firms and governments.

中文翻译：

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对社会负责是否值得？海湾合作委员会国家的经验证据

这项研究旨在研究在海湾合作委员会（GCC）国家股票市场上市的公司的企业社会责任（CSR）与财务绩效（盈利能力和市场价值）之间的关系。该研究样本包括所有海湾合作委员会交易所中的上市公司，时间为2010-2017年。企业社会责任是使用财务报告中披露的捐赠和慈善总额计算的。用作因变量的三个绩效代理包括资产回报率（ROA;获利能力），股本回报率（ROE;获利能力）和Tobin Q（市值）。该研究发现，阿联酋的企业社会责任水平最高其他海湾合作委员会国家。此外，调查结果还显示，企业社会责任与ROA之间存在负相关关系，