Abstract
Corporate Social Responsibility (CSR) is an imperative product or service strategy established to maintain a competitive advantage. CSR has accomplished a broader recognition and a more vigorous acceptance in corporate practices as well as in the academic literature. It is evident that CSR is an ever-expanding, wide area of research and practice. Companies engage in CSR practices to fulfil the expectations of stakeholders and to build healthy relationships with them. The current study employed pooling regression analysis to 36 listed companies in Pakistan Stock Exchange (PSX) from 2009 to 2018. The research has found that the CSR disclosure derives to enhance shareholder value. Likewise, CSR disclosure has a positive significant effect on shareholder value. The proposed study has value for Pakistani government, stock exchange, shareholders, and policy makers by highlighting the distinct impact on shareholder value and its relation with corporate social responsibility disclosure.