Abstract It intends for this article to clarify how the business performance of securities companies is described by both economic performance and corporate social responsibility (CSR) performance. The study uses a secondary dataset of 246 observations from 82 securities companies from 2022-2024, which are collected by the author. The study is done on models such as Pooled-OLS, FEM, REM, and GLS. Based on the regression results, several factors have a significant impact on the economic efficiency as well as social efficiency of securities companies. The positive effects are Capital size (X1), Available capital ratio (X2), Contribution to charity, education and humanitarian funds (X8), and GDP growth (X10). Capital structure (X3) and Operating costs (X5) have a negative impact. Considering these findings, the study provides suggestions for enhancing the efficiency of securities companies operation. The analysis helps in providing relevant empirical research on the economic and corporate social responsibility performance of securities companies, which has been a limited area of empirical research. In making decisions, the insights of the study give a valuable approach to the practical application of this model to securities companies, and related organizations, and help them to consider how their economic and social impact performances can be used in strategic allocation to maximise operational performance for the business at a strategic level.
Hai et al. (2026) studied this question.