The objective of this study is to examine the relationship between corporate social performance (CSP) as proxy of corporate social responsibility (CSR) and corporate firm's performance (CFP) in the context of Pakistani financial and non-financial firms sectors. This study comprises two main firm's performance indicators such as market base (excess stock returns) and accounting base (returns on assets and returns on capital). The data set starts from 2011 to 2017 and consists of three hundred and fifty (350) firms on equal numbers of financial and non-financial firms. This study uses a non-linear and disaggregated approach for data analysis. The results of the linear model indicate that CSP and returns on capital have a negative relationship, while the non-linear model of CSP and accounting base performance as CFP have positive association in the domain of long run. There is a significant relationship that exist among environmental social governance (ESG) disclosure score, government sub-components score, and social performance. However, a U-shaped association found between CFP and government sub-components, which further suggest that governance has a vital role toward CSP and CFP components.
The oil and gas industries (OGI) are the primary global energy source, with pipelines as vital components for OGI transportation. However, pipeline leaks pose significant risks, including fires, injuries, environmental harm, and property damage. Therefore, maintaining an effective pipeline maintenance system is critical for ensuring a safe and sustainable energy supply. The Internet of Things (IoT) has emerged as a cutting-edge technology for efficient OGI pipeline leak detection. However, deploying IoT in OGI monitoring faces significant challenges due to hazardous environments and limited communication infrastructure. Energy efficiency and fault tolerance, typical IoT concerns, gain heightened importance in the OGI context. In OGI monitoring, IoT devices are linearly deployed with no alternative communication mechanism available along OGI pipelines. Thus, the absence of both communication routes can disrupt crucial data transmission. Therefore, ensuring energy-efficient and fault-tolerant communication for OGI data is paramount. Critical data needs to reach the control center on time for faster actions to avoid loss. Low latency communication for critical data is another challenge of the OGI monitoring environment. Moreover, IoT devices gather a plethora of OGI parameter data including redundant values that hold no relevance for transmission to the control center. Thus, optimizing data transmission is essential to conserve energy in OGI monitoring. This article presents the Priority-Based, Energy-Efficient, and Optimal Data Routing Protocol (PO-IMRP) to tackle these challenges. The energy model and congestion control mechanism optimize data packets for an energy-efficient and congestion-free network. In PO-IMRP, nodes are aware of their energy status and communicate node's depletion status timely for network robustness. Priority-based routing selects low-latency routes for critical data to avoid OGI losses. Comparative analysis against linear LEACH highlights PO-IMRP's superior performance in terms of total packet transmission by completing fewer rounds with more packet's transmissions, attributed to the packet optimization technique implemented at each hop, which helps mitigate network congestion. MATLAB simulations affirm the effectiveness of the protocol in terms of energy efficiency, fault-tolerance, and low latency communication.