Background: The application of Corporate Social Responsibility has received increasedattention over recent years and that the complexity of corporate social responsibility, alongwith its complicated factors are relevant to be understood. Empirical literature has studied therelationship between corporate social responsibility and financial performance with differentmethodologies, where the authors believe to be able to contribute through the examination inemerging markets compared to advanced economies.Purpose: The aim of the thesis is to examine the relationship between Corporate SocialResponsibility (CSR) and financial performance (FP) in an industrial and country context ofemerging markets in Southeast Asia.Method: The method utilizes an unbalanced panel regression model with a deductiveapproach. The thesis hypothesis has been constructed by the help of a compilation ofempirical literature regarding the emerging markets used in the study. In addition to it beingrelated to globalization, regulation and society. Based on empirical evidence, firm size,financial risk and leverage ratio are implemented as control variables.Conclusion: The findings of this study indicate that there are effects between firms operatingin different emerging markets and industries. The results indicate that the association betweenCSR and FP, yields a significant relationship when the financial measurement is ROA.Furthermore, insignificant with Tobin’s Q and significant given that globalization and tradehave a significant effect on the ESG measurements.ii