The pressure on companies to carry out CSR efforts has gained impetus in current times, as a way of sustaining a competitive advantage in business. A high level of involvement in CSR practice does not only improve the financial performance of companies, it also attracts a positive response from institutional investors. Although the number of studies on CSR is high, an empirical examination on the relationship between CSR disclosure on financial performance and institutional investor in the Malaysian context is limited. The lack of empirical studies on this issue could be one of the factors explaining why Malaysian PLCs are less concerned or involved in promoting their CSR activities. Therefore, this study looks towards filling the gap on CSR disclosure and its impacts on financial performance and institutional ownership in the Malaysian PLCs as an emerging market setting.