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The mediating role of corporate governance and corporate image on the CSR-FP link

Hossain, M.M., Alamgir, M. and Alam, M. (2016) The mediating role of corporate governance and corporate image on the CSR-FP link. Journal of General Management, 41 (3). pp. 33-51.

Abstract

This study advances research on CSR through investigating the CSR-firm financial performance (FP) link. It develops a model based on legitimacy and institutional theories and considers two important intervening variables – corporate governance and corporate image. The CSR practices are supposed to affect the corporate governance codes and principles in different contexts, especially in developing countries. Empirical results, based on a sample of 155 firms in a developing country, support the link between CSR and FP; however, the effect is indirect while corporate governance and corporate image fully mediate this link. The findings indicate that the CSR engagements help better governance practice and improve corporate image through establishing good internal controls and monitoring that ultimately enhance financial performance. The implications are valuable for academics, managers, and policy makers who are interested to measure the impact of intervening variables on the CSR-FP relationship.

Publication Type: Journal Article
Murdoch Affiliation: School of Management and Governance
Publisher: The Baybrooke Press
URI: http://researchrepository.murdoch.edu.au/id/eprint/31878
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