تلخیص
For the past twenty years, researchers have extensively debated the
determinants of good corporate governance practices and relationship
between corporate governance and firm performance. Nevertheless,
relationship between corporate governance and corporate social
responsibility has received minimal attention in the extant literature.
This study thus seeks to fill this dearth by examining the relationship
between corporate governance mechanisms and CSR using a sample of
247 US based firms for the period 2007-2011. Using a random-effects
panel data model, we find that firms with strong internal corporate
governance characteristics – compliant with the corporate governance
code – are likely to invest more in their CSR activities. We conclude
based on the paper’s findings that, larger firms tend to care more
about their external market reputation relative to small firms; whilst
the former’s CSR investment is also likely to have a significant positive
association with their corporate image. In addition, larger firms tend
to have more resources compared to small and medium firms, in terms
of capital and talent; and hence they are capable of making huge
investments in CSR activities.
Syed Umar Farooq, Subhan Ullah, Danson Kimani. (2015) The Relationship between Corporate Governance and Corporate Social Responsibility (CSR) Disclosure: Evidence from the USA, Abasyn Journal of Social Sciences, Volume-08, Issue-2.
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