Effects of Corporate Ownership and Board Structure on Corporate Social Responsibility and Financial Performance.

This study found: (1) ownership by corporate insiders was positively associate with corporate social responsibility (CSR) and company financial performance (CEP), (2) the percentage of outside directors was positively associated with CEP and external CSR issues, (3) institutional ownership was negatively associated with CSR and CFP, and (4) CSR was positively associated with CFP.