Mediating Effect of Corporate Social Responsibility between Corporate Governance and Firm Performance

Purpose: This study examines the link between corporate governance, corporate social responsibility, and firm performance with a specific focus of non-financial firms of developed and emerging countries. Design/Methodology/approach: A quantitative approach is used for this study. 2667 non-financial firms are taken as sample from developed and emerging countries. The targeted period for the study is 2005-2021. For the variable; Corporate Social Responsibility (CSR) data is collected from Refinitiv database and the remaining variables are collected from DataStream. GMM is used to investigate the link among variables by applying STATA-14. Practical Implication: This study also analyze the mediating role of CSR between corporate governance and the performance of the firm. With the help of defined relationship owners, directors, and policymakers may re-think their strategies. Originality/value: CSR is a real value in this research that how it works between the corporate governance and the firm performance. Furthermore, this research investigates the link in-depth among developed and developing countries.