What question did this study set out to answer?

To examine how corporate social responsibility affects firm performance through mediators like green dynamic capabilities and environmental strategy.

Exploring Corporate Social Responsibility in the Context of Green Dynamic Capabilities, Responsible Innovation, and Environmental Strategy to Attain Business Excellence

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This research demonstrates how stakeholder theory influences CSR’s impact on firm performance through mediation by dynamic capabilities.

To examine how corporate social responsibility affects firm performance through mediators like green dynamic capabilities and environmental strategy.
Analyzed time-lagged data from 310 randomly selected manufacturing firms.
Utilized structural equation modeling for analysis.
Investigated the mediating roles of green dynamic capabilities and responsible innovation.
Corporate social responsibility does not have a direct impact on firm performance.
Green dynamic capabilities, responsible innovation, and environmental strategy significantly mediate this relationship.

Aftab et al. (2026) studied this question.

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This research demonstrates how stakeholder theory influences CSR’s impact on firm performance through mediation by dynamic capabilities.