The role of corporate governance and reputation in the disclosure of corporate social responsibility and firm performance

Faiza Siddiqui; Kong YuSheng; Kayhan Tajeddini

doi:10.1016/j.heliyon.2023.e16055

The role of corporate governance and reputation in the disclosure of corporate social responsibility and firm performance

Heliyon. 2023 May 5;9(5):e16055. doi: 10.1016/j.heliyon.2023.e16055. eCollection 2023 May.

Authors

Faiza Siddiqui¹, Kong YuSheng¹, Kayhan Tajeddini^{2

3}

Affiliations

¹ School of Finance and Economics, Jiangsu University, China.
² Sheffield Business School, Service Sector Management, Sheffield Hallam University, UK.
³ Institute for International Strategy, Tokyo International University, Tokyo, Japan.

Abstract

This aim of this research is to examine the role of Corporate Governance and Corporate Reputation (CR) in the disclosure of Corporate Social Responsibility (CSRD) and firm performance. A moderating - mediation model addresses this research objective based on 3588 observations from 833 firms from 31 countries between 2005 and 2011. Significant effect of CSRD on CR was observed, especially contributing to firm performance. The results verified a moderate effect of "corporate governance" on "CSRD" and CR. The study also demonstrated how CEO integrity, ownership concentration, and CR contribute to fostering CSRD and firm performance. This paper also discusses about the theoretical contributions and practical implications of the study.

Keywords: CEO integrity; Corporate reputation; Corporate social responsibility disclosure; Firm performance; Ownership concentration.