Publication Date: 2024/01/17
Abstract: The purpose of the paper is to review and critically analyse existing literature on the effect of corporate governance (CG) and corporate social responsibility (CSR) on firm performance. A rigorous electronic search of the Google Scholar engine was conducted using the application of Boolean logic to search for relevant articles from 2013–2023. The literature included peer reviewed journals for reliability, abstracts ,articles that studied the relationship between CG, CSR, and firm performance, and research papers that discussed the effect of either CG or CSR on performance. Findings established that the common CG variables employed by researchers are the size of the board, independence of the board, proportion of independent board members, and gender diversity in the board. Most researchers identified Tobin’s Q, Return on Assets (ROA), and Return on Equity (ROE) as the dimensions for firm performance. It was also found that the majority of the research done after 2013 has noted a significant positive effect of CG on performance. The research concluded that there is need to focus on the wholesome effect of CG on firm performance and therefore come up with a comprehensive CG index for emerging economies.
Keywords: Corporate Social Responsibility, CG, Firm Performance, Board Structure.
DOI: https://doi.org/10.5281/zenodo.10521669
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT24JAN133.pdf
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