IIMS Journal of Management Science
issue front

Ronald Ebenezer Essel1

First Published 12 Sep 2023. https://doi.org/10.1177/0976030X231187601
Article Information Volume 15, Issue 1 January 2024
Corresponding Author:

Ronald Ebenezer Essel, University of Cape Coast (UCC), College of Distance Education (CoDE), Unit of Business Programmes, University Post Office, Private Mail Bag (P.M.B.), Cape Coast, 03321, Ghana
Email: esselronald@yahoo.com

1 University of Cape Coast (UCC), College of Distance Education (CoDE), Unit of Business Programmes, Cape Coast, Ghana

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (http://www.creativecommons.org/licenses/by-nc/4.0/) which permits non-Commercial use, reproduction and distribution of the work without further permission provided the original work is attributed.

Abstract

This inquiry examined the moderating influence of board size, board independence, and board gender diversity on the association between corporate social responsibility (CSR) and firm performance (FP) in Ghana. It utilized data from audited financial statements of all 36 firms listed on the Ghana Stock Exchange, spanning 2010–2020. The study espoused system-GMM for the empirical estimation. Findings show that CSR demonstrated significantly positive relationship with FP, consistent with the stakeholder theory, which is aligned with Carroll’s four-factor-pyramid theory but inconsistent with the agency cost theory. Again, findings depict that all three board structure elements moderated the relationship between CSR and FP.

Keywords

Board size, board independence, board gender diversity, corporate social responsibility, firm performance

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