Innovative Insights into Corporate Social Responsibility Dynamics

Abstract

Corporate social responsibility and corporate performance perspectives have been focal area of interest for the researchers; and as such; it has been well explored in the literature in the recent decade (Saeidi et al., 2014). Owing to the contradictory results reported by the earlier literature; Ansong and Agyemang (2017) concluded that the reason for the conflicting results is the ignorance of some relevent mediating variables. Blasi et al. (2018) stated that the association of CSR and corporate performance is still unconcluded. As a first attempt Bitar and Belnemlih (2016) captured any possible association between CSR and investment efficiency. Moreover, CSR and Financial distress have been explored in isolation. So, there is a need to explore the relationship of CSR with Financial Distress and Financial Performance by taking into consideration the mediating role of Information Asymmetry, Agency Cost and Investment Inefficiency.