How does CSR mediate the relationship between culture, religiosity and firm performance?

Ahmed Hunjra (), Sabri Boubaker, Murugesh Arunachalam and Asad Mehmood

Finance Research Letters, 2021, vol. 39, issue C

Abstract: This paper examines the mediating role of corporate social responsibility (CSR) in the relationship between culture, religiosity and firm performance. It collects data through a questionnaire answered by 189 Pakistani corporate managers. The confirmatory factor analysis (CFA) approach was conducted to validate the instrument and Structural Equation Model (SEM) is used to test a framework comprising seven hypotheses. The results indicate that the effects arising from the association between religiosity, culture and firm performance are enhanced by the mediating impacts of CSR. It provides new insights on CSR literature by incorporating the religious and cultural orientations of corporate managers.

Keywords: Corporate social responsibility; Culture; Religiosity; Firm performance (search for similar items in EconPapers)
JEL-codes: L25 M14 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:39:y:2021:i:c:s1544612319314552

DOI: 10.1016/j.frl.2020.101587

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