An analysis of Corporate Social Responsibility and Financial Performance
with Moderating Role of Perceived Corruption: Evidence from Pakistan and
Thailand
Abstract
Abstract
Given the mixed findings on the direct relationship between corporate
social responsibility (CSR) and financial performance, researchers have
strived to determine whether the relationship is context-dependent. This
study examines whether perceived corruption measures such as
institutional quality and law enforcement (IQLE) and internal compliance
and ethical management (ICEM) moderate the relationship between CSR and
financial performance by applying the corruption framework. The findings
revealed that IQLE has a negative moderating impact on the positive
relationship between CSR and financial performance. This study also
discovered that ICEM, as a moderator, helps to strengthen the positive
relationship between CSR and financial performance.