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The Relationship Between CSR, Corporate Governance, and Firm Performance: Evidence From Moroccan Listed Firms

The Relationship Between CSR, Corporate Governance, and Firm Performance: Evidence From Moroccan Listed Firms
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Author(s): Souhaila Kammoun (IHEC, CODECI, University of Sfax, Tunisia), Sahar Loukil (University of Sfax, Tunisia), Youssra Ben Romdhane (University of Sfax, Tunisia)and Abdelmajid Ibenrissoul (ENCG, University Hassen II, Casablanca, Morocco)
Copyright: 2020
Pages: 16
Source title: Conceptual and Theoretical Approaches to Corporate Social Responsibility, Entrepreneurial Orientation, and Financial Performance
Source Author(s)/Editor(s): Inna Sousa Paiva (Business Research Unit, Instituto Universitário de Lisboa, Portugal)and Luísa Cagica Carvalho (Polytechnic Institute of Setubal, Portugal & CEFAGE, University of Évora, Portugal)
DOI: 10.4018/978-1-7998-2128-1.ch015

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Abstract

Research has been conducted to extend our understanding of CSR by revealing CG mechanism antecedent effects on firm social engagements. In spite of this, few studies aimed to understand the impact of the performance of those mechanisms on CSR. To our knowledge, our study is the first to measure CG performance and its role in the expansion of CSR in an emerging country. We also analyze some component of firm performance that could potentially affect a firm's social commitment. Using a data survey questionnaire consisting of 37 items assessing CSR engagement measured by a self- constructed index and firm level data of 76 listed Moroccan firms, empirical results underline the impact of corporate governance performance and firm's performance on CSR. These results suggest that governance mechanism performance and firm performance are principal drivers of CSR particularly for big business. Debts have shown a reducing effect. Thus, our study of CSR commitment index allows for a clearer and more robust assessment of CG on Moroccan firm CSR activities.

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