Governance and corporate social responsibility

Abstract

For many years, corporate social responsibility (CSR) and corporate governance (CG) have been significant academic 
topics. In financial literature, the link between CSR, risk, and corporate financial performance (CFP) has been examined 
alongside the relationship between CG and CSR. CG has been examined as a prerequisite or an element of CSR in a 
number of earlier research (Jamali et al. 2008; Roshima et al. 2009; García-Sánchez et al. 2015). Conflicting data is 
reported in a significant number of these research looking at the relationships between CSR, CFP, and risk (Becchetti 
and Ciciretti 2009).