Influence of Corporate Governance on Firm Value: Sequential Mediating Role of CSR and Organizational Identification
IUP Journal of Corporate Governance
; 21(4):62-76, 2022.
Article
in English
| ProQuest Central | ID: covidwho-2232093
ABSTRACT
Corporate Governance (CoGv) has gained significance with an increase in the number of enterprises and has evolved with several prescriptions from scholars and broader audiences (shareholders and stakeholders). Another reason for this growing significance can be attributed to the pressing social and environmental concerns that these enterprises share. This study focuses on Small and Medium Enterprises (SMEs) in India. It proposes a conceptual model and attempts to provide insight into the role of corporate governance in enhancing Firm Value (FV). Some studies have established a positive relationship between these two variables. However, this relationship can be further enhanced by variables such as Corporate Social Responsibility (CSR) and Organizational Identification (OI). The proposed conceptual model has been empirically tested to check whether these variables have contributed to enhancing FV. The study uses Partial Least Squares-Structural Equation Modeling (PLS-SEM) along with SmartPLS. It provides empirical evidence on the mediating influence of CSR and OI and the mediating effect between CoGv and FV. Based on the findings, theoretical and managerial implications are also proposed.
Business And Economics--Management; Social responsibility; Brand loyalty; Annual reports; Identification; Stockholders; Employees; Society; Small & medium sized enterprises-SME; Corporate image; Corporate governance; Stakeholders; Coronaviruses; Influence; COVID-19; India; 92812:International Affairs
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Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
IUP Journal of Corporate Governance
Year:
2022
Document Type:
Article
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