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129341

Corporate Governance, Environmental and Social Responsibility and Firm Performance: Evidence from Egypt

Article

Last updated: 22 Jan 2023

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Abstract

This research examines the impact of corporate governance on firm performance, as well as it examines the indirect relationship through mediating environmental social responsibility between the corporate governance and firm performance. Panel data regression was performed on a sample of 66 non -financial firms in Egypt during the period from 2010-2018. The model parameters were estimated using generalized least square regression. Six corporate governance indicators (Ownership concentration, Female directorship, Role Duality, Board independence, Board size and Audit reputation) were chosen in testing the hypothesized relationship between corporate governance practices with firm performance, which was measured by return on asset, return on equity and Tobin's q. Moreover, environmental social responsibility factor is measured using the S&P/EGX ESG ratings Published index. The results show that environmental social responsibility partially mediates the relationship between audit reputation, role duality and ownership concentration with return on asset. Moreover, the results show that environmental social responsibility fully mediate the relationship between role duality and return on equity. On the other hand, the results show environmental social responsibility doesn't mediate the relationship between corporate governance and Tobin's q.

DOI

10.21608/cfdj.2020.129341

Keywords

Corporate Governance, Environmental Social Responsibility, firm performance, Tobin's q and Egypt

Authors

First Name

محمد

Last Name

الهنداوي

MiddleName

-

Affiliation

Professor of Business Administration Faculty of Commerce - Damietta University

Email

hendmarkeg@yahoo.com

City

المنصورة

Orcid

-

First Name

Amir

Last Name

Shousha

MiddleName

-

Affiliation

Faculty of commerce, Damietta University

Email

-

City

-

Orcid

-

First Name

Ahmed

Last Name

Rady

MiddleName

-

Affiliation

PHD. Researcher of Business Administration

Email

mo_mo_19@hotmail.com

City

-

Orcid

-

Volume

2

Article Issue

العدد الأول - الجزء الأول

Related Issue

19258

Issue Date

2021-01-01

Receive Date

2020-08-05

Publish Date

2021-01-01

Page Start

455

Page End

526

Print ISSN

2682-3403

Online ISSN

2682-4531

Link

https://cfdj.journals.ekb.eg/article_129341.html

Detail API

https://cfdj.journals.ekb.eg/service?article_code=129341

Order

15

Type

المقالة الأصلية

Type Code

1,242

Publication Type

Journal

Publication Title

المجلة العلمية للدراسات والبحوث المالية والتجارية

Publication Link

https://cfdj.journals.ekb.eg/

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Details

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Article

Created At

22 Jan 2023