The outcome of existing studies on the influence of corporate social responsibility (CSR) initiatives on firm performance remains inconclusive though several studies to amplify the impact of CSR activities are well documented. We conducted an extensive review to detect if there are conceivable methodological errors, societal performance, and corporate performance. The analysis reveals a clearer understanding of the relationship between business performance and CSR effect. Our results attest to the inconclusiveness of CSR and firm performance shown by other scholars. An objective selection criterion was used in selecting the papers reviewed as a result of the inconsistencies associated with the methodologies of some previous studies. These inconsistencies can actually affect how firms can really internalize CSR activities so as to be able to take advantage of it. The authors also recommend future studies on the study of business case for CSR and its determinants.

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The aim of this research was to establish the nexus between liquidity and the viability of quoted non-financial establishments in Ghana. Panel data deduced from the published annual reports of 15 entities for the period 2008 to 2017 was employed for the study. Preliminarily, cross-sectional reliance, unit root, serial correlation, heteroscedasticity, co-integration, and causality tests were respectively performed. Our findings established that there exists no cross-sectional reliance, and input variables are stationary and co-integrated with no presence of heteroscedasticity and serial correlation. Estimates from the random effects generalized least squares (GLS) regression showed that liquidity has significant adverse effect on the firms’ Return on Equity (ROE) but had insignificantly positive effect on ROE when surrogated by the cash flow ratio. Finally, test based on causalities uncovered that, with the exception of Current Ratio and ROE that are flanked by bidirectional liaison, no other causal affiliation was evidenced amid other variables. Policy recommendations are further discussed.

This paper evaluates the impact of financial development on economic growth in a sample of 32 Sub‐Saharan Africa (SSA) countries. The countries were grouped into four sub‐regions, and data were collected for the period 1990–2016 on finance and growth indicators on an annual basis. In the estimation procedure, panel estimation and dynamic panel techniques were used. When the disaggregated components of financial development variables were used, findings, among others, reveal the role of credit to the private sector by banks (CPB) even though mixed, to have more impact on growth followed by broad money (BM) and liquidity liability (LL). However, an aggregated index of the financial development indicators via principal component analysis and their simultaneous interaction with human capital improvement brought about a greater positive impact on growth throughout the sub‐regions and the entire SSA.