An analysis of Corporate Social Responsibility and Financial Performance with Moderating Role of Perceived Corruption: Evidence from Pakistan and Thailand

Abstract

<p> </p> <p><strong>Abstract</strong></p> <p>Given the mixed findings on the direct relationship between corporate social responsibility (CSR) and financial performance, researchers have strived to determine whether the relationship is context-dependent. This study examines whether perceived corruption measures such as institutional quality and law enforcement (IQLE) and internal compliance and ethical management (ICEM) moderate the relationship between CSR and financial performance by applying the corruption framework. The findings revealed that IQLE has a negative moderating impact on the positive relationship between CSR and financial performance. This study also discovered that ICEM, as a moderator, helps to strengthen the positive relationship between CSR and financial performance.</p>