Does corporate reputation play a mediating role in the association between manufacturing companies' corporate social responsibility (CSR) and financial performance?

Abstract

<abstract> <p>The main objective of this research was to analyze the variable of corporate reputation as a mediating variable to determine the relationship between corporate social responsibility and financial performance. Simple random sampling was used in the study to obtain 300 respondents from Bangladeshi manufacturing companies. Statistical Package for the Social Sciences (SPSS) 23.0 was used to analyze the data. To evaluate the hypotheses in this study, structural equation modeling (SEM) was used. The results demonstrated that corporate social responsibility positively influences corporate reputation and financial performance, while corporate reputation is statistically significant for financial performance. Environmental contribution, philanthropic responsibility, legal responsibility, ethical responsibility, economic responsibility and social responsibility are listed in order of significance as corporate social responsibility factors. It was determined how corporate reputation influences the link between corporate social responsibility and financial performance. However, it may be logical to conclude that there is a considerable correlation between corporate social responsibility and financial performance based on the data analysis. The results of corporate social responsibility practices in manufacturing organizations in developing nations, particularly Bangladesh, have significant consequences for businesses, entrepreneurs, communities, researchers and policymakers in understanding the outcomes of sustainability. The conclusion has drawn implications for sustainability practice and future research.</p> </abstract>

The Impact of Capital Structure on the Performance of Serbian Manufacturing Companies: Application of Agency Cost Theory

“…As the main engine of national economic development, industrial enterprises generate high GDP growth while causing numerous negative impacts for the ecological environment [77]. Corporate social responsibility is seen as necessary to enable businesses to satisfy the demands of changing times and achieve sustainable growth [78] (p. 243). In this competitive world, every nation tries to acquire sustainable economic solvency.…”

Does green technology transformation alleviate corporate financial constraints? Evidence from Chinese listed firms

“…At the micro level, many enterprises are gradually beginning green transformation and engaging in green finance; thus, green transformation may also affect corporate finance. Enterprises’ contributions to environmental protection play a vital role in corporate social responsibility and positively impact corporate reputation and financial performance [ 46 ]. Additionally, Huang et al (2023) explore the effects of corporate size, degree of internationalization, profits, and competitiveness on the degree of engagement in green finance and find that corporate size is positively related to the degree of engagement in green finance [ 47 ].…”

“…Compared to other green financial instruments, green credit, and bonds are more widely used by enterprises; however, these instruments can significantly increase the debt financing scale [ 72 , 73 ]. Moreover, green technology transformation can enhance corporate reputation [ 46 ], which may affect business credit.…”

Does corporate social responsibility drive financial performance? Exploring the significance of green innovation, green dynamic capabilities, and perceived environmental volatility

“…By analyzing the data from 490 Chinese manufacturing firms, Luo et al (2022) concluded that CSR fosters sustainable financial performance. Jing et al (2023) examined the CSR and financial performance nexus with 300 respondents from Bangladesh manufacturing firms. Their findings demonstrated a positive link between these two variables.…”