#4881. CSR in developing countries – the importance of good governance and economic growth: evidence from Africa

August 2026publication date
Proposal available till 02-06-2025
4 total number of authors per manuscript0 $

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Journal’s subject area:
Social Sciences (miscellaneous);
Business, Management and Accounting (all);
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Abstract:
The purpose of this study is to examine the effect of public governance and economic growth on corporate social responsibility (CSR) performance. It also assesses the trend of CSR performance in these countries over time. The multivariate regression model was used in testing the research questions/hypotheses. Robustness tests were performed to provide evidence to strengthen the findings of the study. Findings suggest that both good governance and economic growth are significantly positively associated with CSR performance. However, while good governance has a relatively substantial effect size, economic growth has a small effect size. Findings have implications for studies on CSR performance that fail to consider the socio-political and socio-economic level of development as contextual variables in the research design. Prior studies on CSR have focused majorly on CSR performance–corporate financial performance relationship. Furthermore, there are several calls in the literature for research for a new direction on CSR in the context of developing countries.
Keywords:
Corporate social responsibility performance; Economic growth; Effect size; Good governance

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