The Mediating Effect of Corporate Social Responsibility and Corporate Accountability in the Relationship between Corporate Governance and Value-Based Financial Performance of Banks

This study aims to underscore the mediating effect of corporate social responsibility (CSR) and corporate accountability (CAcc) in the relationship between corporate governance (CG) and value-based financial performance (VBFP) of banks listed on Ghana Stoch Exchange (GSE). The multiple regression mo...

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Bibliographic Details
Published in:International journal of business 2023-03, Vol.28 (2), p.1-36
Main Authors: Apreku-Djan, Paul Kwasi, Ayittah, Samuel Kwabena, Apreku, Isaac Kofi Oppong, Ameyaw, Francis, Opare, Edmund Amponsah
Format: Article
Language:English
Subjects:
Accountability
Accounting
Bank management
Banking industry
Banks
Banks (Finance)
Corporate governance
Corporate social responsibility
Earnings per share
Economic value added
Financial institutions
Fraud
Mediation
Return on assets
Securities industry
Social aspects
Social responsibility
Stockholders
Sustainable development
Value creation
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Summary:This study aims to underscore the mediating effect of corporate social responsibility (CSR) and corporate accountability (CAcc) in the relationship between corporate governance (CG) and value-based financial performance (VBFP) of banks listed on Ghana Stoch Exchange (GSE). The multiple regression model was useful in showing linear sensitivity between CG, CSR, CAcc and VBFP. The hypothesised mediation model was estimated using Hayes and Preacher's (2014) indirect SPSS macro, which provides bootstrap estimates with bias corrected (BC) confidence intervals of the indirect effects of CG on VBFP through the proposed mediators (CSR and CAcc). The findings of the study revealed that CG, CSR and CAcc positively and significantly affect VBFP (proxied by EVA, MVA and CVA) of banks in Ghana. The findings also indicate that CSR and CAcc mediate the relationship between CG and VBFP. Based on the findings of this study, theoretical and managerial implications are also proposed.
ISSN:1083-4346
DOI:10.55802/IJB.028(2).003