Good corporate governance can play a significant role for the company’s financial sustainability and share price. Over the last few decades, administrators, researchers, and educators constantly focused on the role of corporate governance. However, studies that have been emphasized on the relationship between corporate governance, financial sustainability, and shareholder value are scant. The main purpose of this study is examined good corporate governance and financial sustainability are predictor variables that helps companies to maximize share price in food & beverage sector in Saudi Stock Exchange. The data was collected from annual reports, DataStream and Saudi Stock Exchange (Tadawul). This study employs balanced panel data and statistical techniques like descriptive statistics, correlation matrix, pooled ordinary least square and mediation techniques (Baron & Kenny and Bootstrap Approach) was tested. The results reveal that financial sustainability mediates the relationship between corporate governance (board size) and shareholder value (share price) of companies in Saudi Arabia. This study contributes by adding mediator financial sustainability between board size and share price in a developing market with particular reference to food & beverage sector in Saudi Stock Exchange.

Corporate Social Responsibility (CSR) is an imperative product or service strategy established to maintain a competitive advantage. CSR has accomplished a broader recognition and a more vigorous acceptance in corporate practices as well as in the academic literature. It is evident that CSR is an ever-expanding, wide area of research and practice. Companies engage in CSR practices to fulfil the expectations of stakeholders and to build healthy relationships with them. The current study employed pooling regression analysis to 36 listed companies in Pakistan Stock Exchange (PSX) from 2009 to 2018. The research has found that the CSR disclosure derives to enhance shareholder value. Likewise, CSR disclosure has a positive significant effect on shareholder value. The proposed study has value for Pakistani government, stock exchange, shareholders, and policy makers by highlighting the distinct impact on shareholder value and its relation with corporate social responsibility disclosure.

No abstract