“…This study is expected to contribute to the literature in the following ways. First, prior corporate governance and CSR research in the healthcare sector has been focused on a sub‐sector, which includes public hospitals, 1 nonprofit hospitals (Brickley et al, 2010; Cardinaels, 2009; Eeckloo et al, 2004; Robbins & Taylor, 2014; Rohini & Mahadevappa, 2010), primary healthcare organizations (King & Green, 2012), and pharmaceutical companies (Droppert & Bennett, 2015; Nussbaum, 2009; Smith, 2008), or has been realized in a single country (AlJaberi et al, 2020; Jamali et al, 2010; Khan et al, 2018; King & Green, 2012; Limbu et al, 2020; Robbins & Taylor, 2014; Torchia & Calabrò, 2018; Tuan, 2012; Tuan, 2014; Yadav et al, 2020). Although these studies provide valuable insights into the existing body of knowledge, their findings are bounded by a specific sub‐sector or country.…”