The linkages among intellectual capital, corporate governance and corporate social responsibility

Abstract

Purpose – The purpose of present study is to explore the linkages among Intellectual Capital (IC), Corporate Governance (CG) and Corporate Social Responsibility (CSR) through direct and indirect empirical inquiry. Design/methodology/approach – The main setting is designed for exploring the relationship among IC, CG and CSR. Therefore, these three constructs are examined directly in which their statistical relation is evaluated among themselves and indirectly in which their possible effects are examined onto firms’ unsystematic factors such as cash flow, short-term solvency, long-term solvency, profitability and asset utilization. Findings – Empirical investigation is conducted on manufacturing firms listed in Istanbul Stock Exchange from 2007 to 2011. Empirical results do support a positive relationship among these important constructs. Research limitations/implications – The empirical research is carried out in manufacturing firms only. Originality/value – IC, CG and CSR are three demanding research areas to study. This is the first attempt here to examine their possible linkages based on so-called direct and indirect empirical inquiries. The primary reason behind this attempt is that these concepts are assumed to be important for all stakeholders.

Board Structures dan Value-Added Intellectual Capital: Studi Kasus pada Industri Barang Konsumsi dan Perdagangan Indonesia

“…Pendelegasian otoritas decision-making oleh principal kepada agent adalah karena harapan principal adalah bahwa agent akan bekerja sesuai dengan kepentingannya (Bonazzi and Islam, 2007). Yang menjadi principal adalah shareholders, sedangkan yang menjadi agent adalah manager/manajemen perusahaan (Altuner et al, 2015;Bonazzi and Islam, 2007). Agency conflict terjadi ketika agent tidak melakukan pekerjaan sesuai dengan kepentingan serta tujuan principal.…”

“…Mekanisme corporate governance terdiri dari mekanisme eksternal dan internal (Altuner et al, 2015). Penelitian tersebut mengungkapkan bahwa mekanisme internal adalah mekanisme yang spesifik dan merupakan semua tindakan yang dilakukan oleh perusahaan untuk menerapkan control dan akuntanbilitas.…”

Identifying the Factors Influence Turkish Deposit Banks to Join Corporate Social Responsibility Activities by Using Panel Probit Method

“…After Tukey had financial stability, the popularity of CSR activities started to go up. In this context, Turkish Social Responsibility Association was founded in 2005 and this association became a member of Europe in 2008 (Altuner et. al., 2015).…”

Do Corporate Social Responsibility and Corporate Governance Influence Intellectual Capital Efficiency?

“…An overlooked aspect is that most of the research is geographically limited, and the empirical tests are performed on small samples with reference to a specific industry (e.g., References [15,[26][27][28][29][30][31][32][33]). Moreover, some studies adopt univariate tests (e.g., Reference [29]) or adopt cross-sectional data (e.g., Reference [28]) that impede causality examination, whereas other analyses minimize the reverse causality effects (e.g., Reference [15]). In the prior models, the explicative variables are mainly self-constructed through surveys administered to representatives of the sampled companies (e.g., References [15,28]), thus generating somewhat subjective analyses.…”

“…The latter can contribute to the development of IC not only through the management Sustainability 2019, 11, 1899 4 of 25 of human resources [15,57] but also through the ethics, transparency. and effectiveness of CG mechanisms, [29,31,32,50]. Indeed, prior literature has found that CG has a significant impact on internal CSR issues, such as employee conditions and the ethical aspects related to managerial and employee behavior [58,59].…”