THE EMBEDDEDNESS OF HIGH QUALITY SUSTAINABLE CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE GOVERNANCE

Authors : Mustafa AVCIN, Hasret BALCIOĞLU

Pages : 44-63

View : 17 | Download : 25

Publication Date : 2023-08-04

Article Type : Research Paper

Abstract :A model of corporate governance framework is constructed that may help businesses to create social value as well as financial value and an opportunity for researchers to measure and predict social value and financial value of businesses in the future. This model is only the first model employing the core dimensions of the Competing Values Framework that help identify ways in improving organisations performance, corporate value and corporate legality which addresses all stakeholders and shareholders needs and expectations under laws and regulations. The model contribute to our understanding of the embeddedness of high quality Corporate Social Responsibility and Corporate Governance that include orientation in Control, Compete, Create and Collaborate and corporate governance regulations that include orientation in Board of Directors and Managerial Incentives, Capital Structure Provisions and Control Systems, Laws and Regulations, and Capital Markets by considering all stakeholders and interact with the political environment. In short, the model span almost every attribute for corporates to establish effective and efficient governance system in terms of the modern legal environment. The study examines how embeddedness of high quality corporate social responsibility and corporate governance may help for better creation of a corporate culture that affects company performance and the society.
Keywords : Corporate Social Responsibility, Corporate Governance, Social Value, Stakeholders, Competing Values Framework