Corporate governance and corporate social responsibility synergies: evidence from New Zealand
ISSN: 2049-372X
Article publication date: 10 September 2020
Issue publication date: 5 April 2021
Abstract
Purpose
This paper aims to provide exploratory evidence on corporate governance (CG) and corporate social responsibility (CSR) interfaces. Although there remains a voluminous literature on CG and CSR, very little effort has been put forward to explore the nature of this relationship.
Design/methodology/approach
Using interviews with Senior Executives of New Zealand Stock Exchange listed firms, this research assesses CG and CSR practices, identifies barriers for CG and CSR adoption and investigates the nature of the relationship between CG and CSR.
Findings
The results indicate a moderate level of CG and CSR practices, with a lack of resources and cost-time balance as common barriers for CG and CSR adoption. However, despite these barriers, we note that the majority of executives appreciate the increasing convergence between CG and CSR, and believe that a more robust CG framework will lead to more sustainable CSR practices.
Originality/value
These findings have important implications for managers and policymakers interested in understanding the CG-CSR nexus and promoting responsible business practices.
Keywords
Citation
Zaman, R., Nadeem, M. and Carvajal, M. (2021), "Corporate governance and corporate social responsibility synergies: evidence from New Zealand", Meditari Accountancy Research, Vol. 29 No. 1, pp. 135-160. https://doi.org/10.1108/MEDAR-12-2019-0649
Publisher
:Emerald Publishing Limited
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