The Mediating effect of Corporate Social Responsibility and Dividend Policy on the Effect of Corporate Governance Mechanism on Firm Value among Publicly Listed Companies in the Philippines
Mia B. Bermundo1, Rodiel C. Ferrer2, Franklin Ramirez3
1Mia B. Bermundo, De La Salle University, Manila, Philippines.
2Rodiel C. Ferrer, De La Salle University, Manila, Philippines.
3Franklin Ramirez, Student, Department of Bio-Engineering, Genetic Engineering, Philippine Accountancy and Science College, Manila Philippines.
Manuscript received on 16 August 2019 | Revised Manuscript received on 28 August 2019 | Manuscript Published on 06 September 2019 | PP: 602-605 | Volume-8 Issue- 6S, August 2019 | Retrieval Number: F11210886S19/19©BEIESP | DOI: 10.35940/ijeat.F1121.0886S19
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Abstract: Corporate social obligation has become an vital part of commercial company exercise during the last decade or so. In fact, many businesses dedicate a phase of their annual reports and company internet web sites to CSR activities, illustrating the importance they attach to such sports. On the opposite hand, Good company governance exercise has a number of observable outcomes on economic results of the company. Corporate governance recommendations are strongly associated with income quality or the quantity to which the firm’s disclosed economic basic performance reflects its right performance. This have a look at investigates in the main the mediating effect of Corporate Social Responsibility and Dividend Policy on the impact of corporate governance mechanism on firm value amongst publicly listed organizations inside the Philippines. It examined forty seven publicly indexed businesses inside the Philippines for a four-yr period from 2013 to 2016. A structural equation modeling (SEM) approach changed into used for the evaluation. Results show that Corporate Social Responsibility does not act as a mediating variable with regards to company governance mechanisms to firm rate. It manner that CSR does now not act as a variable so one can give a boost to corporation governance mechanisms that during developing the charge of the commercial enterprise corporation. Also, dividend coverage does no longer act as mediating variable at the effect of enterprise governance mechanisms on company value. Finally, the end result confirmed that there is a terrible but large effect of dividend price on business enterprise value.
Keywords: Corporate Social Responsibility, Dividend Policy, Corporate Governance, Firm Value.
Scope of the Article: Social Networks