ARCHIVES
VOL. 11, ISSUE 9 (2025)
CSR as A governance Mechanism: Evidence from emerging economies
Authors
Ankita Garg
Abstract
Corporate social responsibility (CSR) has
evolved from a philanthropic add-on into a core component of corporate governance,
especially in emerging economies where institutional gaps and stakeholder
pressures differ markedly from developed markets. This paper presents a
systematic literature review of how CSR functions as a governance mechanism in
emerging economies. Synthesizing theoretical perspectives (stakeholder theory,
agency theory, resource dependence) and empirical studies, the review finds
that CSR enhances accountability, mitigates agency problems, strengthens
stakeholder relations, and can improve firm reputation and access to resources.
However, effectiveness varies by institutional quality, regulatory enforcement,
and firm motives—whether symbolic or strategic. The review identifies
measurement challenges and research gaps, and offers practical implications for
policymakers and managers seeking to embed CSR within governance frameworks.
Download
Pages:41-45
How to cite this article:
Ankita Garg "CSR as A governance Mechanism: Evidence from emerging economies". International Journal of Commerce and Management Research, Vol 11, Issue 9, 2025, Pages 41-45
Download Author Certificate
Please enter the email address corresponding to this article submission to download your certificate.