Volume 28 Number 2, 2023

The Mediating Effect of Corporate Social Responsibility and Corporate Accountability in the Relationship between Corporate Governance and Value-Based Financial Performance of Banks

Paul Kwasi Apreku-Djan^a*, Samuel Kwabena Ayittah^b, Isaac Kofi Oppong Apreku^c, Francis Ameyaw^d, Edmund Amponsah Opare^e
a Department of Accountancy, Koforidua Technical University, Ghana
apreku-djan.kwasi@ktu.edu.gh 
paulaprekudjan78@gmail.com
^b Department of Marketing, Koforidua Technical University, Ghana
Kayittah.samuel@ktu.edu.gh  
^c Anvil Company Limited, Ghana
fiifiapreku@gmail.com 
^d Department of Accountancy, Koforidua Technical University, Ghana
ameyaw.francis@ktu.edu.gh
^e Fund Administration & Reporting Manager, CalBank PLC, Ghana
eopare@calbank.net

ABSTRACT

This study aims to underscore the mediating effect of corporate social responsibility (CSR) and corporate accountability (CAcc) in the relationship between corporate governance (CG) and value-based financial performance (VBFP) of banks listed on Ghana Stoch Exchange (GSE). The multiple regression model was useful in showing linear sensitivity between CG, CSR, CAcc and VBFP. The hypothesised mediation model was estimated using Hayes and Preacher’s (2014) indirect SPSS macro, which provides bootstrap estimates with bias corrected (BC) confidence intervals of the indirect effects of CG on VBFP through the proposed mediators (CSR and CAcc). The findings of the study revealed that CG, CSR and CAcc positively and significantly affect VBFP (proxied by EVA, MVA and CVA) of banks in Ghana. The findings also indicate that CSR and CAcc mediate the relationship between CG and VBFP. Based on the findings of this study, theoretical and managerial implications are also proposed.

JEL Classification: G3, G210

Keywords: value-based financial performance, corporate governance, corporate accountability, corporate social responsibility

Cite this article: 

Apreku-Djan, P.K., Ayittah, S.K., Apreku, I.K.O., Ameyaw, F., and Opare, E.A., 2023, The Mediating Effect of Corporate Social Responsibility and Corporate Accountability in the Relationship between Corporate Governance and Value-Based Financial Performance of Banks, International Journal of Business, 28(2), 003. https://doi.org/10.55802/IJB.028(2).003