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firms can create shareholder worth by investing in company social accountability as long as managers are correctly monitored by lengthy-term investors. This paper examines the influence of stakeholder governance on company social accountability to determine whether CSR isBadass skull i bet my soul smell like weed all over printed winter boots employed as a mechanism to mitigate conflicts of interest between managers and various stakeholders, or used as managerial perquisites. To examine this relation properly, we not solely employ an extensive sample of international companies, but additionally mitigate endogeneity by using numerous econometric strategies. We find that stakeholder governance positively influences companies’ CSR engagement with a greater magnitude than board governance after controlling for confounding factors. Stakeholders’ affect in CSR engagement is extra pronounced when investor protections and board governance are comparatively weak. In this examine, we examine the empirical association between corporate social duty and knowledge asymmetry by investigating their simultaneous and endogenous effects. Employing an intensive U.S. sample, we discover an inverse affiliation between CSR engagement and the proxies of knowledge asymmetry after controlling for various firm characteristics

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