How TMT Knowledge Background Affects Corporate Social Responsibility and Firm Financial Performance?

The purpose of this study is to investigate the coupling relationship between corporate social responsibility (CSR) and firm financial performance, consider top management team (TMT) knowledge background as moderators. Most existing studies focus on one-way impact CSR performance. A few mention them. TMT reflects leadership in organization which significantly impacts strategy company. With concern, explores relationships among these three factors identified by an empirical study, using panel data Chinese A-share listed companies from 2014 2019. 3SLS regression results show that performance do have relationship. And has lag effect CSR. Function stands out be a moderator Education could also affect view, sustainable development becoming trend, making profits taking responsibilities are both important. structure should improved recruit experienced members help set for It conforms reform specification labor China. Upgrading education degree makes sense growth. Suggestions promoting given.