CORPORATE GOVERNANCE, CORPORATE SOCIAL RESPONSIBILITY AND CORPORATE SOCIAL PERFORMANCE

This paper is aimed to add a glance at the development of corporate governance in Israel and the legal amendment acted to facilitate the adoption of corporate social performance (CSP) among firms and corporation. Scholars have challenged to understand what constitutes corporate social performance (CSP) and establishing the numerous internal and external factors affecting firm behavior (Karassin and Bar-Haim, 2016). In this regard, the link between corporate governance and corporate social performance is well known it the literature. However, a fundamental gap exists in our knowledge of what specifically drives CSP and the role of institutional structures in influencing CSP at the level of the firm. The interrelationship between corporate governance and social corporate performance in Israel discussed with regard to the legislative amendments.