| Constructs | Variables | Measurement/Description |
| Independent Variables | ||
| Corporate Governance (CG) | Board size (BS) | Number of directors on board |
| Board meeting frequency (BMF) | Number of annual board meetings | |
| Audit committee size (AUCS) | Number of directors on audit committee | |
| Ownership concentration (OWNCON) | Percentage of total shares outstanding of largest shareholders (owning more than 10% of firm shares) | |
| Dependent Variables | ||
| Corporate Performance (CP) | Operational performance (ROA) | Net Income/Total Assets |
| Financial performance (ROE) | Net Income/Shareholders’ Equity | |
| Market performance (Tobin’s Q) | (Market value of Equity/Book Value of Equity | |
| Mediating Variables | ||
| Corporate Social Responsibility (CSR) | CSRDI | Ratio of no. of CSR items disclosed by a company in a given year in annual reports/CSR disclosure report to the total CSR items. |
| Control Variables | ||
|
| Company’s Size (LnSize) | Measured by Natural log of Total Assets |
|
| Company’s Financial Leverage (FLEV) | Measured by Total Liabilities/Total Equity |
|
| Company’s Age (LnAge) | The number of years since incorporation. |