3. Data and methodology
3.1 Research model
The research model developed for the present paper is depicted in Figure 1. The main
setting is designed for exploring the relationship among IC, CG and CSR. Therefore, these
three constructs are examined directly in which their statistical relation is evaluated among
themselves and indirectly in which their possible effects are examined onto firms’
unsystematic factors such as cash flow, short-term solvency, long-term solvency,
profitability and asset utilization.