1. Introduction
The present study examines the interrelated linkages among three concepts: Corporate
Governance (CG), Intellectual Capital (IC) and Corporate Social Responsibility (CSR).
There is an ongoing debate about each of these concepts for exploring their impact on
value, measurability and relevancy. In addition, there is a considerable research interest to
document the determinants of value addition process for an organization. Therefore, CG, IC
and/or CSR became challenging phenomena to study their linkages with value. In the same
manner, their linkages with relevancy in the organization have been a difficult task to
accomplish due to their unobservable characteristics in terms of measurability. In the past
two decades, there have been many attempts to decompose the dynamics of each of these
concepts for developing indices or scales that reflect their level for each organization.
Because their importance for all stakeholders became increasingly necessary for
preventing an organization from any types of chaotic environment, there is a need to
comprehend their interrelated dynamics. We aim to analyze this challenging research
interest at the micro level within manufacturing listed firms.