The CSR moderating effect on the relationship between SG&A expenses and companies’ financial performance

: Purpose – The aim of this research is to investigate the impact of selling, general, and administrative (SG&A) expenses on financial performance of companies, and also to examine the impact of corporate social responsibility (CSR) as a moderator variable on the relation between SG&A expenses and companies’ financial performance. Design/method – Data is collected from a sample of listed companies on the EGX 100 from different sectors through 2010 to 2019. Simple regression analysis is used to test the relationship between SG&A expenses and financial performance of companies. Moreover, moderated regression analysis is used to test the impact of CSR as a moderator variable on the relation between SG&A expenses and financial performance, and also to investigate the role of three control variables in this relation. Findings – The results show that SG&A expenses is positively and significantly associated with the financial performance of companies and this positive relationship is more pronounced with the existence of CSR as a moderator variable. Furthermore, the