The Effect of Corporate Social Responsibility on the Firm's Stock Price in Egypt
| المصدر: | المجلة العلمية للاقتصاد والتجارة |
|---|---|
| الناشر: | جامعة عين شمس - كلية التجارة |
| المؤلف الرئيسي: | El Khamesy, Ream Mostafa Mohamed Abdelrazek (Author) |
| مؤلفين آخرين: | Wahba, Hayam Hassan (Co-Author) |
| المجلد/العدد: | ع1 |
| محكمة: | نعم |
| الدولة: |
مصر |
| التاريخ الميلادي: |
2020
|
| الشهر: | أبريل |
| الصفحات: | 267 - 282 |
| ISSN: |
2636-2562 |
| رقم MD: | 1066343 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
CSR "Corporate Social Responsibility" | CFP "Corporate Financial Performance" | S & P/ EGX ESP | SP "Stock Price" | ROE "Reyurn on Equity" | Environmental | Social and Corporate Governance "ESG" | Size "Company Size" | Socially Responsible | Global Economy | Flotation | Revolution
|
| رابط المحتوى: |
عدد مرات التحميل
35
| المستخلص: |
Corporate Social Responsibility (CSR) is a concept that has attracted worldwide attention and acquired a new resonance in the global economy. There have been some theoretical and empirical mixed results from the literature review is that corporations make more long-term profits by operating with Corporate Social Responsibility (CSR). While others argue that CSR distracts from the economic role of businesses and have a negative effect on the Corporate Financial Performance (CFP) which negatively affect the stock price. So, the objective of this study to attempts to address the question of whether the Corporate Social Responsibility influences the Stock Price in Egypt using the sample of 26 companies from S&P/EGX ESG Index through using regression analysis on 7 years starting from 2011 till 2017. The main results verify the existence of a negative effect of CSR on stock price which confirms hypothesis H1. This result seems to oppose the idea that the CSR firms are the more virtuous, having better performances they bear some initial costs. |
|---|---|
| ISSN: |
2636-2562 |
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