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The Relationship between Corporate Social Performance and Enterprise Risk: An Empirical Research

المصدر: المجلة العلمية للاقتصاد والتجارة
الناشر: جامعة عين شمس - كلية التجارة
المؤلف الرئيسي: Rezk, Dalia Moustafa (Author)
مؤلفين آخرين: Elawam, Atef (Co-Author) , Moharram, Farid (Co-Author)
المجلد/العدد: ع2
محكمة: نعم
الدولة: مصر
التاريخ الميلادي: 2022
الشهر: يوليو
الصفحات: 1187 - 1233
ISSN: 2636-2562
رقم MD: 1373251
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
كلمات المؤلف المفتاحية:
Corporate Social Responsibility | Corporate Social Performance | Total Risk | Systematic Risk | Idiosyncratic Risk | Paper Type | Research Paper
رابط المحتوى:
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المستخلص: Purpose – This study investigates the relationship between corporate social responsibility practice and enterprise risk. The aim is to find the nature and direction of the relationship between corporate social performance and enterprise risk – decomposed into systematic risk and idiosyncratic risk. Design/methodology/ approach – CSR performance is measured using S & P/ ESG EGX 30 index listed on the Egyptian Stock Exchange for the time spanning 2008–2018. As proxies of enterprise risk two different channels are employed: systematic risk and idiosyncratic risk. An empirical study is applied using Multiple regression analysis on the sample of the study using E-Views 12. Findings – Based on the empirical study implemented in this research, it turned out that there is a significant relationship between corporate social performance and enterprise risk, this is evident through the systematic risk factor, while no clear evidence is detected of the existence of a relationship between corporate social performance and idiosyncratic risk. Originality/ value – The findings of this research are robust to a variety of econometric approaches and alternative specifications of corporate social responsibility, and enterprise risk models.

ISSN: 2636-2562