The Impact of Corporate Social Responsibility Performance on the Relationship between the Value of Cash Holdings 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: | 1235 - 1266 |
| ISSN: |
2636-2562 |
| رقم MD: | 1373256 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Corporate Social Responsibility | Cash Holdings | Systematic Risk | Idiosyncratic Risk
|
| رابط المحتوى: |
عدد مرات التحميل
9
| المستخلص: |
Purpose – This study aims to investigate the impact of corporate social responsibility performance on the relationship between cash holdings and enterprise risk. Using 30 Egyptian companies listed on the S&P/ EGX ESG Index through the period from 2008 to 2018, an empirical study is conducted to reach decisive evidence regarding the nature and direction of the research variables. Design/methodology/ approach – An applied study is carried out by the researcher to test the validity of the research hypotheses. To examine the relationship between enterprise risk and value of cash holdings, two different channels are employed: systematic risk and idiosyncratic risk. CSR performance (measured by S&P/ EGX ESG Index listed on the Egyptian Stock Exchange) is introduced to the equation to assess its impact on the previous relationship for the time spanning 2008–2018. Data analyses are prepared using E-Views 12. Findings – Findings based on multiple regression analysis indicate that there is a significant negative relationship between enterprise risk and corporate cash holdings. The researcher also finds strong evidence that systematic risk channel is useful in linking corporate social responsibility performance (CSRP) and corporate cash holding. Originality/ value – Our findings are robust to a variety of econometric approaches and alternative specifications of cash holdings, corporate social responsibility, and enterprise risk. Thus, they provide strong support for the importance of corporate social responsibility in determining corporate cash holdings. |
|---|---|
| ISSN: |
2636-2562 |
عناصر مشابهة
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The Relationship between Corporate Social Performance and Enterprise Risk: An Empirical Research
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The Impact of Corporate Social Responsibility on Firm Value and Financial Performance: An Empirical Study on Companies Listed in Egyptian Stock Exchange
بواسطة: Baroma, Bassam Samir Mohamed منشور: (2017) -
The Relationship between Corporate Social Responsibility's Disclosure and Financial Performance: An Empirical Study of Jordanian Companies Listed on Amman Stock Exchange
بواسطة: أبو فرحة، إيناس منشور: (2016) -
The Relationship Between Corporate Social Responsibility and Corporate Financial Performance & Stock Performance: An Applied Study on the Egyptian Stock Market
بواسطة: Faris, Hasan Ismail منشور: (2015) -
The Relationship between Organizational Performance and Corporate Social Responsibility
بواسطة: Marzook, Mahmoud Mohamed Abdelaal منشور: (2017)
