Articlehybrid2016

Corporate social responsibility and firm value: an empirical study of an emerging economy

52 citations0/0 files storedJournal of Governance and Regulation

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Corporate Social Responsibility Reporting Corporate Identity and Reputation Corporate Governance and Financial Management

Abstract

A lot of researches have been done recently on Corporate Social Responsibliity ("CSR"). A lot of studies have been conducted to test how CSR affects firm value and financial perfromance. Results varies from one study to another. Some proved that the realtionship is to be positve, or negative and others proved it to be neutral. The purpose of this research is to evaluate the effect of CSR on firm value and financial performance in Egypt through the application on 33 companies that were listed in the EGX30 in the year 2001, with a timeline of 8 years from 2007 till 2014. Data used in this study is secondary data obtained from the financial statements and annual reports of the egyptian companies and offical online websites. We proved that CSR has a insignifcant negative effect on firm value and a signifcant positive effect on firm’ financial perfromance in Egypt measured by Return on Assets (ROA) and Return on equity (ROE). This research paper is divided into five sections. Section one is the introduction followed by section two the literature review of CSR and its impact on firm value and financial performance. Section three covers the research methodology; section four presents data analysis and finally section five report findings and conclusions of the study.

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References

2010Strategic management a stakeholder approach 2007The Social Responsibility of Business Is to Increase Its Profits 200261. Capitalism and Freedom 1999Corporate Social Responsibility 2000Corporate social responsibility and financial performance: correlation or misspecification?2003Governance Matters III: Governance Indicators for 1996–2002 2010Does Corporate Social Responsibility Influence Firm Performance of Indian Companies?2008Corporate social responsibility and financial performance: the “virtuous circle” revisited

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