scholarly journals Corporate social responsibility and firm risk: Egypt’s case

2021 ◽  
Vol 10 (2) ◽  
pp. 74-83
Author(s):  
Dina Hassouna ◽  
Rania Salem
Keyword(s):  
Developing Countries ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Audit Committee ◽  
Developed Countries ◽  
Firm Risk ◽  
Return On Equity ◽  
Beta Coefficient ◽  
Corporate Social ◽  
The Impact

Studies amongst developed countries have extensively investigated the link between corporate social responsibility (CSR) and financial performance. However, due to lack of research in the Middle East, especially in Egypt, the association between CSR and firm risk remains much less understood (Nguyen & Nguyen, 2015). Therefore, this paper is one of the very few studies that investigate the impact of CSR on firm risk amongst developing countries. A sample of 31 Egyptian listed companies was examined over four years, from 2011 to 2015. We test the impact of CSR on firm risk using fixed and random effects estimation models. We use operating leverage, financial leverage and the beta coefficient of the sample companies’ stocks as a proxy for the companies’ risk. Identified control variables are firm size, market-to-book value, return on equity, return on assets, and firm age. Other variables are used to control for corporate governance, board characteristics and audit committee characteristics. The results show that CSR affects operating risk, yet it does not have a significant impact on financial or market risks in Egypt, which in turn emphasizes that CSR in developing countries differs in characteristics from that in developed countries (Vo & Arato, 2020).

scholarly journals Development of corporate social responsibility framework for developing countries: the case of Kazakhstan

2021 ◽  
pp. 20-39
Author(s):  
A. Orazayeva ◽  
M. Arslan
Keyword(s):  
Systematic Review ◽  
Developing Countries ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
General Framework ◽  
Institutional Environment ◽  
Developing Economies ◽  
Developed Countries ◽  
Historical Background ◽  
Corporate Social

Purpose of research. The aim of this systematic review is to develop a general framework which is applicable for analysis of corporate social responsibility (CSR) in developing economies. This framework is further applied to transitional economy such as Kazakhstan.Methodology. This study presents a systematic review of existing CSR literature on developing economies. The study used the content analysis approach and identified the relevant studies by searching the keywords. Based on existing literature, the study developed a general framework which summarizes mostly noted motives and limitations relevant for CSR discussion in the context of developing countries.Originality / value. The most of existing studies aimed on developed countries and limited research is conducted in the context of developing countries that are characterised by weak institutional environment and have different socio-economic factors, compared to their counterparts. The study adds value to existing CSR literature by developing the framework which summarizes motives and limitations of CSR for developing countries.Findings. We identified that most of existing studies have reported the barriers of undertaking CSR research and documented the factors such as corruption, weak stakeholder activism and lack of government controls as main constraints. On the other hand, existing studies reported that religious traditions, historical background, globalization, and government institutional voids are the main drivers of CSR studies. Subsequent application of the framework to Kazakhstan shows that these constraints and motives are also true for the country.

scholarly journals Corporate social responsibility and bank risk

2021 ◽  
Author(s):  
Florian Neitzert ◽  
Matthias Petras
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Risk Mitigation ◽  
Bank Risk ◽  
Firm Risk ◽  
Environmental Aspects ◽  
Corporate Social Responsibility Activity ◽  
Corporate Social ◽  
The Impact ◽  
Risk Reducing

AbstractThe concept of sustainable banking has developed significantly in recent years. Previous research found that corporate social responsibility reduces firm risk, yet this empirical evidence refers almost exclusively to non-financial companies and it remains unclear whether the risk-mitigating effect stems from the environmental, social, or governance pillar. The paper aims to analyse the impact of corporate social responsibility activities on bank risk and to explore its determinants. Using a sample of 582 banks worldwide over the period from 2002 to 2018, we confirm a risk-reducing effect of the corporate social responsibility activity on an aggregated level. The decomposition of this effect suggests that environmental activities determine this risk mitigation. In contrast, social and governance activities do not show similarly unambiguous results. In this way, our analysis highlights the great importance of environmental aspects in banks’ risk management.

Defining Corporate Social Responsibility for Developing and Developed Countries

2019 ◽  
pp. 1-27 ◽  
Author(s):  
Duane Windsor
Keyword(s):  
Developing Countries ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Fair Trade ◽  
Multinational Enterprises ◽  
Developed Countries ◽  
Theory Versus ◽  
Path Dependent ◽  
Corporate Social ◽  
Alternative Understanding

This chapter proposes a conceptual framework for comparing enterprise and governmental approaches to corporate social responsibility (CSR) for developed and developing countries. An enterprise approach is voluntary. A governmental approach provides either requirements or guidance, strong or weak, for enterprise CSR. Focus is on multinational enterprises (MNEs), for two reasons. First, MNEs may operate across quite different conditions. Second, a major MNE concern has to do with fair trade and sustainable development supply chains. The chapter considers three approaches found in the extant literature. One approach asserts autonomy of developing countries from developed countries, and thus divergence of enterprise and governmental CSR by type of context. A second approach examines global convergence as highly context path-dependent and perhaps cosmetic. A third approach emphasizes “glocality” combining global thinking with local action. The author proposes an alternative understanding of how to compare CSR for developed and developing countries using theory versus context.

scholarly journals The Effect of Corporate Social Responsibility on Earnings Management: Bibliometric Review

2021 ◽  
Vol 9 (4) ◽  
pp. 68
Author(s):  
José Manuel Santos-Jaén ◽  
Ana León-Gómez ◽  
José Serrano-Madrid
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Earnings Management ◽  
Voluntary Disclosure ◽  
Audit Committee ◽  
Gender Diversity ◽  
The World ◽  
Bibliometric Review ◽  
Corporate Social ◽  
The Impact

This review aims to study the knowledge development and research dissemination on the influence of Corporate Social Responsibility (CSR) on earnings management through a social network approach using a bibliometric review. A systematic bibliometric review was carried out on 329 papers obtained from the Clarivate Analytics Web of Science (WoS) Core Collection database. The data were analyzed by year, journal, author, institution, country, affiliation, subject area and term analysis. The results reveal the growing interest of researchers in studying the impact of CSR. Although the USA and China dominate publication production, there are a large number of authors from more than 50 countries around the world. The results also show that being prolific does not imply being influential in this area. The keyword patterns showed some interesting potential areas of study on this topic. The findings of this paper provide insight to the research on the analysis of the influence of CSR on earnings management. The most important findings consist of a number of gaps in the literature, such as gender diversity, voluntary disclosure of information and existence of an audit committee, among others, that allow for future fields of research to improve the analysis of the influence of CSR in EM. This research should also prove helpful to managers, owners and auditors. This is the first bibliometric review developed on this topic and it can be extrapolated to any place in the world.

scholarly journals DOES CORPORATE SOCIAL RESPONSIBILITY ENHANCE RETURN ON ASSETS? EVIDENCE FROM MANUFACTURING FIRM IN NIGERIA

2016 ◽  
Vol 10 (2) ◽  
pp. 2058-2059
Author(s):  
Nwankwo Carol ◽  
Onyeka Virginia Nnenna ◽  
Chukwuani Victoria Nnenna
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Research ◽  
Economic Performance ◽  
Return On Assets ◽  
Manufacturing Firm ◽  
Return On Equity ◽  
Manufacturing Organizations ◽  
Corporate Social ◽  
The Impact

The empirical research into the impact of CSR on return on  assets is confusing and far from conclusive. Also in most ofthe previous studies; economic performance covered a (commonly five year) period “surrounding” the CSR performanceand/or social disclosure periods. To overcome these limitations, our paper assess the impact of CSR return on assets ofmanufacturing firms in Nigeria. The result showed that with CSR, corporate social responsibility had a positive and significant effect on return on assets of the manufacturing organizations while without CSR, the impact is negative and non-significant. The implication is that what companies spend on the development of society of interest may be related toreturn on equity but does not significantly detect increase/decrease in return on equity. This study thus posits thatmanufacturing organizations should concentrate evenly also on other elements which organization see mainly as majordeterminants of return on assets as the finding is showing an insignificant effect of CSR on ROA.

scholarly journals Re-examining Firm Size and Corporate Social Responsibility: The Visibility Approach

2019 ◽  
Vol 9 (1) ◽  
pp. 1-15
Author(s):  
Golrida Karyawati P ◽  
Mira Muliani ◽  
Prem Lal Joshi
Keyword(s):  
Developing Countries ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Size ◽  
Media Coverage ◽  
Measurement Problem ◽  
News Coverage ◽  
Developed Countries ◽  
Thomson Reuters ◽  
Corporate Social

 In a previous study on the firm size and corporate social responsibility (CSR) participation conducted by Golrida, et al (2017), different result is reported with Udayasankar’s hypothesis (2008) which states a U-shape relationship of firm size and CSR participation.  However, it is arqued that Udayasankar hyppothesis is better applicable in developed countries, while in developing countries an inverted - U shape relationship is found. But, Golrida et al (2017) can only prove the form of relationship using two perspectives stated by Udayasankar, which are operating scale and resourcess access.  The proxy of visibility could not capture the inverted U shape relationship due to measurement problem in the previous study. This study aims at re-examining the relationship between firm size and CSR participation from the visibility perpective by employing two proxies of visibility, which are analyst coverage and news coverage respectively.  Indonesian companies are chosen to capture the context of developing country. Content analysis is done in obtaining CSR data of 433 companies listed on Indonesian Stock Exchange on 2012, while the data of visibility proxies are  extracted from Thomson Reuters and selected news portal namely, Detik.com. The result of study shows that both visibility proxies, which are Analysts Coverage and Media Coverage form inverted U- shape relationship with CSR participation. The findings in this study contribute to the literature that, the form of firm size and CSR participation relationship in the context of developing countries is different than those in developed countries.

Corporate Social Responsibility Measures: A Brief Review

2021 ◽  
pp. 227853372199220
Author(s):  
Akanksha Shukla ◽  
Geetika ◽  
Nimesh Shukla
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Developed Countries ◽  
Financial Measures ◽  
Time Period ◽  
And Performance ◽  
Corporate Social ◽  
The Impact

Studies are being conducted to measure the impact of corporate social responsibility (CSR) on different dimensions of performance of the firm. Therefore, it becomes imperative to measure CSR activities undertaken by the firms. The measures used to assess CSR range from quantitative to perceptual; hence, the study proposes to present an analytical profile of various methods used to measure CSR. The article reviews studies that span over the time period from the 1980s to 2016 to determine the relationship between CSR and performance of the firm. Various measures of CSR used in studies are broadly categorized as rating-based measures, financial measures, perceptual measures, and disclosure-based measures. The study revealed that perceptual and rating-based measures are the most commonly used measures. Also, it has been found that the operationalization of CSR using these two measures has been used in the studies that are conducted mainly in developed countries. However, disclosure of CSR and expenditure made on social responsibility can be more comprehensive measures as they are more objective in nature and are not influenced by the biases. Also, expenditure on CSR can be a useful measure while conducting a cost-benefit analysis of CSR activities performed by the organizations.

scholarly journals The Influence of Green Corporate Social Responsibility on Firm Value with the Audit Committee as a Moderating Variable

2021 ◽  
Vol 3 (2) ◽  
pp. 85-95
Author(s):  
Andre Pratama ◽  
Ruhul Fitrios
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Corporate Value ◽  
Company Value ◽  
Purposeful Sampling ◽  
Corporate Social ◽  
The Impact

This research aims to prove and analyze the impact of green corporate social responsibility (CSR) on company value and the role of the audit committee as a moderating variable. The population is all corporates exist on the Indonesian Stock Exchange (IDX) during 2015-2019. The study used purposeful sampling and obtained as many as 125 companies. The analysis methods used are simple linear analysis and moderate regression analysis. Finding research show that green CSR affects corporate value, and the audit committee can ease correlate between green corporate social responsibility and corporate value.

scholarly journals Disclosure of Corporate Social Responsibility and the factors that influence it: Evidence in Indonesia

2021 ◽  
Vol 2 (11) ◽  
pp. 785-810
Author(s):  
Raden Arief Wibowo
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Audit Committee ◽  
Random Effect ◽  
Random Effect Model ◽  
Balance Sheet ◽  
Return On Equity ◽  
Management Participation ◽  
Corporate Social ◽  
Positive Effect

The purpose of this study begins with an analysis to see how the disclosure of corporate social responsibility during the covid19 pandemic, then continues with an analysis to see what factors affect the disclosure of corporate social responsibility. This study uses a sample of 150 non-financial companies listed on the IDX in 2012-2020. The analytical tool used in this study is panel data regression with a random effect model. The results showed that the variables of audit committee composition, ownership concentration, management participation, return on assets, return on equity, debt and number of employees did not have a positive effect on the disclosure of corporate social responsibility. Meanwhile, the variables of the board of commissioners meeting and the total balance sheet have a positive effect on the disclosure of corporate social responsibility.

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