scholarly journals Firm Performance and Corporate Social Environmental Initiatives in the Wake of a Health Pandemic

2020 ◽  
Vol 11 (6) ◽  
pp. 211
Author(s):  
Osereme Omoike ◽  
Uwalomwa Uwuigbe ◽  
Philip Alege ◽  
Bukola Uwuigbe ◽  
Osazuwa Peter Nosakhare ◽  
...  
Keyword(s):  
Comparative Analysis ◽  
Stock Exchange ◽  
World Health Organisation ◽  
Share Price ◽  
World Health ◽  
Environmental Reporting ◽  
Significant Drop ◽  
Listed Firms ◽  
Social Environmental ◽  
Corporate Social

The study re-examines the relationship between firm share price performance and Corporate Social Environmental Reporting (CSER) initiatives in the wake of a global health pandemic. A comparative analysis was done between the contributions made by listed and non-listed firms in Nigeria towards the pandemic. A comparative analysis of the share price (SP) of listed companies was carried out before the announcement of the pandemic, after the announcement of the pandemic and COVID -19 contributions. A panel regression analysis was conducted. It involved a sample of 70 listed firms in the Nigerian Stock Exchange over a five-year period (2013-2017). The comparative analysis of contributions revealed that listed firms though fewer in number made significantly more contributions than unlisted firms. The study found significant drop in SP after the announcement of a pandemic by the World Health Organisation (WHO). The study also found that SP performance and firm size has a positive and significant relationship with CSER initiatives. The analysis of contributors from listed and non- listed firms in Nigeria towards COVID-19 reveal that only corporate organizations with adequate resource slack can make significant contributions to curtail the spread of the epidemic. The study recommends that corporate organizations should pursue financial capacity in other to make significant CSER investments and expect a change in societal demands and stakeholder expectations in the no distant future.

Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

2019 ◽  
pp. 697-721
Author(s):  
Md. Nazrul Islam ◽  
Mohammad Ashraful Ferdous Chowdhury ◽  
Mehedi Hasan Tuhin ◽  
Md. Masud Sarker
Keyword(s):  
Fixed Effects ◽  
Banking Sector ◽  
Positive Impact ◽  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Reporting Practices ◽  
The Social ◽  
Social Environmental ◽  
Corporate Social

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

scholarly journals Corporate social environmental reporting and stock prices: an analysis of listed firms in Nigeria

2018 ◽  
Vol 15 (3) ◽  
pp. 318-328
Author(s):  
Omoike Osereme Amiolemen ◽  
Uwalomwa Uwuigbe ◽  
Olubukola Ranti Uwuigbe ◽  
Ilogho Simon Osiregbemhe ◽  
Ajetunmobi Opeyemi
Keyword(s):  
Analysis Of Variance ◽  
Stock Prices ◽  
Market Price ◽  
Environmental Reporting ◽  
Causality Test ◽  
Cross Sectional ◽  
Listed Firms ◽  
Social Environmental ◽  
The One ◽  
Corporate Social

The study investigated Corporate Social Environmental Reporting and its association with stock prices (using market price per share as at the financial year end) among listed firms in Nigeria. The study used a cross-sectional research design comprising 50 publicly listed companies across various sectors for the period of five years (2011–2015). For the selected firms, the annual report was used to collect the data. This research utilizes the panel data regression in analyzing the influence of the independent variable (measured by corporate social and environmental expenditure) on the dependent variable measured using the market price per share) for the respective years. Also, in an attempt to examine the relatively market price per share across the sampled industries, the study made use of the one-way analysis of variance; while the Granger causality test was also conducted to ascertain whether bi-directional relationships exist between explanatory variable and the dependent variable (i.e. corporate social and environmental expenditure and market price per share). Findings from the study revealed that the association between corporate social and environmental expenditure and the market price of the firm (when considered in aggregate) is not significant. The result from the Analysis of Variance (ANOVA) showed that the market price per share is significantly different across the industries.

Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

2018 ◽  
pp. 139-162
Author(s):  
Md. Nazrul Islam ◽  
Mohammad Ashraful Ferdous Chowdhury ◽  
Mehedi Hasan Tuhin ◽  
Md. Masud Sarker
Keyword(s):  
Fixed Effects ◽  
Banking Sector ◽  
Positive Impact ◽  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Reporting Practices ◽  
The Social ◽  
Social Environmental ◽  
Corporate Social

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

scholarly journals Corporate Social Responsibility (CSR) and Risk Taking: Evidence from Indonesia

2019 ◽  
Vol 8 (1) ◽  
pp. 152-162
Author(s):  
Rezki Ananda Mulia ◽  
Joni Joni
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Risk Taking ◽  
Stock Exchange ◽  
Listed Firms ◽  
Market Risks ◽  
Corporate Social

In this paper, we investigate the effect of Corporate Social Responsibility (CSR) on risk taking in Indonesia. We hand collect CSR and other corporate governance data from 2016-2017 for publicly listed firms on the Indonesian Stock Exchange (IDX). The results, based on 820 firm-year observations, suggest that CSR activity is negatively related to corporate’s risk. This means the presence of CSR activity is positively perceived by stakeholders. Therefore, it reduces operating and market risks of the company. Also, we test for endogeneity and the main findings remain similar.

Corporate Social Responsibility of Pharmaceutical Industry Towards Access to Medicine

2019 ◽  
pp. 793-832
Author(s):  
Rakhi Rashmi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Patent Protection ◽  
Generic Drugs ◽  
World Health Organisation ◽  
Access To Medicines ◽  
World Health ◽  
Generic Medicines ◽  
Drug Manufacturing ◽  
Corporate Social

India has changed its patent policy in 2005. It was compliance to WTO TRIPs provision and after this there was prohibition on process or generic manufacturing. India is the biggest supplier of affordable generic medicines and this patent protection is said to be beneficial to novel drug manufacturing countries. The generic drugs can be a differentiation factor between lives starting point and the ending point for millions of people in developing countries. This remains an obstacle to inexpensive generic medicines which results in devastating impact on the poorer people. These patent laws allow large MNC's to place ‘profits over people'. World Health Organisation report price of medicines are important for maintaining the affordability and access of the medicines. This research evaluates the strategies and practices of Glaxo Smith Kline in contribution towards the access to medicines and their contribution of corporate social responsibility in India.

scholarly journals Determinants of Share Price of Listed Firms in Ghana

2021 ◽  
Vol 2021 (1) ◽  
pp. 57-71
Author(s):  
Alhassan Musah ◽  
Margaret Aryeetey
Keyword(s):  
Economic Growth ◽  
Interest Rate ◽  
Financial Institution ◽  
Stock Exchange ◽  
Share Price ◽  
Return On Equity ◽  
Macroeconomic Variables ◽  
Listed Firms ◽  
Earnings Per Share ◽  
Ghana Stock Exchange

The price of a company’s share represents investors’ confidence in the future profitability of the company and also used to represent the value of shareholders’ wealth The study examined factors that influence share price of firms listed on the Ghana stock Exchange. The study specifically examined firm specific factors, book ratios and macroeconomic factors that influence share price of listed firms in Ghana. The firm-specific variables include firm size and the firm being a financial institution. The book ratios used in the study include earnings per share, debt ratio, return on assets, return on equity and dividend per share. The macroeconomic variables include economic growth, inflation rate and interest rate. The study sampled 21 firms over a 10-year period, from 2009 to 2018. The study used descriptive statistics, correlation analysis and panel regression analysis to achieve the objectives of the study. The results of the study show that firm-specific variables such as firm size and the firm being financial institution were positive and statistically significant determinants of share price of listed firms in Ghana. The book ratios of debt to asset ratio, return on asset and return on equity were statistically insignificant association with share price of firms listed on the Ghana Stock Exchange. Other book ratios, such as earnings per share and dividend per share, were positively associated and statistically significant with share price of the sampled firms listed on the Ghana Stock Exchange. On the macroeconomic variables, only economic growth was positively associated with share price and statistically significant at 10% significance level. The other variables – inflation and interest rate – were statistically insignificant. The results show that book or investment ratios are the main determinants of share price for firms listed on the Ghana Stock Exchange.

scholarly journals Impact of Corporate Social Responsibility Awards on Share Prices

2019 ◽  
Vol 5 (1) ◽  
pp. 141-154
Author(s):  
Zeeshan Mahmood ◽  
Javed Iqbal ◽  
Waris Ali ◽  
Muhammad Aamir
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Business Case ◽  
Share Price ◽  
Event Window ◽  
Share Prices ◽  
Study Methodology ◽  
Corporate Social ◽  
The Impact

This paper provides empirical evidence to evaluate the business case of corporate social responsibility. In contrast to former studies, we choose to examine the relationship between corporate social responsibility awards and share prices. We examined this relationship in the contextual setting of Pakistan, where several award schemes are operating to reward CSR performance. An event study methodology was adopted to investigate the impact of award announcement on the abnormal return of TOP 100 companies listed on the Pakistan Stock Exchange. A daily price for each company was collected during the estimation window of 120 days before the event window and an event window of 3 days [-1, 0, 1]. Our analysis shows that the overall announcement of CSR awards has an insignificant impact on share price.                                             

scholarly journals Corporate governance and corporate social responsibility synergies: evidence from New Zealand

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rashid Zaman ◽  
Muhammad Nadeem ◽  
Mariela Carvajal
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
New Zealand ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Business Practices ◽  
Content Type ◽  
Listed Firms ◽  
Responsible Business Practices ◽  
Corporate Social

Purpose This paper aims to provide exploratory evidence on corporate governance (CG) and corporate social responsibility (CSR) interfaces. Although there remains a voluminous literature on CG and CSR, very little effort has been put forward to explore the nature of this relationship. Design/methodology/approach Using interviews with Senior Executives of New Zealand Stock Exchange listed firms, this research assesses CG and CSR practices, identifies barriers for CG and CSR adoption and investigates the nature of the relationship between CG and CSR. Findings The results indicate a moderate level of CG and CSR practices, with a lack of resources and cost-time balance as common barriers for CG and CSR adoption. However, despite these barriers, we note that the majority of executives appreciate the increasing convergence between CG and CSR, and believe that a more robust CG framework will lead to more sustainable CSR practices. Originality/value These findings have important implications for managers and policymakers interested in understanding the CG-CSR nexus and promoting responsible business practices.

AN ASSESSMENT OF THE ROLE OF ENVIRONMENTAL REPORTING IN SUPPORTING SHARE VALUES IN FTSE100 COMPANIES

2003 ◽  
Vol 05 (02) ◽  
pp. 149-182 ◽  
Author(s):  
JAMES DANIEL WALMSLEY ◽  
ALAN BOND
Keyword(s):  
Financial Services ◽  
Stock Exchange ◽  
Temporal Trends ◽  
Share Price ◽  
Environmental Reporting ◽  
Price Performance ◽  
And Performance ◽  
Corporate Environmental Reporting ◽  
The Uk ◽  
Share Value

This paper explores the relationship between corporate environmental reporting and share price performance amongst companies in two industry groups listed on the UK FTSE (Financial Times Stock Exchange) 100 as of the 30th July 2001. The hypothesis tested is that the production of good quality corporate environmental reports (CERs) benefits company share price, by demonstrating to investors an awareness of risk, liability, legislation and opportunities as well as providing a collection of policy, impacts, temporal trends, targets and commitment. Some other studies in this area have concluded that a positive relationship exists between corporate environmental management and performance (including environmental reporting) and share value. The results of this paper differ however, and show that on average, the production of environmental reports by FTSE100 companies (in the energy and utilities and financial services sectors) has not lead to improved historical share price performance when compared to non-reporting companies, although there is strong evidence for reduced volatility of share price. Results for sector performance varied from those obtained from individual company level. The two companies assessed as producing the best reports in their industry sector outperformed both the FTSE100 benchmark, and many of their competitors for the five-year period studied. Whilst there are many benefits to be gained by listed companies through environmental reporting, such as enhancing image and improving public and investor opinion, a positive attitude to the environment, as demonstrated through environmental reporting, can provide an indication of a truly strategic approach to business. Yet there are so many factors involved, it is not possible from the results to conclude that environmental reporting supports share value.

scholarly journals The Effects of Assets and Debts on Profit Among Advertising, Printing and Media Listed Firms in Indonesia

2018 ◽  
Vol 7 (4.9) ◽  
pp. 232
Author(s):  
Wahyu Indah Mursalini ◽  
Witra Maison ◽  
Juita Sukraini ◽  
Nidia Anggraini Das ◽  
Afniyeni .
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Statistical Analysis ◽  
Capital Structure ◽  
Stock Exchange ◽  
Listed Firms ◽  
Corporate Profit ◽  
The Business Cycle ◽  
A Company

The purpose of this study is to determine the effect of assets and debts to company profit. Assets and Debts are the deciding variables to make a company profit. Debt is inversely proportional to profit. Therefore, any company's management must be able to manage the assets and debt of the company to increase corporate profit. Need to explain why Sub Sector Company Advertising Printing and Media on Indonesia Stock Exchange is studies here. Based on the results of research, asset and debt have a significant effect to the profit of Sub Sector Company Advertising Printing and Media listed on Indonesia Stock Exchange. This is evidenced by statistical analysis.  The researcher suggests the inclusion of control variables such as economic growth and capital structure so that the results of research can assist investors in assessing the company. Increase the period of research into 10 years, so that the results of research can describe the condition of the company for the long term and can pay attention to the business cycle. In addition, the study could be replicated on other sectors and comparative analysis could be done accordingly.  

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