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320822

Investigating the Effect of Corporate Social Responsibility and Executive Compensation on the Cost of Equity in the Presence of COVID-19 Pandemic Applied on Egyptian Listed Firms

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Last updated: 24 Dec 2024

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Abstract

A business must be responsible to itself as well as its shareholders before it can be socially conscious. CSR-focused businesses frequently develop their operations to a level where they can support the community. As a result, multinational businesses frequently employ CSR as a strategy. After all, a company has a greater need to establish the bar for moral conduct among its peers, rivals, and industry the more well-known and prosperous it becomes. Consequently, the main goal of this research project to search how executive compensation tied to the accomplishment of SD objectives and CSR affect the equity cost. Additionally, this study looks at how COVID 19 affects the price of stock. Using the control factors of firm size, leverage, and polluting sector. The reports of non-financial institutions of Egyptian companies listed in the stock market in compliance with the EGX 100 between 2011 and 2020 are the primary source of secondary data. Based on the results of the analysis of the normality and multicollinearity testing to the data under study, the OLS method could not be used. Therefore, the GLS method is the suitable method to be adopted in this research. After data collection, this research uses GLS analysis and Hausman test, in order to measure the fixed effect versus the random effect. The necessary information was gathered using secondary data obtained from financial reports of non-financial institutions. The findings proved that CSR and executive compensation have direct positive significant effect on cost of equity.

DOI

10.21608/acj.2023.320822

Keywords

Corporate Social Responsibility, Cost of Equity, COVID-19, Executive Compensation, Sustainability

Authors

First Name

.Dina S.

Last Name

Fadaly

MiddleName

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Affiliation

Associate Professor of Accounting & Finance Dean of College of Management & Technology, South Valley, Arab Academy for Science, Technology & Maritime Transport

Email

dinafadaly@aast.edu

City

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Orcid

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Volume

60

Article Issue

5

Related Issue

43876

Issue Date

2023-09-01

Receive Date

2023-09-05

Publish Date

2023-09-01

Page Start

115

Page End

147

Print ISSN

2682-4183

Online ISSN

2682-4191

Article File

ACJ_Volume 60_Issue 5_Pages 115-147.pdf

PDF . 7.3MB

Link

https://acjalexu.journals.ekb.eg/article_320822.html

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https://acjalexu.journals.ekb.eg/service?article_code=320822

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4

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المقالة الأصلية

Type Code

759

Publication Type

Journal

Publication Title

مجلة جامعة الإسکندرية للعلوم الإدارية

Publication Link

https://acjalexu.journals.ekb.eg/

MainTitle

Investigating the Effect of Corporate Social Responsibility and Executive Compensation on the Cost of Equity in the Presence of COVID-19 Pandemic Applied on Egyptian Listed Firms

Details

Type

Article

Created At

24 Dec 2024