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348547

The Effect of Corporate Internal Determinants on Stock Price Crash Risk in Listed Egyptian Companies

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Last updated: 04 Jan 2025

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Abstract

The main aim of this paper is to investigate the effect of corporate internal determinants including corporate social responsibility (CSR) and corporate governance (CG) on stock price crash risk (SPCR). Further, it considers the moderating effect of corporate governance on the relationship between corporate social responsibility and stock price crash risk in Egypt. This research covers seven years period spanning from 2015 to 2021, including a sample of 62 Egyptian listed firms. The ordinary Least Square (OLS) regression analysis is employed to test the research hypotheses. The results of this research reveal that there is a significant curvilinear relationship between stock price crash risk and corporate social responsibility disclosure level, which means the existence of an optimal level of the Environmental and Social (ES) disclosure to minimize stock price crash risk. Further, the results indicate that there is a positive significant direct effect of corporate governance on stock price crash risk. The interaction between corporate social responsibility and corporate governance was found to have a positive effect on stock price crash risk

DOI

10.21608/naus.2024.348547

Keywords

stock price crash risk, Corporate Social Responsibility, Corporate Governance, and Egyptian stock Exchange

Authors

First Name

هالة

Last Name

عبالنبي عبدالفتاح

MiddleName

-

Affiliation

جامعة القاهرة

Email

hala_abdelnabi@foc.cu.edu.eg

City

-

Orcid

-

First Name

اسراء

Last Name

على سيد على

MiddleName

-

Affiliation

جامعة القاهرة

Email

esraa.ali@foc.cu.edu.eg

City

-

Orcid

-

First Name

نسمة

Last Name

أحمد عبده حسين الشايب

MiddleName

-

Affiliation

جامعة القاهرة، کلية التجارة، قسم المحاسبة

Email

nesma_ahmed_elshayeb@foc.cu.edu.eg

City

-

Orcid

0000-0002-6086-843X

Volume

13

Article Issue

1

Related Issue

46916

Issue Date

2024-04-01

Receive Date

2024-04-02

Publish Date

2024-04-01

Page Start

244

Page End

287

Print ISSN

2314-4793

Online ISSN

2314-4807

Link

https://naus.journals.ekb.eg/article_348547.html

Detail API

https://naus.journals.ekb.eg/service?article_code=348547

Order

348,547

Type

ابحاث اصیلة

Type Code

1,273

Publication Type

Journal

Publication Title

مجلة المحاسبة والمراجعه لاتحاد الجامعات العربيه

Publication Link

https://naus.journals.ekb.eg/

MainTitle

The Effect of Corporate Internal Determinants on Stock Price Crash Risk in Listed Egyptian Companies

Details

Type

Article

Created At

25 Dec 2024