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The Relationship between Corporate Social Responsibility Disclosure and Firm Value: The Mediating Role of stock liquidity - Evidence from Egypt

Article

Last updated: 05 Jan 2025

Subjects

-

Tags

المحاسبة بفروعها المختلفة

Abstract

This research aims to examining the direct and indirect effects, through the stock liquidity, of the level of disclosure of corporate social responsibility and its different dimensions (environmental, social, employee, and product dimension), on firm value, using the sample of 52 firm listed in the Egyptian stock exchange and listed in the EGX100 index for a period of five years from 2017 to 2021. Using the path analysis, the results indicated that: (1) There is a significant positive effect of the level of disclosure of corporate social responsibility and its environmental and social dimensions on both firm value and the stock liquidity. (2) There is a significant positive effect of the stock liquidity on the firm's value. (3) There is a significant positive indirect effect of the level of disclosure of corporate social responsibility and its environmental and social dimensions on firm value. (4) There is no significant effect of the level of disclosure of social responsibility dimensions related to employees and products on firm value. (5) There is a significant negative indirect effect of the level of disclosure of the dimension of the employees on firm value.

DOI

10.21608/jcese.2024.264180.1051

Keywords

Disclosure of corporate social responsibility, Stock Liquidity, Firm value

Authors

First Name

السيد محمود السيد

Last Name

الحناوي

MiddleName

-

Affiliation

استاذ المحاسبة المساعد، كلية التجارة، جامعة دمنهور، مصر

Email

dr.els_elhennawy@yahoo.com

City

الاسكندرية

Orcid

0000-0002-6470-0693

Volume

3

Article Issue

1

Related Issue

45033

Issue Date

2024-03-01

Receive Date

2024-01-20

Publish Date

2024-03-01

Page Start

142

Page End

185

Print ISSN

2974-3117

Online ISSN

2974-3125

Link

https://jcese.journals.ekb.eg/article_341660.html

Detail API

https://jcese.journals.ekb.eg/service?article_code=341660

Order

341,660

Type

المقالات الأصلية

Type Code

2,523

Publication Type

Journal

Publication Title

مجلة العلوم التجارية والبيئية

Publication Link

https://jcese.journals.ekb.eg/

MainTitle

The Relationship between Corporate Social Responsibility Disclosure and Firm Value: The Mediating Role of stock liquidity - Evidence from Egypt

Details

Type

Article

Created At

29 Dec 2024