THE ROLE OF ENVIRONMENTAL COVERNANCE APPLICATIONS IN ACTIVATING THE SOCIAL RESPONSIBILITY OF INDUSTRIAL COMPANIES AND THEIR IMPACT ON THEIR VALUE OF SHARES (A FIELD STUDY)

Document Type : Review Article

Authors

1 Post Grad. Student, Faculty of Graduate Studies and Environmental Research, Ain Shams University

2 Faculty of Commerce, Ain Shams University

3 Higher Institute of Computer Science and Information System

4 Faculty of Graduate Studies and Environmental Research, Ain Shams University

Abstract

This research aimed to identify the relationship between environmental governance and corporate social responsibility and their impact on the value of stocks. and corporate social responsibility. In addition to testing the relationship between corporate social responsibility (social dimension, environmental dimension, customer relations dimension, and legal dimension) and stock value.
The research relied on the analytical descriptive approach to reach its specific objectives, so the researcher designed a survey list that was distributed to those concerned with financial accounting, investment and financial decisions, numbering 384 individuals. All survey lists were valid for analyzing the results of the answers received in them statistically. The general results of the research showed the validity, validity and effectiveness of the proposed study model.
Among the most important findings of this research:

There is a strong direct correlation between environmental governance and the social responsibility of industrial companies in three dimensions (environmental performance, internal environmental innovation, and integration with sustainable suppliers.
There is a direct correlation between the social responsibility of the industrial companies and the value of the shares of these companies in four dimensions (the social dimension, the environmental dimension, the relationship with customers dimension, and the legal dimension.

The most important research recommendations were:

Working on the use of environmental management accounting tools in measuring and evaluating the environmental dimension of the organization.
Issuing an audit standard that is compatible with the requirements of reviewing the environmental aspects in the organizations according to the nature of the work of each organization in terms of the products or services it provides.

Keywords: environmental governance, corporate social responsibility, social dimension of social responsibility, legal dimension of social responsibility, environmental dimension of social responsibility.

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Journal of Environmental Science
Volume 52, Issue 8 - Serial Number 8
Part 3: of Environmental Economics Sciences
August 2023
Pages 79-103

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