THE IMPACT OF THE EGYPTIAN INDEX OF CORPORATE RESPONSIBILITY FOR SUSTAINABLE DEVELOPMENT ON FINANCIAL PERFORMANCE A FIELD STUDY ON SOME COMPANIES LISTED ON THE EGYPTIAN STOCK EXCHANGE

Document Type : Review Article

Authors

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

2 Faculty of commerce, Ain shams university.

3 Misr Higher Institute of Commerce and Computers.

Abstract

This study examined the impact of the Egyptian Corporate Responsibility Index on financial performance, which will contribute to improving the level of well-being of society and reducing social, economic and environmental problems. The study followed the deductive approach, in which questionnaires were used in order to collect the necessary primary data to identify the variables of the study to verify and analyze the hypotheses. Financial statements, final accounts, and reports on social efforts that are announced via the Internet were also used.
The results showed that there is A strong correlation between the variables and dimensions of governance, social and environmental responsibility with the rate of return on equity index at the level of all results for companies inside/outside the (EGX30) index. There is an effect on some of the variables and dimensions of governance,  it showed a direct relationship between the variables and dimensions of governance, social responsibility, environmental responsibility, and the responsibility of the establishment towards the external environment, while there is an inverse relationship between the variables and dimensions of governance, social responsibility, environmental responsibility, and external and internal social responsibility. These results were at the level of the results of companies within the index only, and there are no results for companies outside the index. There is an impact of some variables and dimensions of governance, social responsibility and environmental responsibility at the level of companies within the index, as it was explained that there is a direct effect of the responsibility of the establishment towards the external environment, while there is an inverse effect of external Responsibility.
 
 
 

Main Subjects

Journal of Environmental Science
Volume 52, Issue 11 - Serial Number 11
Part3: Environmental Economics, Law
November 2023
Pages 41-55

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