Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

In this study, the relationship of corporate social responsibility (CSR) spending and Market Stock Price was analyzed. The study sample comprised of 102 services firms listed on the Amman Stock Exchange (ASE) for the years 2010 to 2017. In particular, CSR spending reflects the actual CSR activities...

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Autores principales:	Mohammad Husam Odeh, Fadi Mohammed Alshannag, Bilal Eneizan, Abdelbaset M. Alkhawaldeh, Hebah Zaki Makhamreh
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	corporate social responsibility spending market-based performance market stock price amman stock exchange Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/c1bb683077764416892e6e62c47339ea
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spelling	oai:doaj.org-article:c1bb683077764416892e6e62c47339ea2021-12-02T15:59:46ZAnalysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms2331-197510.1080/23311975.2020.1746732https://doaj.org/article/c1bb683077764416892e6e62c47339ea2020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1746732https://doaj.org/toc/2331-1975In this study, the relationship of corporate social responsibility (CSR) spending and Market Stock Price was analyzed. The study sample comprised of 102 services firms listed on the Amman Stock Exchange (ASE) for the years 2010 to 2017. In particular, CSR spending reflects the actual CSR activities monetary contributions that are mandated to be disclosed in the firm’s income statement. This study adopted the Generalized Method of Moment (GMM) to analyze the CSR spending—Market Stock Price relationship. The control variables included firm size, leverage and ownership. Based on the findings, no significant relationship exists between CSR spending and market stock price (MSP) in any direction. Added to this, control variables had no effect on MSP. However, the findings showed a significant positive effect of firm size on CSR spending and a negative effect of leverage on CSR spending, with no significant effect of ownership on the same. This study has several implications for the enhancement of the information and understanding of the firms’ Market Stock Price as it shed light on the CSR spending—Market Stock Price relationship. Moreover, the study findings contribute to literature concerning CSR practices in the context of developing nations.Mohammad Husam OdehFadi Mohammed AlshannagBilal EneizanAbdelbaset M. AlkhawaldehHebah Zaki MakhamrehTaylor & Francis Grouparticlecorporate social responsibility spendingmarket-based performancemarket stock priceamman stock exchangeBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	corporate social responsibility spending market-based performance market stock price amman stock exchange Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	corporate social responsibility spending market-based performance market stock price amman stock exchange Business HF5001-6182 Management. Industrial management HD28-70 Mohammad Husam Odeh Fadi Mohammed Alshannag Bilal Eneizan Abdelbaset M. Alkhawaldeh Hebah Zaki Makhamreh Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
description	In this study, the relationship of corporate social responsibility (CSR) spending and Market Stock Price was analyzed. The study sample comprised of 102 services firms listed on the Amman Stock Exchange (ASE) for the years 2010 to 2017. In particular, CSR spending reflects the actual CSR activities monetary contributions that are mandated to be disclosed in the firm’s income statement. This study adopted the Generalized Method of Moment (GMM) to analyze the CSR spending—Market Stock Price relationship. The control variables included firm size, leverage and ownership. Based on the findings, no significant relationship exists between CSR spending and market stock price (MSP) in any direction. Added to this, control variables had no effect on MSP. However, the findings showed a significant positive effect of firm size on CSR spending and a negative effect of leverage on CSR spending, with no significant effect of ownership on the same. This study has several implications for the enhancement of the information and understanding of the firms’ Market Stock Price as it shed light on the CSR spending—Market Stock Price relationship. Moreover, the study findings contribute to literature concerning CSR practices in the context of developing nations.
format	article
author	Mohammad Husam Odeh Fadi Mohammed Alshannag Bilal Eneizan Abdelbaset M. Alkhawaldeh Hebah Zaki Makhamreh
author_facet	Mohammad Husam Odeh Fadi Mohammed Alshannag Bilal Eneizan Abdelbaset M. Alkhawaldeh Hebah Zaki Makhamreh
author_sort	Mohammad Husam Odeh
title	Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
title_short	Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
title_full	Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
title_fullStr	Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
title_full_unstemmed	Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms
title_sort	analysis of the relationship between corporate social responsibility (csr) spending and market stock price among jordanian service firms
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/c1bb683077764416892e6e62c47339ea
work_keys_str_mv	AT mohammadhusamodeh analysisoftherelationshipbetweencorporatesocialresponsibilitycsrspendingandmarketstockpriceamongjordanianservicefirms AT fadimohammedalshannag analysisoftherelationshipbetweencorporatesocialresponsibilitycsrspendingandmarketstockpriceamongjordanianservicefirms AT bilaleneizan analysisoftherelationshipbetweencorporatesocialresponsibilitycsrspendingandmarketstockpriceamongjordanianservicefirms AT abdelbasetmalkhawaldeh analysisoftherelationshipbetweencorporatesocialresponsibilitycsrspendingandmarketstockpriceamongjordanianservicefirms AT hebahzakimakhamreh analysisoftherelationshipbetweencorporatesocialresponsibilitycsrspendingandmarketstockpriceamongjordanianservicefirms
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Analysis of the relationship between corporate social responsibility (CSR) spending and market stock price among Jordanian service firms

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