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Corporate Social Responsibility and Stock Price Crash Risk: Evidence from an Emerging Market
| Content Provider | Directory of Open Access Journals (DOAJ) |
|---|---|
| Author | Shokrollah Khajavai Reza Taghizadeh Mohammad SadeghzadehMaharluie golamreza rezaee rezaee |
| Abstract | The main purpose of this study is to investigate the relationship between corporate social responsibility (CSR) and stock price crash risk of companies listed in Tehran Stock Exchange (TSE). The empirical data include 75 companies listed in the TSE, over the ten-year periods of 2007 to 2016. For measuring the CSR, content analysis is used. Moreover, negative skewness has been used to measure stock price crash risk. To test research hypotheses, statistical analysis of multiple linear regression has been used. The results of our analysis indicate that there is a significant and negative relationship between CSR and stock price crash risk. The present study contributes to the literature by providing empirical evidence about the role of CSR in stock price crash risk from an Islamic and developing country. |
| Related Links | https://ijaaf.um.ac.ir/article_24852_97d217dd4f760a125a9ddaf22b1226a5.pdf |
| ISSN | 27174131 |
| DOI | 10.22067/ijaaf.v2i1.66588 |
| Journal | Iranian Journal of Accounting, Auditing & Finance |
| Issue Number | 1 |
| Volume Number | 2 |
| e-ISSN | 25886142 |
| Language | English |
| Publisher | Ferdowsi University of Mashhad |
| Publisher Date | 2018-01-01 |
| Publisher Place | Iran |
| Access Restriction | Open |
| Subject Keyword | Accounting. Bookkeeping Finance Corporate Social Responsibility (csr) Stock Price Crash Risk Tehran Stock Exchange (tse) Islamic Country |
| Content Type | Text |
| Resource Type | Article |
| Subject | Finance Business, Management and Accounting |
