The Impact of Financial Leverage and CSR on the Corporate Value: Egyptian Case

Tarek, Yasmeen

doi:10.5539/ijef.v11n4p74

Cited by 10 publications

(8 citation statements)

References 5 publications

(2 reference statements)

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“…If a company is able to maximize the benefits provided by stakeholders, there will be a sense of stakeholder satisfaction so it will increase the firm value. This study supports previous research conducted by Putri & Suprasto (2016) and Chang et al ( 2019), but does not support the research of Tarek (2019).…”

Section: Resultssupporting

confidence: 56%

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Determinants of Firm Value in Indonesia: Financial Factors or Non Finan-cial Factors?

Pujiati¹,

Averina²

2022

IJMABER

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Firm value plays an important role for public companies because it can affect investor perceptions. The company is always trying to improve the quality of the company to be able to compete in the capital market to attract investors. The success of the company can only be achieved through good company management, improving company performance, so that in the end it can increase company value. This study aims to examine the factors that affect firm value in Indonesia. The factors used in this study are corporate social responsibility, environmental disclosure, ownership concentration, and earnings quality. The research sample is manufacturing companies on The Indonesia Stock Exchange with a research period of 2017-2019. The research sample consists of 127 observations. Data were analyzed using linear regression. The results of this study show that corporate social responsibility, environmental disclosure, and ownership concentration affected firm value, while earnings quality did not affect a firm's value in Indonesia. This study implies that non-financial factors determine to firm's value more than financial factors.

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Section: Resultssupporting

confidence: 56%

“…Putri & Suprasto (2016) and Chang, Shim, & Yi (2019) explain that CSR is positively related to firm's value. However, Tarek (2019) shows that CSR does not have a relationship with the value of the companies.…”

Section: Introductionmentioning

confidence: 98%

Determinants of Firm Value in Indonesia: Financial Factors or Non Finan-cial Factors?

Pujiati¹,

Averina²

2022

IJMABER

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“…Diantaranya penelitian Shim et al (2021), dengan menggunakan triple bottom line menunjukkan bahwa antara CSR dengan nilai pasar buku perusahaan memiliki hubungan yang signifikan. Kemudian penelitian oleh Tarek (2019), menunjukkan hasil bahwa tidak ditemukan pengaruh signifikan dari diterapkannya CSR terhadap nilai perusahaan. Kemudian, Nahda & Harjito (2011) mendapatkan hasil penelitian yaitu dari pengungkapan CSR yang dilakukan terhadap nilai perusahan, ditemukan adanya pengaruh yang signifikan.…”

Section: Pendahuluanunclassified

Pengaruh corporate social responsibility (csr) terhadap nilai perusahaan dengan corporate governance sebagai variabel mediasi

Nida

2022

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The purpose of this research was to determine effect Corporate Social Responsibility or CSR to firm value. Then also to analyze the relationship between CSR and firm value whether it can be mederated by Corporate Governance. This study uses a quantitative approach, to obtain a research sample, it is carried out using a purposive sampling method, the sample is taken by setting certain criteria. The total sample obtained is 17 company samples, the companies must be listed in the Corporate Governance Perception Index (CGPI) ranking and also registered on the Indonesia Stock Exchange (IDX). Then after the data has been collected, analyzed using descriptive analysis and regression analysis using SPSS Statistics 24 software. Based to the research output, indicate that CSR has a significant effect on firm value and as a moderating variable, Corporate Governance is able to strengthen the relationship between CSR and firm value

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“…According to previous studies, many factors affect CSR. In addition to company-related factors, such as firm size [2][3][4], firm age [5][6][7], board size, [8][9][10], leverage, [11][12][13], etc., other factors may affect CSR, e.g., religion [14,15], culture [16,17], and corporate location [18,19]. In the field of international operations, these factors have been explored, and an interesting question has arisen: how does distance affect CSR activities?…”

Section: Introductionmentioning

confidence: 99%

CSR in China: Does Being Close to the Central or Local Government Matter?

2021

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The purpose of this research was to determine how geographic distance affects corporate social responsibility (CSR) activities within China. Our argument focuses on whether the impact of the distance between countries on CSR activities also applies to the impact of the distance within a country between Chinese enterprises and local governments and the central government on CSR. Most previous studies of the impact of geographic distance on CSR focused on the distance between countries, reporting opposing claims. Multinational enterprises (MNEs) need to overcome the liability of foreignness (LOF) in host countries: the greater the distance, the worse the disadvantage. MNEs will choose CSR to shorten the distance from the host country. Hence, CSR activities should have a positive relationship with the distance from the host country. Conversely, due to the various differences caused by distance, it is difficult for the national sovereignty of the home country and the host country to resonate, so the distance between CSR activities and the host country should be negatively related. In this study, 5147 companies listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from the China Stock Market and Accounting Research (CSMAR) database from 2009 to 2018 were selected as the research objects to analyze the impact of the geographical distance between companies and the Central Government and local governments on CSR activities within China. Our results show that the effect of the distance between countries on CSR also applies within countries, and our results support the argument that distance and CSR are negatively correlated. This research enriches the understanding of CSR practices of Chinese domestic companies and provides new inspiration for multinational companies that plan to enter China in overcoming LOF.

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The Impact of Financial Leverage and CSR on the Corporate Value: Egyptian Case

Cited by 10 publications

References 5 publications

Determinants of Firm Value in Indonesia: Financial Factors or Non Finan-cial Factors?

Determinants of Firm Value in Indonesia: Financial Factors or Non Finan-cial Factors?

Pengaruh corporate social responsibility (csr) terhadap nilai perusahaan dengan corporate governance sebagai variabel mediasi

CSR in China: Does Being Close to the Central or Local Government Matter?

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