دراسة تحلیلیة للاتجاهات البحثیة فی العلاقة بین الإفصاح عن أنشطة المسئولیة الاجتماعیة للشرکات ومخاطر انهیار أسعار الأسهم

Abstract

This study aims to review literature concerning the relationship between corporate social responsibility disclosure (CSRD), and stock price crash risk. The study begins with a conceptual framework of the included variables, then reviewing and analyzing previous studies, in a philosophical approach, to identify different insights in previous literature, by dividing these studies into three groups, according to its results.The results indicate the following: First, there is a relative scarcity in previous studies that tested the relationship between CSRD and stock price crash risk in emerging markets, specially, the Egyptian market, Second, regarding the direction of the relationship between CSRD and stock price crash risk, The previous studies showed contradicted results, and were not consistent enough. Some of these studies indicated a negative relationship between CSRD and stock price crash risk, on the other hand, other results indicated positive relationship. and finally: there is a deep need to test this relationship in the Egyptian stock market due to its distinctive characteristics.