Kontaktujte nás | Jazyk: čeština English
dc.title | Does quality of corporate governance moderate the relationship between corporate social responsibility and stock price crash exposure | en |
dc.contributor.author | Bilal, Muhammad | |
dc.contributor.author | Hussain, Sarfraz | |
dc.contributor.author | Rafiq, Muhammad | |
dc.contributor.author | Ahmad, Nisar | |
dc.contributor.author | Quddus, Abdul | |
dc.contributor.author | Pham, Phat Tien | |
dc.relation.ispartof | Estudios de Economia Aplicada | |
dc.identifier.issn | 1133-3197 Scopus Sources, Sherpa/RoMEO, JCR | |
dc.date.issued | 2021 | |
utb.relation.volume | 39 | |
utb.relation.issue | 12 | |
dc.type | article | |
dc.language.iso | en | |
dc.publisher | Ascociacion Internacional de Economia Aplicada | |
dc.identifier.doi | 10.25115/eea.v39i12.6396 | |
dc.relation.uri | https://ojs.ual.es/ojs/index.php/eea/article/view/6396 | |
dc.subject | agency theory | en |
dc.subject | corporate governance structure | en |
dc.subject | signaling theory | en |
dc.subject | Corporate Social Responsibility | en |
dc.subject | stock price crash-risk | en |
dc.description.abstract | The relationship between corporate social responsibility and vulnerability to stock market crashes and how this relationship is moderated by the norm of corporate governance was empirically explored in this research article. This study used a panel data analysis using a group of 58 companies selected during the years 2009-2018 from operating in various industries hawking their stock on the Pakistan Stock Exchange (PSX) to investigate this interaction effect. To quantify the company's share price probability of a crash, an inverse restrictive skewness (NCSKEW) of returns and bottom-to-up variance (DUVOL) spread has been used as a proxy. The results of this research suggest that the risk of a share price slump is adversely and significantly linked to CSR. Consistency structures of governance mechanisms (size of the board, percentage of autonomous directors on board, concentration of ownership, percentage of executive directors onboard) have a substantial moderating impact on the risk of a fall of the share price. © 2021 Ascociacion Internacional de Economia Aplicada. All Rights Reserved. | en |
utb.faculty | Faculty of Management and Economics | |
dc.identifier.uri | http://hdl.handle.net/10563/1010735 | |
utb.identifier.obdid | 43882709 | |
utb.identifier.scopus | 2-s2.0-85120494481 | |
utb.source | j-scopus | |
dc.date.accessioned | 2021-12-22T11:51:36Z | |
dc.date.available | 2021-12-22T11:51:36Z | |
dc.rights | Attribution-NonCommercial-ShareAlike 4.0 International | |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | |
dc.rights.access | openAccess | |
utb.contributor.internalauthor | Quddus, Abdul | |
utb.contributor.internalauthor | Pham, Phat Tien | |
utb.fulltext.affiliation | MUHAMMAD BILAL1, SARFRAZ HUSSAIN2, MUHAMMAD RAFIQ3, NISAR AHMAD4,ABDUL QUDDUS5, TIEN PHAT PHAM6 1 AIR UNIVERSITY ISLAMABAD (Multan Campus) Multan, PAKISTAN Government College Civil lines Multan, Email: mbilal77kg@gmail.com 2 UNIVERSITI TEKNOLOGI MALAYSIA, Kuala Lumpur, MALAYSIA GOVT. IMAMIA COLLEGE SAHIWAL, PAKISTAN, Email: mianfraz1@gmail.com 3 UNIVERSITI TEKNOLOGI MALAYSIA, Kuala Lumpur, MALAYSIA PRINCE MOHAMMAD BIN FAHD UNIVERSITY, Akhobar, Dammam, SAUDI ARABIA, Email: mrafiq@pmu.edu.sa 4 Assistant Professor Hailey College of Commerce, UNIVERSITY OF THE PUNJAB LAHORE, PAKISTAN. Email: nisar@hcc.edu.pk 5 TOMAS BATA UNIVERSITY IN ZLIN, CZECH REPUBLIC, Email: quddus@utb.cz 6 TOMAS BATA UNIVERSITY IN ZLIN, CZECH REPUBLIC SCHOOL OF ECONOMICS, CAN THO UNIVERSITY, VIETNAM, Email: phamphattien@gmail.com | |
utb.fulltext.dates | Received: June 22, 2021 Accepted: September 18, 2021 | |
utb.fulltext.sponsorship | - | |
utb.scopus.affiliation | AIR UNIVERSITY ISLAMABAD (Multan Campus), Multan, Pakistan; Government College Civil lines, Multan, Pakistan; UNIVERSITI TEKNOLOGI MALAYSIA, Kuala Lumpur, Malaysia; GOVT. IMAMIA COLLEGE SAHIWAL, Pakistan; PRINCE MOHAMMAD BIN FAHD UNIVERSITY, Akhobar, Dammam, Saudi Arabia; Hailey College of Commerce, UNIVERSITY OF THE PUNJAB LAHORE, Pakistan; TOMAS BATA UNIVERSITY IN ZLIN, Czech Republic; SCHOOL OF ECONOMICS, CAN THO UNIVERSITY, Viet Nam | |
utb.fulltext.projects | - | |
utb.fulltext.faculty | - | |
utb.fulltext.ou | - |