The Effect of Occupational Safety and Health Administration and Corporate Social Responsibility Implementation on Firm Valuation: Case of Egypt An Empirical Study

سامیة السید محمد, نهاد حسنی یوسف
2019 مجلة البحوث التجاریة  
Sustainability means protecting natural environment, human and ecological health, while driving innovation and not compromising ways of life. Occupational safety and health administration (OSHA) and corporate social responsibility (CSR) programs are essential for achieving sustainability. Many firms are reluctant to report occupational safety and health administration and corporate social responsibility programs believing that it will negatively affect their future earnings. This reluctance is
more » ... This reluctance is motivated by the background presented in the stakeholders and management theories. Therefore, the current study aimed at determining the effect of the implementation of Occupational safety and health administration and corporate social responsibility programs on future earning of firms listed in the corporate social responsibility index in Egypt. There are 20 Egyptian firms listed in the corporate social responsibility index after excluding banks and financial institutions, the current study was executed on data gained from year 2004-2017 about 12 firms after excluding banks and some financial institutions as they are committed to different accounting system. Results proved that the implementation of OSHA and CRS programs have a significant effect on firm's future earnings. Results are discussed, recommendations are presented, and based on study limitations, several future researches are suggested. Keywords: Sustainability -Occupational safety and health administrationcorporate social responsibility -future earnings-corporate social responsibility index. ‫ا‬ : ‫م‬ ‫ر‬ ‫وا‬ ‫وا‬ ‫ا‬ ‫م‬ ‫ھ‬ ‫ا‬
doi:10.21608/zcom.2019.122406 fatcat:6rtuzq6yjzdyffdqsacwo22rh4