قياس تأثير الإفصاح الإلزامي للمسئولية الاجتماعية للشركات علي استجابة أسعار الأسهم لإعلانات الأرباح بالشركات المصرية المدرجة بالبورصة

الملخص EN

The research aimed to know the impact of the mandatory disclosure of social responsibility on the response of stock prices to the announcement of profits, by presenting the concept of social responsibility and its dimensions, the determinants of its disclosure, and the explanatory theories of social responsibility disclosure, then clarified the impact of social responsibility on the response of stock prices to the announcement of profits, as the study community relied on 30 joint stock companies whose shares are traded in the Egyptian stock market, which belong to different economic sectors.

Since the Egyptian stock market is characterized by economic fluctuations, frequent updates of the Egyptian governance guide and the nature of binding laws in the Egyptian stock market and the related disclosures, the study sample was chosen judiciously so that the companies are listed in the Egyptian index EGX 30, and the time series starts from the year 2014 to 2021.

This sample recorded 240 views (30 companies x 8 years), and the research concluded that an increase in the level of total disclosure of social responsibility leads to an increase in the response of stock prices to the announcement of profits, as measured by the sudden profit coefficient associated with stock returns.

There is also a direct relationship between the accounting disclosure of social responsibility and the response of stock prices to the announcement of profits, as measured by the abnormal returns coefficient.