أثر السلوك اللامسؤول اجتماعيا على العوائد غير العادية للأسهم وفق أسلوب تحليل الحدث حالة فولكس فاكن

Abstract EN

The Study analyzes the impact of social irresponsibility on a company’s stock return.

It addresses the particular case of Volkswagen AG.

We found that social responsibility is governed by strict laws and ethics.

When a company asserts publicly that social responsibility is one of its top priorities it would be better to stick to it.

Any deviation from this perspective whether on purpose or not mainly through falsification would lead to a social responsibility crisis.

The latter would negatively affect many of the company’s financial indicators including stock returns that will be reduced instantaneously