The Effect of Corporate Citizenship Activities (CCAS) on Financial Performance and Market Performance: The Omani Experience-Reference-Cited by-同舟云学术

The Effect of Corporate Citizenship Activities (CCAS) on Financial Performance and Market Performance: The Omani Experience

Published:2015-04-01 Issue:1 Volume:10 Page:45-54
ISSN:2233-1999
Container-title:South East European Journal of Economics and Business
language:en
Short-container-title:

Author:

Shaker Al Ani Mawih K.¹,Jamil Syed Ahsan²

Affiliation:

1. Ph.D. Assistant Professor Department of Accounting and Finance College Of Commerce and Business Administration Dhofar University, Salalah, Sultanate of Oman

2. Ph.D. Associate Professor Department of Accounting and Finance College Of Commerce and Business Administration Dhofar University, Salalah, Sultanate of Oman

Abstract

Abstract The main objective of this study is to investigate and analyze the effects of corporate citizenship activities on the financial performance and market performance of Omani manufacturing companies in the Sultanate of Oman for the period 2009-2013. The Financial performance of companies is measured by two independent variables: return on assets (ROA) and return on equity (ROE). Market performance is measured by the fair market value of shares (FMV). CCAs are determined by the voluntary disclosures of corporate citizenship activities by the companies. The study concludes that there is a positive impact by CCAs on the financial and market performance of the Omani companies that leads to profit maximization.

Publisher

Walter de Gruyter GmbH

Subject

General Economics, Econometrics and Finance,General Business, Management and Accounting

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