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Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic

Saeed Rabea Baatwah, Adel Ali Al-Qadasi, Amer Mohammed Al-Shehri and Imen Derouiche

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: COVID–19 is causing economic panic among people, governments, and businesses, requiring greater corporate social responsibility (CSR). Using a sample of Omani-listed firms, this study shows that CSR budgeting and spending have increased considerably during the pandemic. It also shows that CSR budgeting is positively affected by the increase in COVID–19 deaths. CSR spending increases with the number of COVID–19 confirmed and fatal cases. These findings suggest that firms resort to CSR to reduce the negative consequences of the pandemic.

Keywords: COVID–19; Corporate social responsibility (CSR); CSR budgeting; CSR spending; Oman (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/

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