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

Shaker Al Ani Mawih K. () and Jamil Syed Ahsan ()
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Shaker Al Ani Mawih K.: Ph.D. Assistant Professor Department of Accounting and Finance College Of Commerce and Business Administration Dhofar University, Salalah, Sultanate of Oman
Jamil Syed Ahsan: Ph.D. Associate Professor Department of Accounting and Finance College Of Commerce and Business Administration Dhofar University, Salalah, Sultanate of Oman

South East European Journal of Economics and Business, 2015, vol. 10, issue 1, 45-54

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.

Keywords: corporate citizenship activities; financial performance; fair market value of shares; return on assets and return on equity (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:10:y:2015:i:1:p:45-54:n:5

DOI: 10.1515/jeb-2015-0005

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