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

Author

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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)

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.

Suggested Citation

  • Shaker Al Ani Mawih K. & Jamil Syed Ahsan, 2015. "The Effect of Corporate Citizenship Activities (CCAS) on Financial Performance and Market Performance: The Omani Experience," South East European Journal of Economics and Business, Sciendo, vol. 10(1), pages 45-54, April.
    • Handle: RePEc:vrs:seejeb:v:10:y:2015:i:1:p:45-54:n:5
    DOI: 10.1515/jeb-2015-0005
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    Cited by:

    1. Kalinga Jagoda & Patrick Wojcik, 2019. "Implementation of risk management and corporate sustainability in the Canadian oil and gas industry," Accounting Research Journal, Emerald Group Publishing Limited, vol. 32(3), pages 381-398, September.

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