International Journal of Accounting and Management Sciences (IJAMS)
April 2024
DOI https://www.doi.org/10.56830/IJAMS04202403
Authors
Samah Tarek Ahmed Hafez
Mohamed Ahmed Ibrahim Moawad
Abstract
This study examined the relationship between sustainability reports disclosure level and stock price crash risk, as its main goal is to answer the question “what is the relationship between the disclosure level of sustainability reports dimensions (economic, social, and environmental) and the stock price crash risk?” Using a sample of 20 companies listed in the Egyptian sustainability index S&P EGX ESG from 2017 to 2022. The proposed model and hypotheses were analysed using structural equation modelling. The results indicated that there is a statistically significant negative relationship between the disclosure level of all sustainability reports dimensions (economic, social, and environment) and stock price crash risk, as the increase of the level of disclosure in any sector of sustainability reports (economic, social, and environmental) leads to a decrease in the stock price crash risk for the companies in the study sample.
Keywords: Sustainability Reports Disclosure, Stock Price Crash Risk
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