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Firm Performance and Corporate Social Environmental Initiatives in the Wake of a Health Pandemic

OMOIKE, OSEREME AMIOLEMEN and Uwuigbe, U. and Alege, P. O. and Uwuigbe, O. R. and Nosakhare, Osazuwa Peter and Asiriuwa, Osariemen (2020) Firm Performance and Corporate Social Environmental Initiatives in the Wake of a Health Pandemic. International Journal of Financial Research, 11 (6). pp. 211-218. ISSN 1923-4023 E-ISSN 1923-4031

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The study re-examines the relationship between firm share price performance and Corporate Social Environmental Reporting (CSER) initiatives in the wake of a global health pandemic. A comparative analysis was done between the contributions made by listed and non-listed firms in Nigeria towards the pandemic. A comparative analysis of the share price (SP) of listed companies was carried out before the announcement of the pandemic, after the announcement of the pandemic and COVID -19 contributions. A panel regression analysis was conducted. It involved a sample of 70 listed firms in the Nigerian Stock Exchange over a five-year period (2013-2017). The comparative analysis of contributions revealed that listed firms though fewer in number made significantly more contributions than unlisted firms. The study found significant drop in SP after the announcement of a pandemic by the World Health Organisation (WHO). The study also found that SP performance and firm size has a positive and significant relationship with CSER initiatives. The analysis of contributors from listed and non- listed firms in Nigeria towards COVID-19 reveal that only corporate organizations with adequate resource slack can make significant contributions to curtail the spread of the epidemic. The study recommends that corporate organizations should pursue financial capacity in other to make significant CSER investments and expect a change in societal demands and stakeholder expectations in the no distant future.

Item Type: Article
Uncontrolled Keywords: Covid-19, pandemic, share price, slack resources, World Health Organization
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 17 Nov 2021 10:05
Last Modified: 17 Nov 2021 10:05

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