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

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 budget...

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Autores principales: Baatwah, Saeed Rabea, Al-Qadasi, Adel Ali, Al-Shehri, Amer Mohammed, Derouiche, Imen
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8747781/
https://www.ncbi.nlm.nih.gov/pubmed/35035308
http://dx.doi.org/10.1016/j.frl.2022.102686
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author Baatwah, Saeed Rabea
Al-Qadasi, Adel Ali
Al-Shehri, Amer Mohammed
Derouiche, Imen
author_facet Baatwah, Saeed Rabea
Al-Qadasi, Adel Ali
Al-Shehri, Amer Mohammed
Derouiche, Imen
author_sort Baatwah, Saeed Rabea
collection PubMed
description 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.
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spelling pubmed-87477812022-01-11 Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic Baatwah, Saeed Rabea Al-Qadasi, Adel Ali Al-Shehri, Amer Mohammed Derouiche, Imen Financ Res Lett Article 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. Elsevier Inc. 2022-06 2022-01-11 /pmc/articles/PMC8747781/ /pubmed/35035308 http://dx.doi.org/10.1016/j.frl.2022.102686 Text en © 2022 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Baatwah, Saeed Rabea
Al-Qadasi, Adel Ali
Al-Shehri, Amer Mohammed
Derouiche, Imen
Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title_full Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title_fullStr Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title_full_unstemmed Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title_short Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
title_sort corporate social responsibility budgeting and spending during covid–19 in oman: a humanitarian response to the pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8747781/
https://www.ncbi.nlm.nih.gov/pubmed/35035308
http://dx.doi.org/10.1016/j.frl.2022.102686
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