Reference : Corporate social responsibility budgeting and spending during COVID–19 in Oman: A hum...
Scientific journals : Article
Business & economic sciences : Finance
Corporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
Baatwah, Saeed Rabea mailto [Shaqra University, Afif, Saudi Arabia]
Al-Qadasi, Adel Ali mailto [Shaqra University, Aldwadmi, Saudi Arabia]
Al-Shehri, Amer Mohammed mailto [College of Business, King Khalid University, Abha, Saudi Arabia]
Derouiche, Imen mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Economics and Management (DEM) >]
Finance Research Letters
Yes (verified by ORBilu)
[en] COVID-19 ; Corporate social responsibility ; CSR budgeting CSR spending
[en] 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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