Accounting & Taxation المحاسبة والضرائب

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Browsing Accounting & Taxation المحاسبة والضرائب by Author "Amani Subhi Fares Ashhab"

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    The Effect of Creating Shared Value on Corporate Performance in Companies Listed on the Palestine Exchange
    (Al-Quds University, 2024-09-11) Amani Subhi Fares Ashhab; اماني صبحي فارس اشهب
    This study investigates the effect of Creating Shared Value (CSV) on the financial performance of companies listed on the Palestine Exchange from 2018 to 2022. The research uses a cross-sectional time series data method (Panel Data) and panel regression models to examine how CSV influences corporate performance. The study encompasses all Palestinian public companies proportionally distributed across five sectors, with a sample size of 42 companies over five years, including 210 observations. Key findings indicate that the mean value of Earnings Per Share (EPS) surpasses other financial performance measures, such as Return on Assets (ROA) and Return on Equity (ROE), during the study period. Financial performance showed a decline in 2020, an increase in 2021, and another decline in 2022. CSV has a statistically significant positive impact on overall financial performance, ROA, and ROE. A detailed analysis reveals that manufactured, social, and human capital significantly positively affect ROA and ROE, with manufactured capital being the most influential factor in ROA and human capital for ROE. For EPS, financial and human capital have a significant positive impact, with financial capital being the most influential measure. overall, the study concludes that CSV significantly enhances financial performance, with the most pronounced effects observed in ROA, followed by ROE and EPS. Finally, we recommend many recommendations, the most important of which: companies listed on the Palestine Exchange should enhance their CSV initiatives, focusing particularly on manufactured, social, and human capital, as these have shown a significant positive impact on ROA and ROE, Human capital has shown to be the most influential for ROE. Companies should invest in employee development programs, training, and other initiatives that enhance employee skills and satisfaction. They should also conduct further research to explore the impact of CSV on other financial performance measures not covered in this study, i.e., tailor CSV strategies to specific sectors. Since the study includes various sectors, it would be beneficial to analyze sector-specific data to identify which CSV practices are most effective in each sector. This could provide a more comprehensive understanding of the benefits of CSV. Keywords: Creating Shared Value, Financial Performance, Manufactured capital, Intellectual Capital, Working Capital, Social Capital, Financial Capital, Human Capital, Return on Assets, Return on Equity, Earnings Per Share.