الفهرس 
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Abstract
Purpose – This study aims to investigate the impact of corporate social responsibility performance on the relationship between cash holdings and enterprise risk. Using 30 Egyptian companies listed on the S&P/ EGX ESG Index through the period from 2008 to 2018, an empirical study is conducted to reach decisive evidence regarding the nature and direction of the research variables.
Design/methodology/approach – An applied study is carried out by the researcher to test the validity of the research hypotheses. To examine the relationship between enterprise risk and value of cash holdings, two different channels are employed: systematic risk and idiosyncratic risk.
CSR performance (measured by S&P/ EGX ESG Index listed on the Egyptian Stock Exchange) is introduced to the equation to assess its impact on the previous relationship for the time spanning 2008–2018. Data analyses are prepared using E-Views 12.
Findings – Findings based on multiple regression analysis indicate that there is a significant negative relationship between enterprise risk and corporate cash holdings. The researcher also finds strong evidence that systematic risk channel is useful in linking corporate social responsibility performance (CSRP) and corporate cash holding.
Originality/value – The findings are robust to a broad discrepancy of econometric approaches and alternative determinants of cash holdings, corporate social responsibility, and enterprise risk. Hence, they stipulate strong evidence for the significance of corporate social responsibility in identifying corporate cash holdings.
Keywords Corporate social responsibility, Cash Holdings, Systematic Risk, Idiosyncratic risk, Environmental, Social and Governance Index.