[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Home::
Journal Information::
About the Journal
Aims& Scopes
Editorial Board ::
Articles archive::
All Issues
Current Issue
Publication Ethics::
For Authors::
Guide for Authors
Submission Form
Peer Review Process::
Reviewers Section
Registration::
Registration Form
Site Facilities::
Site map
Search contents
FAQ
Top 10 contents
Inform to friends
Contact us::
Contact Information
Contact us
::
Search in website

Advanced Search
..
Receive site information
Enter your Email in the following box to receive the site news and information.
..
:: Volume 1, Issue 2 (3-2017) ::
aapc 2017, 1(2): 193-213 Back to browse issues page
Relationship between social responsibility reporting with company value and risk for companies registered in Tehran Stock Exchange
Roya Darabi 1, Seyed Hesam Vaghfi2 , Maryam Salmanian3
1- Associate Professor of accounting, Islamic Azad University, Tehran South .(Corresponding author) , royadarabi110@yahoo.com
2- Department of Management, Economics and Accounting, Payame Noor University, I.R. of Iran (h.vaghfi2012@gmail.com)
3- ph.d studentIslamic Azad University, Tehran South
Abstract:   (9637 Views)

In addition to consider company's interest and rights managers should consider people's welfare, comfort and their needs and wants in the community and involve in them as a moral issue for the company. On the other handmanger decisions and behaviors should notcause any harm, loss or damage for the community and its people. The purpose of this study is to investigate the relationship between social responsibility reporting and its aspects such as environment, employee welfare, social activity and energy consumption and the risk and value of company. We examined 276 year-company observations for company listed in Tehran Stock Exchange between 2013 and 2015. In order to analyze the data, we used significant multiple regression analysis through Eviews 8. The results showed that there is significant relationship between social responsibility and risk and value of the company.
Keywords: Social Responsibility Reporting, Firm Value, Systematic Risk
Full-Text [PDF 195 kb]   (5087 Downloads)    
Type of Study: Research | Subject: Special
Received: 2015/12/22 | Accepted: 2016/03/6 | Published: 2017/03/19
References
1. Aupperle, K.. Carroll, A. & Hatfield, J. (1985).An empirical examination of the relationship between corporate social responsibility and profitability, Academy of Management Journal, 28,PP: 446-63.
2. Berman, S., Wicks, A., Kotha, S. & Jones, T. (1999). Does stakeholder orientation matter? The relationship between stakeholder management models and firm financial performance, Academy of Management Journal , 42,PP: 488-506.
3. Buckly, M.R.D.S.Beu.D.D.Frink.(2001).Ethical Issues in Human Resources Systems , Human Resource Management Review ,No.11,PP;11-29
4. Castelo, M. & Lima, L. (2006).Corporate social responsibility and resource-based perspectives, Journal of Business Ethics, 69,PP: 111-132
5. Chen, Long and Srinidhi, Bin and Tsang, Albert and Yu, Wei,
6. Choi, Jong-Seo; Kwak, Young-Ming; Choe, CHongwoo. (2010). Corporate social responsibility and corporate financial performance: Evidence from Korea. Australian Journal of Management, 53 (3) ,PP: 291-311.
7. Dagiliene, Lina. , (2013). The influence of corporate social reporting to companys value in a developing economy. Procedia Economics and Finance. Vol 5, pp: 212-221.
8. Donaldson, T. L., & Preston,,L. E. (1995). The stakeholder theory of the corporation: Concepts, evidence, and implications, Academy of Management Review, 20,PP: 65-91.
9. Faff, R. W., Brooks. R. D. H. Yew Kee (1999),
10. Ferns, B. , Prakash S, S. , (2012). Emerging trends in corporate social responsibility (CSR) reporting by large corporations: a comparative analysis of corporate CSR reports by Western European and North American corporations, The Fifth ISBEE World Congress. Warsaw, Poland.
11. Jamali , D.(2007).The Case for Strategic Corporate Social Responsibility in Developing Countries , Business and Society Review , 112,PP:1,1-27.
12. Jiao, Yawen. , (2010). Stakeholder welfare and firm value. Journal of Banking and Finance, Vol 34, pp: 2549–2561.
13. Jones, T. M. (1995). Instrumental stakeholder theory: A synthesis of ethics and economics, Academy of Management Review, 20,PP: 404¬437.
14. Kim, Yongtae and Li, Haidan and Li, Siqi, Corporate Social Responsibility and Stock Price Crash Risk (February 18, 2014). Journal of Banking and Finance, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2397629
15. Kok, P. Wiele, T. McKenna, R. & Brown, A. (2001).A corporate social responsibility audit within a quality management framework. Journal of Business Ethics, 31(4),pp: 287.
16. Mishra, Dev R,. Sadok El Ghoul. , Omran Guedhami. , Chuk C. Y. Kwok. , (2011). Does Corporate Social Responsibility Affect the Cost of Capital?. Journal of Banking & Finance , Vol. 35, Issue 9, pp. 2388- 2406.
17. Nelling, Edward; Webb, Elizabeth. (2009). Corporate social responsibility and financial performance: The “virtuous circle” revisited. Review of Quantitative Finance and Accounting, 32 (2) , PP:197-209.
18. Orlitzky, M. Schmidt, F. L. & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis. Organization Studies, 24,pp: 403-441.
19. Preston , L. & O'Bannon, D. (1997).The corporate social-financial performance relationship.A typology and analysis. Business and Society, 36,pp: 419-429.
20. Samy, Martin; Odemilin, Godwin; Bampton, Roberta. (2010). Corporate social responsibility: a strategy for sustainable business success. An analysis of 20 selected British companies, Journal of Corporate Governance, 10 (2) ,pp: 203-217.
21. Sandhu, H S; Kapoor, Shveta. (2010). Corporate social responsibility initiatives: An analysis of voluntary corporate disclosure. South Asian Journal of Management, 17 (2) , 47-80.
22. Serafeim,George. ,Ioannou,Ioannis. (2013). The Impact of Corporate Social Responsibility on Investmment Recommendations. Available at: http: //ssrn. com/abstract=1507874.
23. Servaes,Henri. ,Tamayo, Ane. (2013). The Impact of Corporate Social Responsibility on Firm Value: The Role of Customer Avareness. Management Science,Vol 59,Issue 5, pp:1045-1061
24. Simpson, W. Gary; Kohers, Theodor. (2002). The link between corporate social and financial performance: evidence from the banking industry. Journal of Business Ethics, 35 (2), pp:97-109.
25. Sinder ,J.Ronald , P.& Martin,D.(2003).corporate social responsibility in the 21st century : A view from the world's most successful firms , Journal of Business Ethics, 48(2),pp:175-187.
26. Soyka, P.A. and Ameer, P.G. (1997) Does Improving a Firm’s Environmental Management System and Environmental Performance Result in a Higher Stock Price?Journalof Investing, 6, 87-97. http://dx.doi.org/10.3905/joi.1997.87
27. Tsoutsoura, Margarita. (2004). Corporate social responsibility and financial performance. University of California at Berkeley, financial project.
Add your comments about this article
Your username or Email:

CAPTCHA

XML   Persian Abstract   Print

Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
Darabi R, Vaghfi S H, Salmanian M. Relationship between social responsibility reporting with company value and risk for companies registered in Tehran Stock Exchange. aapc 2017; 1 (2) :193-213
URL: http://aapc.khu.ac.ir/article-1-147-en.html
Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 1, Issue 2 (3-2017) Back to browse issues page
دوفصلنامه علمی حسابداری ارزشی و رفتاری journal of Value & Behavioral Accounting
Persian site map - English site map - Created in 0.08 seconds with 37 queries by YEKTAWEB 4666