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:: Volume 4, Issue 7 (9-2019) ::
aapc 2019, 4(7): 241-269 Back to browse issues page
Investigating the Impact of Company Life Cycle on Corporate Social Responsibility with Emphasis on Financial Resources in Companies Listed on Tehran Stock Exchange
Reza Jamei 1, Benyamin Azizi2 , Rana Karami3
1- Assistant professor of Accounting, University of Kurdistan (UOK), Iran (Corresponding Author). , r.jamei@uok.ac.ir
2- M.A in Accounting, University of Kurdistan (UOK), Iran .(benyaminazizi90@gmail.com)
3- M.A in Accounting, University of Kurdistan (UOK), Iran.(Ranakarami123@gmail.com)
Abstract:   (2943 Views)
Corporate social responsibility (CSR) has become an integral part of conducting business around the world. In this study, the impact of different stages of the company life cycle on corporate social responsibility has been investigated. Also quadruple financial resources, corporate size, profitability, cash resources and financial leverage have been used as moderator variables. In order to achieve the research purposes, 111 companies from listed companies in the Tehran Stock Exchange during the years 2011-2017 were selected by systematic elimination sampeling method and a tota of 777 firm-years observation of the company was considered for the analysis. To test the hypotheses of the research, multiple regression model and panel data were used. The findings of the study showed that during growth and maturity stages, companies are more responsible for social responsibility. But in the shake out stages, no findings indicative showing social of responsibility of companies were found. In addition, the findings of the study showed that in the stages of maturity, the corporate size moderator variable, and the financial leverage moderator variable affects the impact of company life cycle on corporate social responsibility, but the moderator variables modifying profitability and cash resources do not affect the impact of company life cycle on corporate social responsibility.   The findings of the study show that in Iran, companies are investing in social responsibility activities in order to create competetive advantage, gain general trust, and attract capital and resources in the stages of growth and maturity.
 
Keywords: Corporate Life Cycle, Corporate Social Responsibility, Financial Resource
Full-Text [PDF 274 kb]   (1121 Downloads)    
Type of Study: Applicable | Subject: Special
Received: 2018/08/24 | Accepted: 2019/01/7 | Published: 2019/09/15
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jamei R, azizi B, karami R. Investigating the Impact of Company Life Cycle on Corporate Social Responsibility with Emphasis on Financial Resources in Companies Listed on Tehran Stock Exchange. aapc 2019; 4 (7) :241-269
URL: http://aapc.khu.ac.ir/article-1-477-en.html
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Volume 4, Issue 7 (9-2019) Back to browse issues page
دوفصلنامه علمی حسابداری ارزشی و رفتاری journal of Value & Behavioral Accounting
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