International Academic Journal of Economics

  • ISSN 2454-2474

The relationship between social responsibility and performance results of listed companies in Tehran Stock Exchange

Faramarz Mirzaei Domabi

Abstract: Performance measurement in the decision-making process regarding the important role of the capital market is the most important issue of financial economics; The function of economic and financial measures to evaluate the performance of companies is necessary. The aim of this study was to investigate the relationship between social responsibility and performance results of listed companies in Tehran Stock Exchange, is. This 5-year study period between 2008 to 2013, and the firms in the sample were selected on the basis of systematic elimination. It is considered a functional correlation And by using descriptive statistics such as mean and median of central tendency and Scattering parameters such as standard deviation analysis examined data And to test the significance of the model (regression coefficient significance test each of the test (T) and the autocorrelation test was applied. In this study, we used zero-one dummy variable for social responsibility so that if the Company issues related to the environment, voluntary measures, stakeholder participation, energy, human resources, customer, improve the quality of life and society under the covers disclose in its financial statements, the score is 1, otherwise it will be zero. Other criteria included the company's financial performance, net profit, return on assets, return on equity, the ratio of price to earnings ratio and earnings per share are Tobin's Q ratio. The results showed that all criteria for financial performance of companies in corporate social responsibility are significant and positive impact.

Keywords: Accounting standards for financial performance

Page: 34-42

Volume 1, Issue 1, 2014