HAMIDREZA GANJI; Mehran Jahandoust Marghoub; Vahid Menati; Seyed Rasoul Rasoul Hosayni
Abstract
Corporate Social Responsibility (CSR) concept is closely related to the notion of sustainable development and the outcome of the approach of sustainable development is specific consideration to disclosure and reporting of CSR. One of the factors that seems to be less considered in the Iranian economic ...
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Corporate Social Responsibility (CSR) concept is closely related to the notion of sustainable development and the outcome of the approach of sustainable development is specific consideration to disclosure and reporting of CSR. One of the factors that seems to be less considered in the Iranian economic environment and research is the competitive nature of the product market in today's highly competitive and sensitive environment. So, the main aim of this paper is to investigate the moderating effect of competition in the product market on the debts ratio and the CSR relation among companies listed on the Tehran Stock Exchange. The independent variable in this study is CSR; and the dependent variable is the debts ratio. In order to investigate this issue, the research sample was determined using the systematic elimination method and 97 companies were selected during a 7-year period from 2012 to 2018. Multivariate regression was used to analysis the data and test the hypothesis. For this purpose, output-oriented BCC model has been used to measure the CSR of companies and the Lerner index has been used as a representative of competition in the product market. The results show that high competition in the product market has a moderating effect on the relations between CSR and debts ratio. In other words, in a situation where competition in the product market is high; Firms adopt lower debts ratio by fulfilling their social responsibilities. the investigation of the moderating effect of competition, is the distinguishing feature of our research compared to other studies. Therefore, players of industry, business, creditors and investors should have pay attention to the intensity of competition in the market.
Elham Hamidi; Javad Nikkar; Mostafa Hashemi Tilehnouei
Abstract
Corporate social responsibility (CSR) is a fundamental factor for the survival of any organization. Companies and institutions are active in a society that provides them various opportunities to earn profits and realize their goals. The increasing importance of corporate social responsibility and the ...
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Corporate social responsibility (CSR) is a fundamental factor for the survival of any organization. Companies and institutions are active in a society that provides them various opportunities to earn profits and realize their goals. The increasing importance of corporate social responsibility and the costs required by companies to operate and participate in these issue has led to the purpose of this study to investigate the impact of corporate social responsibility on the managers' behaviors in companies listed on the Tehran Stock Exchange. This study is based on purpose, application and data analysis in the field of causal descriptive studies. In this study, the reflection of managers’ myopic and optimistic behaviors is considered as managers' behaviors. Therefore, two hypotheses were developed to investigate this issue, and data from 174 listed companies were analyzed from 2008 to 2018. The regression model of the research was evaluated using a panel data method with a fixed-effects approach and logistic regression method. The result showed that the fulfillment of corporate social responsibility has a significant negative effect on the optimistic behavior of managers and decreases this type of behavior by managers. On the other hand, the results confirmed that accomplishing corporate social responsibility does not have a significant effect on managers' myopic behavior.
Mohsen Hemmati; Naghi Fazeli; Seyfolah Saedodin
Abstract
The evaluation of corporate social responsibility has gained significance over the past decade due to the importance of natural and environmental resources. Many studies have been conducted on corporate social responsibility and the presented related models, which add to the importance of this report. ...
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The evaluation of corporate social responsibility has gained significance over the past decade due to the importance of natural and environmental resources. Many studies have been conducted on corporate social responsibility and the presented related models, which add to the importance of this report. However, in addition to its significance, many researchers also believe that corporate social responsibility evaluation models lack the necessary efficiency due to different interpretations, lack of transparency, and abuse of some companies in order to deceive and commit fraud. Therefore, the aim of this research is to present a model to evaluate corporate social responsibility using value added, which can be a suitable criterion in evaluating the social responsibility of commercial entities. In the present study, first, a model was developed based on corporate social responsibility, and then, to test the model, social value added of Nano motor oil was studied as a case study. In this study, data was analyzed through pairwise comparison. The findings of the study conducted on the social value added of Nano motor-oil indicate economic efficiency of 40%, product social efficiency of 8%, and depicts a 38-times increase in social value added compared with its economic added value. Thus, Nano-engine oil producing companies are located on the corporate social responsible category and the corporate social responsibility in this product is on the third level (strong) that indicates the product’s efficiency in the community and can be a suitable incentive for all business organizations to pay more attention to their products’ environmental and social impacts.