In addition to being responsible for their owners, economic enterprises are required to fulfill their social responsibilities for public health as well. Social responsibility, on the one hand, leads to the consistency of economic benefits with environment and on the other hand, leads to the growth and sustainability of the company's business. The purpose of this study is to investigate the impact of social responsibility on corporate performance. The sample of the study consists of (92) companies that are active in the Stock Exchange during the period of (2002-2011). Designing a new pattern of social responsibility is done using DEA method and corporate performance measures include (return on assets, return on equity, real stock returns, Q-Tobin ratio, the market value of equity, economic value added, and cost of common stock). Models were tested using linear regression method in Eviews software. Results showed a significant relationship between social responsibility and corporate performance.
Show abstract
Full Text
