Volume 10, Issue 3, March 2015, Pages 791–802
Accounting, Economics and Financial Management Conference (AEFMC 2014), Iran 26-27 October 2014
Seyed Khosro Amiri1 and Mojtaba Sobhani2
1 Department of Accounting, Tehran central Branch, Islamic Azad University, Iran
2 Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
Original language: English
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The importance of considering the corporate social responsibility in today's global conditions and new business environments makes it necessary for the leaders and managers of large organizations and companies in the global market to establish a balance among social, economic, and environmental sectors of their business. The aim of this research is to evaluate the commitment of the top companies listed on TSE to corporate governance and social responsibility. In this regard, the performance of 92 companies listed on TSE during the years of 2002 through 2011 were measured, categorized by 10 industries, in three steps of optimization by meta-heuristic algorithms (AMH), social responsibility pattern by DEA method, and ranking corporate governance via G-Score approach. Then, top companies in each criterion were evaluated with their reassigned codes by mean comparison test in SPSS. The results indicate the significant relationship among the companies with the top rank in each index.
Author Keywords: Corporate governance, social responsibility, optimal financial performance.
Accounting, Economics and Financial Management Conference (AEFMC 2014), Iran 26-27 October 2014
Seyed Khosro Amiri1 and Mojtaba Sobhani2
1 Department of Accounting, Tehran central Branch, Islamic Azad University, Iran
2 Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran
Original language: English
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The importance of considering the corporate social responsibility in today's global conditions and new business environments makes it necessary for the leaders and managers of large organizations and companies in the global market to establish a balance among social, economic, and environmental sectors of their business. The aim of this research is to evaluate the commitment of the top companies listed on TSE to corporate governance and social responsibility. In this regard, the performance of 92 companies listed on TSE during the years of 2002 through 2011 were measured, categorized by 10 industries, in three steps of optimization by meta-heuristic algorithms (AMH), social responsibility pattern by DEA method, and ranking corporate governance via G-Score approach. Then, top companies in each criterion were evaluated with their reassigned codes by mean comparison test in SPSS. The results indicate the significant relationship among the companies with the top rank in each index.
Author Keywords: Corporate governance, social responsibility, optimal financial performance.
How to Cite this Article
Seyed Khosro Amiri and Mojtaba Sobhani, “Responsibility and optimal financial performance of the companies listed on Tehran stock exchange (TSE),” International Journal of Innovation and Applied Studies, vol. 10, no. 3, pp. 791–802, March 2015.
