Volume 10, Issue 3, March 2015, Pages 815–824
Accounting, Economics and Financial Management Conference (AEFMC 2014), Iran 26-27 October 2014
Seyed Khosro Amiri1 and Mojtaba Vakil Zadeh Rohol Amini2
1 Department of Accounting, Tehran central Branch, Islamic Azad University, Iran
2 Department of Governmental management-Financial Orientated, University of Tehran, 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.
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.
Author Keywords: Social responsibility, corporate performance, DEA model, Eviews software.
Accounting, Economics and Financial Management Conference (AEFMC 2014), Iran 26-27 October 2014
Seyed Khosro Amiri1 and Mojtaba Vakil Zadeh Rohol Amini2
1 Department of Accounting, Tehran central Branch, Islamic Azad University, Iran
2 Department of Governmental management-Financial Orientated, University of Tehran, 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
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.
Author Keywords: Social responsibility, corporate performance, DEA model, Eviews software.
How to Cite this Article
Seyed Khosro Amiri and Mojtaba Vakil Zadeh Rohol Amini, “The Effect of Social Responsibility on Financial Performance of Companies,” International Journal of Innovation and Applied Studies, vol. 10, no. 3, pp. 815–824, March 2015.
