افشای مسئولیت اجتماعی،آگاهی‌بخشی قیمت سهام با تأکید بر نقش حاکمیت شرکتی

محورهای موضوعی : حسابداری و مالی

زهرا کریمی ¹ , فرزانه نصیرزاده ²

1 - گروه حسابداری، دانشگاه فردوسی مشهد ، مشهد، ایران
2 - گروه حسابداری، دانشگاه فردوسی مشهد، مشهد، ایران

تاریخ دریافت : 1402/01/06 تاریخ پذیرش : 1402/03/09 تاریخ انتشار : 1402/04/01

کلید واژه: راهبری شرکتی, واژه‌های کلیدی: مسئولیت اجتماعی شرکت, آگاهی‌بخشی قیمت سهام,

چکیده مقاله :

چکیدهآگاهی‌بخشی قیمت سهام در بین سرمایه‌گذاران و تحلیلگران بازار سرمایه، به‌عنوان معیاری از وضعیت آتی شرکت برای بیان اطلاعاتی که به راحتی در دسترس افراد برون سازمانی نیست، بسیار جذاب است. علاوه‌بر این، اگر واحدها بتوانند تصمیمات مالی خود را بر اساس قیمت سهام قرار دهند؛ آنها قادر خواهند بود تفاوت بین عوامل بازار و اطلاعات مربوط به شرکت را کاهش دهند و به یک الگوی ثابت در تصمیم‌گیری‌های استراتژیک خود دست یابند. لذا هدف این پژوهش بررسی رابطه بین افشای مسئولیت اجتماعی، اطلاع‌رسانی قیمت سهام با تأکید بر نقش واسطه‌ای حاکمیت شرکتی است. بدین منظور داده‌های 186 شرکت پذیرفته شده در بورس اوراق بهادار تهران و با استفاده از مدل رگرسیون مبتنی بر داده‌های ترکیبی و با استفاده از نرم‌افزار Eviews8 مورد آزمون قرار گرفته است. نتایج آماری آزمون فرضیه‌های تحقیق نشان می‌دهد که بین مسئولیت اجتماعی شرکت و اطلاع‌رسانی قیمت سهام و حاکمیت شرکتی رابطه مثبت و معناداری وجود دارد. بنابراین نقش میانجی حاکمیت شرکتی مورد تأیید است. همچنین، در شرکت‌های با مسئولیت اجتماعی بالاتر، تأثیر مسئولیت اجتماعی شرکت و حاکمیت شرکتی بر اطلاع‌رسانی قیمت سهام قوی‌تر است.نوآوری پژوهش: این پژوهش اولین پژوهشی است که رابطه فوق را در ایران به عنوان کشور در حال توسعه بررسی کرده است. لذا پژوهش حاضر به توسعه علم و دانش در این حیطه کمک می نماید

چکیده انگلیسی:

AbstractStock price informativeness, as a measure of the future state of the company to express information that is not easily accessible to outsiders is very attractive among investors and capital market analysts. In addition, if entities can base their financial decisions on stock prices; They will be able to reduce the differences between market factors and information about the company and achieve a consistent pattern in their strategic decisions. To achieve this goal, the purpose of this study is to investigate the relationship between social responsibility disclosure,  Stock price informativeness with emphasis on the mediating role of corporate governance. For this purpose, the data of 186 companies listed on the Tehran Stock Exchange and using a regression model based on composite data and using Eviews8 software has been tested. The statistical results of testing the research hypotheses show that there is a positive and significant relationship between corporate social responsibility and Stock price informativeness and corporate governance. Therefore, the mediating role of corporate governance is approved. Therefore, in companies with higher social responsibility, the impact of corporate social responsibility and corporate governance on, Stock price informativeness is stronger at the same time.Research innovation: This research is the first research that has examined the relationship between disclosure of social responsibility and stock price informativeness in Iran as a developing country. The present research helps to develop science and knowledge in this field.

منابع و مأخذ:

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