The Role of Intellectual Capital Efficiency on the Relationship Between Corporate Social Responsibility and Financial Performance (Evidence of Environmental, Social and Governance performance of Companies Listed on the Tehran Stock Exchange)
Subject Areas : Stock Exchangekhosro moradi shahdadi 1 , kamran poudat 2
1 - Department of Financial Management, Qeshm Branch, Islamic Azad University, Qeshm, Iran
2 - Financial Management, Qeshm Branch, Islamic Azad University, Qeshm, Iran
Keywords: Corporate Governance, Intellectual Capital, Financial Performance, Corporate Social Responsibility,
Abstract :
This research examines The Role of Intellectual Capital Efficiency on the Relationship Between Corporate Social Responsibility and Financial Performance (Evidence of Environmental, Social and Governance performance of Companies Listed on the Tehran Stock Exchange); The Time Frame of this Research is 2017-2021; The Statistical Population of this Research is all the Companies Accepted in Tehran Stock Exchange, 105 Companies were selected by Systematic Removal method. The Data of the Research was Extracted and Measured from the Financial Statements included in the Stock Exchange Sites; then, Statistical Regression Analysis was Performed Based on Panel Data. According to the Analysis, the Result of the First Hypothesis Showed that there is a Positive and Significant Relationship between the Corporate Social Responsibility and Financial Performance. The Result of the Second Hypothesis indicated that there is a Positive and Significant Relationship between the Corporate Social Responsibility and Intellectual Capital. Finally, in the Third Hypothesis, the Findings indicated that the Mediating role of Intellectual Capital on the Relationship between the Corporate Social Responsibility and financial performance is positive and significant.
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