Investigating the effect of business strategy on the relationship between environmental, social and corporate governance stressors with the resilience of companies listed on the Tehran Stock Exchange
Investigating the effect of business strategy on the relationship between environmental, social and corporate governance stressors with the resilience of companies listed on the Tehran Stock Exchange.
Subject Areas : Management Accounting
Sanaz Dehghan 1 , zohreh hajiha 2 , mehdi salehi 3
1 - Ph. D Student, Department of Accounting, Kish International Branch, Islamic Azad University, Kish Island, Iran
2 - Professor, Department of Accounting, South Tehran Branch, Islamic Azad University, Tehran, Iran (Coressponding Author).
3 - Professor, Department of Accounting, Economics and Administrative sciences, Ferdowsi University of Mashhad, Mashhad, Iran
Keywords: business strategy, environmental stressors, social stressors, corporate governance stressors, resilience.,
Abstract :
Today, identifying the factors affecting the resilience of companies is particularly important in terms of comparing an economic enterprise with other economic enterprises and in terms of the competitiveness of an economic enterprise. This research has been carried out with the aim of investigating the effect of business strategy on the relationship between environmental, social and corporate governance stressors with the company's resilience. The statistical population of the current research is all the companies admitted to the Tehran Stock Exchange between 2012 and 2014. In order to test the hypotheses of the research, the combined data model was used. The software used for data analysis is Stata version 14. The results of the research hypotheses test show that the stress-causing factors around the company have a negative effect on corporate resilience. In addition, the research results show that business strategy has a positive effect on the relationship between the stress-causing factors around the company and corporate resilience. Today, identifying the factors affecting the resilience of companies is particularly important in terms of comparing an economic enterprise with other economic enterprises and in terms of the competitiveness of an economic enterprise. This research has been carried out with the aim of investigating the effect of business strategy on the relationship between environmental, social and corporate governance stressors with the company's resilience. The statistical population of the current research is all the companies admitted to the Tehran Stock Exchange between 2012 and 2014.
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