Effect of Corporate Social Performance on Financial Performance at Listed companies in the Tehran Stock Exchange with Moderating Role of Investor Sentiment
Subject Areas : Financial and Behavioral Researches in Accounting
Hosein Asgari Aloiuj
1
,
Hasan Hasan Matar Khabat alanzi
2
1 - Asistant prof., Accounting, Department of Management and Accounting, Islamic Azad University, beleh savar branch, Beleh Savar, Iran.
2 - Master's student, Department of Accounting, Isfahan Branch (Khorasgan), Islamic Azad University,Isfahan, Iran
Keywords: Corporate Social performance, Financial Performance, Investor Sentiment,
Abstract :
Financial performance is one of the performance evaluation criteria of companies, which evaluates the company based on the amount of profit earned by the company in a financial period. The aim of the present study is to investigate the impact of corporate social performance (CSP) on the financial performance of companies listed on the Tehran Stock Exchange, emphasizing the moderating role of investor sentiments. For this purpos, 121 companies were selected as the final sample of the research using the systematic elimination method, and the required data were collected from these companies during the years 2014 to 2021. This study is applied research and the type of statistical analysis is descriptive-correlational. The results Indicates investor sentiments have a positive and significant effect on financial performance. Also, the impact of CSP on financial performance has been directly and significantly observed. Finally, the findings of the research showed that investor sentiments have strengthened the impact of CSP on the financial performance of companies listed on the Tehran Stock Exchange.
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