Investigating the impact of social responsibility on the speed of stock price adjustment considering the moderating role of family ownership

Subject Areas :

Kazem Shamsaldini ^{1 *} , parvin khajavi ²

1 - Assistant Professor of Accounting, Shahid Bahonar University of Kerman, Kerman, Iran,
2 - university bahonar kerman

Received: 2022-11-14 Published : 2025-12-10

Keywords: corporate social responsibility disclosure, stock price adjustment speed, investors&#039, reaction&#039, Family owned,

Abstract :

Today, in line with the development of companies, the increase in investors' awareness has made them want information beyond financial information, including information related to the company's social responsibility, for their economic decisions, so that they can make timely financial decisions with more confidence. Therefore, the purpose of this research is to investigate the effect of corporate social responsibility disclosure on the speed of stock price adjustments in companies listed on the Tehran Stock Exchange. The method of conducting this research is practical in terms of its purpose, and in terms of the type of research and the way of inference regarding the research hypotheses, it is included in the descriptive-correlation research group, and multiple regression will be used to test the hypotheses. In this research, disclosure of corporate social responsibility was considered as an independent variable and the speed of stock price adjustment as a dependent variable. The statistical population of this research is all the companies listed on the Tehran Stock Exchange during the years 2013 to 2020. The statistical sample of the research is 105 companies that were selected by the systematic elimination method. The data required for this research were calculated with Excel software and analyzed with Eviews software through multiple regression, Chow (Limmer F) and Hausman tests. The results of this research show that there is a positive and significant relationship between corporate social responsibility and the speed of stock price adjustments of companies listed on the Tehran Stock Exchange.