Evaluation of Delphi models in Explaining the pattern of relationships between financial constraints, life cycle and social responsibility In companies listed on the Tehran Stock Exchange

Subject Areas : Stock Exchange

mohammadreza panahian ¹ , Hasan Ghodrati ² , hosein panahian ³ , Meytham Arabzadeh ⁴

1 - Department of Accounting, Kashan Branch, Islamic Azad University, Kashan, Iran
2 - Department of Accounting , Kashan Branch, Islamic Azad University, Kashan, Iran
3 - Department of Accounting ,Kashan Branch, Islamic Azad University, Kashan, Iran
4 - Departmant of Accounting. Kashan Branch. Islamic Azad university.Kashan.Iran

Received: 2022-05-31 Accepted : 2022-11-03 Published : 2023-03-21

Keywords: Life Cycle, financial constraints, Social Responsibility, Delphi method,

Abstract :

Corporate social responsibility includes a set of corporate activities and actions that it performs with the aim of doing good for people inside the organization such as employees or people outside the organization, including suppliers, consumers and people. The result of social responsibility motivations of participate in management has been better performance company in terms of better allocation of organizational resources and reform of organizational strutures in line with the companys value oriented goals. The purpose of this study was to investigate the relationship between social responsibility during different stages of the life cycle on the financial constraints of the company. It took place until 1398. The results showed that due to the inverse relationship discovered between social responsibility and financial constraints, firms at each stage of development face different goals of social responsibility and show different capabilities in performing social responsibility. Also, for companies that are in the stages of growth, maturity and decline, the higher their social responsibility scores, the less financial constraints they face.