Investigating the impact of sustainability reporting on the creation of added market value by companies admitted to the Tehran Stock Exchange, considering the moderating role of corporate governance factors.
Subject Areas : Corporate governance
Mahdi Ershadi
1
,
Zohra hajiha
2
,
mojgan safa
3
,
Hossein Moghadam
4
1 - PhD student of accounting department, Qom branch, Islamic Azad University, Qom, Iran.
2 - Professor, Department of Accounting, Tehran East Branch, Islamic Azad University, Tehran East, Iran.
3 - Assistant Professor of Accounting, Qom branch, Islamic Azad University, Qom, Iran.
4 - Assistant Professor of Accounting, Qom Branch, Islamic Azad University, Qom, Iran.
Keywords: Sustainability reporting, Market Added Value, corporate governance factors,
Abstract :
Objective: Today, identifying factors affecting the added value of the market is particularly important in terms of comparing an economic enterprise with other economic enterprises and in terms of the competitiveness of the economic enterprise. This research has been carried out with the aim of investigating the impact of sustainability reporting on the creation of added market value by companies admitted to the Tehran Stock Exchange, considering the moderating role of corporate governance factors.Method: In the present study, the required data were extracted from Rahavard Navin software, financial statements of companies and Sandakavi, as well as Kodal website. The statistical population of the present study is all the companies admitted to the Tehran Stock Exchange in the period from 2012 to 2022. In order to test the research hypotheses, the combined data model was used. The software used for data analysis is Stata version 14.Findings: The results of the research hypotheses test show that the creation of added market value by the company has a favorable effect of sustainability reporting. In other words, improving sustainability reporting can significantly increase the ability of the company and the management that has the task of leading the company to create added value in the market. In addition, corporate governance factors as a control factor can cause synergy in the relationship between sustainability reporting and creating added market value by the company.
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