Examining the relationship between corporate controversies and value creation based on the moderating role of environmental, social and corporate governance sustainability

Subject Areas : Management Accounting

mehdi ershadi ¹ , zohreh hajiha ² , mojgan safa ³ , hosein moghadam ⁴

1 - Ph.D. Candidate., Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran
2 - Professor, Department of Accounting, Tehran East Branch, Islamic Azad University, Tehran, Iran (corresponding. Author)
3 - Assistant Professor, Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran
4 - Assistant Professor, Department of Accounting, Qom Branch, Islamic Azad University, Qom, Iran

Received: 2023-04-14 Accepted : 2023-06-03 Published : 2023-11-22

Keywords: corporate controversies, value creation, environmental, social sustainability and corp,

Abstract :

Economic factors based on the economic values of companies are special in terms of comparing a company with other economic companies and the competition of the company. This research has been carried out with the aim of investigating the relationship between corporate controversy and value creation based on the moderating role of environmental, social and corporate governance sustainability. The statistical population of the current research is all the companies admitted to the Tehran Stock Exchange in the period from 2012 to 2021. The combined data model used to test the research hypotheses. The software used for analysis is Stata version 14. The results of the research hypotheses test show that the three indicators for calculating the value of value (economic value added, market value added and cash value added) have an adverse effect of corporate controversies. In addition, the results of the research show that companies that have positive results in environmental, social and corporate governance factors generally gain the trust of investors, creditors and shareholders, which in turn reduces the negative impact of the company's controversy on the creation of value by the company.

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