The relationship between Corporate Governance (CG) with level of disclosure of corporate social-responsibility information and value of the companies listed in Tehran Stock Exchange

The purpose of this study was to explain the relationship between CG and the level of disclosure of corporate social-responsibility information and value in listed companies in Tehran Stock Exchange. In other words, we tried to examine the relationship between the CG criteria with the level of disclosure of social-responsibility information and the value of the company. For this purpose, a sample of ۱۲۱ companies was selected from among companies listed in Tehran Stock Exchange. Sampling method was systematic elimination and examination period was ۲۰۱۱-۲۰۱۵. Multivariate regression was used test the hypotheses. The results of the statistical tests and analysis showed that CG measures have a significant relationship with the Level of Disclosure of Corporate Social-Responsibility Information (LDCSRI). Moreover, there was a significant relationship between LDCSRI and company value, and the control variables relative to the total liabilities of the company are not related to LDCSRI, but the size of the company is related to LDCSRI, and the ratio of total liabilities of the company and the firm size had no significant relationship with company value.

Keywords:

CG , LDCSRI , company value , industries with heavy pollution