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Investigating the Interactive Effect of Corporate Governance and Corporate Social Responsibility on the Firm Value in the Tehran Stock Exchange

عنوان مقاله: Investigating the Interactive Effect of Corporate Governance and Corporate Social Responsibility on the Firm Value in the Tehran Stock Exchange
شناسه ملی مقاله: JR_JIJMS-12-3_005
منتشر شده در در سال 1398
مشخصات نویسندگان مقاله:

جمال برزگری خانقاه - Department of Accounting and Finance, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran
حجت اله صادقی - Department of Accounting and Finance, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran
مریم قدک فروشان - Department of Accounting and Finance, Faculty of Economics, Management and Accounting, Yazd University, Yazd, Iran

خلاصه مقاله:
The purpose of this study is to investigate the effect of corporate governance (CG), corporate social responsibility (CSR) and their interactive effect on the value of companies listed on the Tehran Stock Exchange. For this purpose, the data of ۱۹۴ companies listed on this stock exchange, which was selected using a systematic elimination method, from ۲۰۱۱-۲۰۱۷ were collected and analyzed using the pool data technique. This research is applied and is an analytical-explanatory study. The research findings showed that corporate governance, social responsibility, and the interactive effect of corporate governance and social responsibility have a direct effect on the company's value in all four models of capital asset pricing in the companies listed in the Tehran Stock Exchange. It was also shown in the comparison of models that the market-based, single-factor model explains the relationship between these variables better than other models discussed in this study.

کلمات کلیدی:
Corporate governance, Corporate social responsibility, Company value, Capital asset pricing models

صفحه اختصاصی مقاله و دریافت فایل کامل: https://civilica.com/doc/1742616/