INVESTIGATING THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE OF CONSTRUCTION, ARCHITECTS AND INDUSTRIAL COMPANIES IN THE MUNICIPALITIES OF MAZANDARAN PROVINCE
DOI:
https://doi.org/10.32461/2226-3209.1.2018.178830Abstract
Abstract. The purpose of this research was to investigate the relationship between corporate social responsibility and financial performance of construction, architecture and industrial companies in the municipalities of Mazandaran province. This research is descriptive-correlative method and is of applied research type. The statistical population of the study consisted of all construction, architectural and industrial companies in the municipalities of Mazandaran province during 2013 to 2017, in which 50 companies were studied. The data of the research were extracted from the financial statements of the companies and analyzed using regression models using combination data. The research findings showed
that there is a positive and significant relationship between corporate social capital and asset returns and earnings per share of companies, and there is not a significant relationship between corporate social capitals with equity returns.
Keywords: Social Responsibility, Financial Performance, Returns on Assets, Return on Equity, Earnings per
Share.
References
Amir Hosseini, Zahra; Ghobadi, Masoumeh (2016), Social Responsibility Reporting, Financial Performance and
Institutional Ownership, Management Accounting Quarterly, Ninth, No 28, Spring 2016.
Senobar, Naser; Khalili, Majid; Saghafian, Hamed (2010), Investigating the Relationship between Social
Responsibility and Financial Performance of Companies, Journal of Research in Business Administration
Exploration, Second Year, Autumn and Winter 2010, No. 4, Pp. 28-52.
Arab Salehi, Mehdi; Sadeghi, Ghazal; Moeinal-Din, Mahmoud (2013), The Relationship of Social Responsibility
with Financial Performance of Companies Accepted in Tehran Stock Exchange, Empirical Accounting Researches,
Third Year, No. 9, Pp. 1-20.
Vahidi Elizaei, Ebrahim and Fakhari, Mandana (2015), The Impact of Corporate Social Responsibility on Financial
Performance of Islamic Azad University, Khuzestan, Iran.
Arshad, R., Othman, S., & Othman, R. (2012). Islamic Corporate Social Responsibility, Corporate Reputation and
Performance. World Academy of Science, Engineering and Technology , 64, 1070-1074.
Brine, Mathew. Brown, Rebecca & Hackett, Gred (2007). "Corporate Social Responsibility and Financial
Performance in the Australian Context". Economic Roundup. 2007 Vol.31. No.4. PP: 47-58.
Oba, V.C; Fodio, M.I. and Soje, B. (2012). Value Relevance of Environmental Responsibility Information
Disclosure in Nigeria. Acta Universitatis Danubius Economica, Vol.8,No.6 pp.100-113.
Sukanya Chetty, Rebekah Naidoo, Yudhvir Seetharam (2015), The Impact of Corporate Social Responsibility on
Firms’ Financial Performance in South Africa, CONTEMPORARY ECONOMICS, DOI: 10.5709/ce.1897-
167.
Downloads
Issue
Section
License
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
