The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections

AbstractThis study investigate relationship between social responsibility and financial helplessness with the moderating role of political communication. This study is a type of applied and post-event study. To measure the social responsibility of companies were use of Meran Jouri and colleagues (20...

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Main Authors: Farzaneh Nasirzadeh, Zakiyeh Marandi
Format: Article
Language:fas
Published: University of Sistan and Baluchestan 2021-10-01
Series:اقتصاد باثبات و توسعه پایدار
Subjects:
Online Access:https://sedj.usb.ac.ir/article_6357_61929bd2be12c1dbf3686f449e921da5.pdf
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author Farzaneh Nasirzadeh
Zakiyeh Marandi
author_facet Farzaneh Nasirzadeh
Zakiyeh Marandi
author_sort Farzaneh Nasirzadeh
collection DOAJ
description AbstractThis study investigate relationship between social responsibility and financial helplessness with the moderating role of political communication. This study is a type of applied and post-event study. To measure the social responsibility of companies were use of Meran Jouri and colleagues (2014) scale. Also, in order to measure financial distress used of the localized standard scale of Kurdistan and Tatli (2014). The statistical population is all companies listed on the Tehran Stock Exchange in the period 2015-2019, that examined data of 103 companies. To analyze the research hypotheses, the pattern of regression of fixed effects was used. The research findings indicated a negative and significant relationship between social responsibility and financial distress of companies. This means that as the level of social responsibility increases, the likelihood of companies financial distress decreases. Other results showed that political communication largely moderated the relationship between corporate social responsibility and financial distress. This means that the need to disclose social responsibilities in order to legitimize activities decreases as a result of state-owned relationships.
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spelling doaj.art-7d5c9b6f162b42338791d2f00c0489f82022-12-21T21:48:21ZfasUniversity of Sistan and Baluchestanاقتصاد باثبات و توسعه پایدار2783-14262021-10-01228110810.22111/sedj.2021.40066.11246357The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connectionsFarzaneh Nasirzadeh0Zakiyeh Marandi1ferdowsi university of mashhadferdowsi university of mashhadAbstractThis study investigate relationship between social responsibility and financial helplessness with the moderating role of political communication. This study is a type of applied and post-event study. To measure the social responsibility of companies were use of Meran Jouri and colleagues (2014) scale. Also, in order to measure financial distress used of the localized standard scale of Kurdistan and Tatli (2014). The statistical population is all companies listed on the Tehran Stock Exchange in the period 2015-2019, that examined data of 103 companies. To analyze the research hypotheses, the pattern of regression of fixed effects was used. The research findings indicated a negative and significant relationship between social responsibility and financial distress of companies. This means that as the level of social responsibility increases, the likelihood of companies financial distress decreases. Other results showed that political communication largely moderated the relationship between corporate social responsibility and financial distress. This means that the need to disclose social responsibilities in order to legitimize activities decreases as a result of state-owned relationships.https://sedj.usb.ac.ir/article_6357_61929bd2be12c1dbf3686f449e921da5.pdfpolitical connectioncorporate social responsibilityfinancial distress
spellingShingle Farzaneh Nasirzadeh
Zakiyeh Marandi
The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
اقتصاد باثبات و توسعه پایدار
political connection
corporate social responsibility
financial distress
title The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
title_full The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
title_fullStr The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
title_full_unstemmed The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
title_short The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections
title_sort relationship between corporate social responsibility and financial distress by emphasizing the role of political connections
topic political connection
corporate social responsibility
financial distress
url https://sedj.usb.ac.ir/article_6357_61929bd2be12c1dbf3686f449e921da5.pdf
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AT farzanehnasirzadeh relationshipbetweencorporatesocialresponsibilityandfinancialdistressbyemphasizingtheroleofpoliticalconnections
AT zakiyehmarandi relationshipbetweencorporatesocialresponsibilityandfinancialdistressbyemphasizingtheroleofpoliticalconnections