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Corporate Governance Mechanisms And Corporate Social Responsibility (CSR): Evidence From Iran.
| Content Provider | Semantic Scholar |
|---|---|
| Author | Kangarluie, Saeed Jabbarzadeh Bayazidi, Anvar |
| Copyright Year | 2011 |
| Abstract | The aim of this study is to investigate the relationship between corporate governance mechanisms and corporate social responsibility in accepted companies in Tehran Stock Exchange. To measure of the corporate social responsibility as dependent variable, it was applied Singhapakdi et al. questionnaire (1996). Corporate governance mechanisms contain independent outside directors on the board (OBD), Percentage of institutional ownership (PIO), ownership centralization (OC), free float (FF) and auditor type (AT). In this study, the numbers of 92 observations were investigated during the years 2003-2009. To analyze the data was exerted EViews software. Our findings show that among of the corporate governance mechanisms, relation between PIO, OBD, and OC with CSR is positive and no significant, however, other variables such as FF, and AT have negative and no significant relations with CSR. Findings also show that bigger companies and companies with more liability ratio (LEV) have less corporate social responsibility; however, companies that have more cash flow from operating have more CSR. About 10% of changes CSR can be explained by corporate governance mechanisms during the study period and this amount increases to 26% by adding control variables to regression model. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ajbasweb.com/old/ajbas/2011/September-2011/1591-1598.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |