role of board monitoring power in the relationship between environmental conditions and corporate social responsibility

Document Type : Research Paper

Authors

1 Accounting group, Finance faculty Khatam University, Tehran, Iran

2 economic department, economic faculity, Khatam university, Tehran, Iran

3 Department of Accounting, Faculty of Management and Finance, Khatam University, Tehran, Iran

Abstract

Purpose: Considering the importance of Corporate Social Responsibility, the purpose of this study is to investigate the role of moderating the supervisory power of board members on the relationship between environmental conditions and corporate social responsibility.
Method: In order to test the research hypotheses, a sample of 130 companies listed on the stock exchange for the period 2014 to 2020 was collected and based on multiple regression and using panel data, the results were reviewed.
Results: The results showed that unstable environmental conditions in different degrees of CEO duality and low level of board independence lead to reduced social responsibility and in medium and high levels of board independence lead to increased social responsibility. Also, the duality of the CEO has a negative effect on social responsibility, but the independence of the board does not affect social responsibility.
Conclusion: the independence of the board of directors has a moderating role in relation to environmental conditions and social responsibility
Enhancing knowledge: In previous researches, the relationship between the factors of the environment outside the company or the supervisory role of the board of directors with the social responsibility of the company has been measured separately. In this research, by linking these two concepts to each other, the moderating effect of an internal factor such as the supervisory power of the board The board has investigated the relationship between the company's environmental conditions and the role of social responsibility.

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History

  • Receive Date: 21 August 2022
  • Revise Date: 02 October 2022
  • Accept Date: 04 October 2022

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