عملکرد پایداری شرکتی و ریسک سیستماتیک

نوع مقاله : مقاله پژوهشی

نویسندگان

1 گروه حسابداری ، دانشکده علوم اجتماعی و اقتصاد،دانشگاه الزهرا ،تهران ،ایران

2 گروه حسابداری، دانشکده علوم اجتماعی و اقتصاد، دانشگاه الزهرا(س)، تهران، ایران

10.22051/jaasci.2023.43559.1773

چکیده

هدف: باتوجه به اینکه امروزه موفقیت و پایداری کسب‌و‌کار، علاوه بر درآمد بر مبنای شاخص‌های غیرمالی مربوط به عملکرد اجتماعی، زیست‌محیطی و راهبری شرکت سنجیده می‌شود، هدف از انجام این پژوهش بررسی ارتباط ابعاد فرامالی عملکرد پایداری شرکتی و ریسک سیستماتیک می‌باشد.
روش: در این پژوهش، از جامعه آماری موردنظر یعنی شرکت‌های پذیرفته‌شده در بورس اوراق بهادار تهران، نمونه‌ای به تعداد 96 شرکت طی سال‌های 1393 تا 1397 با روش حذف سیستماتیک انتخاب گردید و داده‌های مربوط، با استفاده از رگرسیون خطی چندمتغیره مورد بررسی قرارگرفتند.
یافته‌ها: نتایج حاصل از آزمون فرضیه پژوهش حاکی از آن است که عملکرد پایداری شرکت‌ها ارتباط معناداری با ریسک سیستماتیک ندارد.
نتیجه‌گیری: درکنار نتایج تجربی مختلط از پیوند ابعاد غیرمالی و ابعاد مالی عملکرد شرکت‌ها، باتوجه به یافته پژوهش حاضر عملکرد اجتماعی، زیست‌محیطی و راهبری شرکتی توانایی اثرگذاری بر ریسک ذاتی بازار را ندارد؛ که البته طبق برخی یافته‌ها شرایط بی‌ثباتی بازارهای مالی می‌تواند نقش تعدیل‌کننده‌ای در ماهیت و قدرت روابط ریسک و عملکرد غیرمالی شرکت‌ها ایفا نماید.
دانش افزایی: یافته‌های این پژوهش می‌تواند سازمان‌های تجاری، مدیران و سرمایه‌گذاران را در شناخت تأثیر عملکرد پایداری در راستای ایجاد ارزش مشترک برای ذی‌نفعان، جهت اخذ تصمیمات سرمایه‌گذاری بر معیار پایداری یاری نماید.

کلیدواژه‌ها

موضوعات


عنوان مقاله [English]

Corporate Sustainability Performance and Systematic Risk

نویسندگان [English]

  • Seyed Ali Hosseini 1
  • Farehe Ebrahimi 2
1 department of accounting ، alzahra university
2 Department of Accounting, Faculty of Social Sciences and Economic, Alzahra University, Tehran, Iran,
چکیده [English]

Purpose: Considering that today, the success and sustainability of business, in addition to income, is measured based on non-financial indicators related to the company's social, environmental and governance performance, the purpose of this research is to investigate the relationship between the non-financial dimensions of corporate sustainability performance and systematic risk.
Methodology: In this research, from the statistical population of companies listed on the Tehran Stock Exchange, a sample of 96 companies during the years 1393 to 1397 was selected by systematic removal method and data were analyzed using multivariate linear regression.
Results: The results of the research hypothesis test indicate that the sustainability performance of companies has no significant relationship with systematic risk.
Conclusion: In addition to the mixed experimental results of the link between the non-financial and financial dimensions of the companies' performance, according to the findings of the current research, the social, environmental and corporate governance performance does not have the ability to influence the inherent risk of the market; Of course, according to some findings, the instability of financial markets can play a moderating role in the nature and strength of risk relations and non-financial performance of companies.
Contribution: The findings of this research can help business organizations, managers and investors in understanding the impact of sustainability performance in creating shared value for stakeholders, in order to make investment decisions based on sustainability criteria.

کلیدواژه‌ها [English]

  • Environmental performance
  • Social performance
  • Corporate governance
  • Systematic risk
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