Abstract:
Behavioral behaviors of managers are one of the factors affecting social responsibility, which play an important role in the decision-making of capital market players. In order to examine the behavioral characteristics of the board of directors, materiality has not been considered, and in this research, for the first time, the materialism of the board of directors and its various aspects are comprehensively examined. Is. The characteristics of the board of directors have been evaluated by fulfilling the social responsibility of the company. The purpose of this research is to investigate the effect of the materialism of the board of directors on the social responsibility of the company with the moderating role of the characteristics of the board of directors. The statistical sample of the research included 160 companies admitted to the Tehran Stock Exchange between 2014 and 2019. Multivariate linear regression model and cross-sectional data have been used to test the hypothesis. The findings of the research show that the education of the board of directors has a significant effect on the relationship between the materialism of the board of directors and social responsibility; The company has a benevolent responsibility and the tenure of the board of directors has a significant effect on the relationship between the materialism of the board of directors and the company's benevolent responsibility. The results show that the materialism of the board of directors makes them less willing to provide a complete and transparent report on the company's social responsibility. The education and tenure of the board of directors is one of the characteristics of the board of directors, which moderates the relationship between the materialism of the board of directors and the company's social responsibility.
Machine summary:
413-450 Investigating the Impact of Board Materialism on Corporate Social Responsibility with the Moderating Role of Board Characteristics Azadeh Afzali Received Date: 2021/12/29 Accepted Date: 2022/06/19 Majid Ashrafi The article was with the author(s) for revision for 17 days.
According to these arguments, such studies confirm an interesting correlation between the characteristics of the company's board of directors and the characteristics of corporate social responsibility, and among the ethical values governing the behavior of some board members is materialism.
Materialism is a unique characteristic whose investigation is proposed as a system for measuring individual behavior, and the role of the discussed behavior is an important factor in explaining the performance results of individuals, the impact on society, and ultimately in companies, explaining the results of corporate social responsibility.
Second, materialism literature substantiates research findings regarding how materialism relates to an individual's behavior toward the environment, people, and society, which leads to the creation of attractive theories regarding the board's commitment to corporate social responsibility (Pickett & Kilbourne, 2008, p.
Given that in this research board materialism has been investigated, and so far in our country, no research has been conducted in the field of board materialism and its impact on corporate social responsibility with the moderating role of board characteristics including: education, gender, independence, board size, and tenure, this research possesses innovation in this field.
In this research, using the studied model, the effect of board materialism on the company's social responsibility with the moderating role of board characteristics has been investigated.
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