چکیده:
The purpose of present study was to investigate the impact social responsibility, financial distress and firm growth on earnings response coefficient of Tehran stock exchange listed firms. Accordingly, this research sought to achieve this goal by analyzing information of 78 sample firms during the period of 8 years from 2014 to 2021. In order to analyze the data, multiple regression and panel data were used. The analysis of the data showed that corporate social responsibility has a significantly positive effect on earnings response coefficient. Also, financial distress has a significantly negative effect on earnings response coefficient. Finally, firm growth has a significantly positive effect on earnings response coefficient.
خلاصه ماشینی:
The Impact of Corporate Social Responsibility, Financial Distress, and Firm Growth on the Earnings Reaction Coefficient Zahra Ahmadi Aliai MSc in Accounting, Head of Budget and Reporting, Alborz Forge Industries Company, Tehran, Iran naeimeahmadi@yahoo.
com Received Date: 2023/10/05 Accepted Date: 2023/12/11 Abstract The objective of the present research was to investigate the impact of corporate social responsibility, financial distress, and firm growth on the earnings reaction coefficient in companies listed on the Tehran Stock Exchange.
The present research investigates the impact of corporate social responsibility, financial distress, and firm growth on the earnings reaction coefficient.
The results of studies related to 64 companies listed on the Indonesian Stock Exchange in the period from 2007 to 2020, showed that social responsibility has a positive effect on the earnings reaction coefficient.
Descriptive statistics of research variables Variable Name Symbol Jarque-Bera Test Skewness Kurtosis Mean Median Maximum Minimum Standard Value Significance Coefficient Earnings Reaction Coefficient ERC 0/771 0/520 5/525 -10/555 9/939 0/005 -0/216 Corporate Social Responsibility CSR 0/000 21/303 0/248 -0/250 0/750 0/250 0/241 Financial Distress BanRisk 0/000 82/072 1/232 -3/898 2/351 -1/606 -1/579 Firm Growth FGrow 0/000 380/099 0/386 -0/167 1/634 0/189 0/313 Managerial Ownership MO 0/000 75/849 0/277 0 0/943 0/663 0/579 Return on Sales ROS 0/000 188/945 0/240 -0/666 0/639 0/157 0/171 Financial Leverage LEV 0/000 768/319 0/268 0/163 1/724 0/591 0/617 Company Age AGE 0/000 47/694 0/280 3/044 4/151 3/828 3/745 57 The mean is a suitable index for showing the centrality of the data.
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