Volume 6, Issue 1 (Spring 2023)
Iranian Journal of Educational Sociology 2023, 6(1): 233-249 |
Back to browse issues page
Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:
Ahmadi R, Mehrabanpour M. (2023). Design and Efficiency Measurement of Social Responsibility Model of Companies Active in Capital Market Affected by the Epidemic of Covid-19. Iranian Journal of Educational Sociology. 6(1), 233-249. doi:10.61186/ijes.6.1.233
URL: http://iase-idje.ir/article-1-1334-en.html
URL: http://iase-idje.ir/article-1-1334-en.html
1- PhD student in finance and accounting, Kish International Campus, University of Tehran, Tehran, Iran.
2- Assistant Professor, Department of Management and Accounting, University of Tehran, Tehran, Iran.
2- Assistant Professor, Department of Management and Accounting, University of Tehran, Tehran, Iran.
Abstract: (654 Views)
Purpose: The purpose of this research is to design and evaluate the effectiveness of the social responsibility model of companies active in the capital market affected by the epidemic of the Covid-19 disease.
Methodology: The current research is a mixed research (qualitative-quantitative) and is practical in terms of purpose. In the qualitative part, nineteen members of the expert panel were determined using the snowball method. At the same time, G_Power software was used to determine the size of the statistical sample in the quantitative section, which determined it to be 120 cases. In order to analyze the data to reach the research objectives, Delphi technique was used in the qualitative part. Also, in the quantitative section, structural equation modeling using SmartPLS software was used to measure the efficiency of the model. In the qualitative section, after reviewing the research literature, 19 primary indicators were identified in the form of three main components, and the opinions of the expert panel members were used to measure their effectiveness using the Delphi technique. Finally, after two rounds, this technique reached the saturation stage.
Findings: In the quantitative part, using the PLS technique, it was found that all three main components have a positive and significant effect on social responsibility, and at the same time, in terms of the severity of the order of the factors, it is internal factors, macro factors and company characteristics.
Conclusion:The results of this section show the removal of three indicators from the primary indicators and at the same time the addition of four secondary indicators, which led to the identification of three final components and twenty sub-components.
Methodology: The current research is a mixed research (qualitative-quantitative) and is practical in terms of purpose. In the qualitative part, nineteen members of the expert panel were determined using the snowball method. At the same time, G_Power software was used to determine the size of the statistical sample in the quantitative section, which determined it to be 120 cases. In order to analyze the data to reach the research objectives, Delphi technique was used in the qualitative part. Also, in the quantitative section, structural equation modeling using SmartPLS software was used to measure the efficiency of the model. In the qualitative section, after reviewing the research literature, 19 primary indicators were identified in the form of three main components, and the opinions of the expert panel members were used to measure their effectiveness using the Delphi technique. Finally, after two rounds, this technique reached the saturation stage.
Findings: In the quantitative part, using the PLS technique, it was found that all three main components have a positive and significant effect on social responsibility, and at the same time, in terms of the severity of the order of the factors, it is internal factors, macro factors and company characteristics.
Conclusion:The results of this section show the removal of three indicators from the primary indicators and at the same time the addition of four secondary indicators, which led to the identification of three final components and twenty sub-components.
Type of Study: Research Article |
Subject:
Special
Received: 2022/09/18 | Accepted: 2022/12/20 | Published: 2023/05/31
Received: 2022/09/18 | Accepted: 2022/12/20 | Published: 2023/05/31
References
1. Azimi M, Ganji Arjangi S. (2016). The Impact of Corporate Social Responsibility (CSR) on Financial Reporting Quality. Accounting and Auditing Studies. 5(17): 96-111. [Persian]
2. Baatwahm S, Qadasi AA, Shehri AM, Imen D. (2022). Corporate social responsibility budgeting and spending during COVID-19 in Oman: A humanitarian response to the pandemic, Finance Research Letters. 11: 202-218. [DOI:10.2139/ssrn.3997885]
3. Bahattacharia C, sen S, Kurshun D. (2011). Leveraging corporate responsibility: The stakcholder route to maximizing business, new York: Cambridge university press. [DOI:10.1017/CBO9780511920684]
4. Barclay D, Higgins C, Thompson R. (1995). The partial least squares approach to causal modeling: personal computer adoption and use as an illustration. technological studies. 2(2): 285-309.
5. Chi H, Shen C, Kang F. (2008). Corporate social responsibility, investor protection and earning management, jornal of business ethics. 79(1): 179-198. [DOI:10.1007/s10551-007-9383-7]
6. Davari A, Rezazadeh A. (2013). Structural equation modeling with PLS software, first edition, Jahad Daneshgahi Publications. Tehran. [Persian]
7. Fahlenbrach R, Rageth K, Stulz RM. (2020). How Valuable is Financial Flexibility When Revenue Stops? Evidence from the COVID-19 Crisis; Fisher College of BusinessWorking Paper No. [DOI:10.3386/w27106]
8. He P, Sun Y, Zhang Y, Li T. (2020). COVID-190s impact on stock prices across different sectors-An event study based on the Chinese stock market. Emerg. Mark. Financ. Trade. 56: 2198-2212. [DOI:10.1080/1540496X.2020.1785865]
9. Larimi J, Norouzi M, Imani Khoshkho O. (2017). Disclosing Social Responsibility in an Age of Financial Crisis. Accounting and Auditing Studies. 6(22): 70-81. [Persian]
10. Laufer D, Coombs N. (2016). How should a company respond to a product harm crisis, business horizons. 49(5): 379-385. [DOI:10.1016/j.bushor.2006.01.002]
11. Lee Y, Cho. (2022). Socially stigmatized company's CSR efforts during the COVID-19 pandemic: The effects of CSR fit and perceived motives, Public Relations Review. 48(2): 123-133. [Persian] [DOI:10.1016/j.pubrev.2022.102180] [PMID] []
12. Lozano R, Suzuki M, Carpenter A, Tyunina O. (2017). An Analysis of the Contribution of Japanese Business Terms to Corporate Sustainability: Learnings from the "Looking-Glass" of the East. Sustainability. 9(2): 188. [DOI:10.3390/su9020188]
13. Maranjory M, Alikhani R. (2014). Social Responsibility Disclosure and Corporate Governance. Accounting and Auditing Review. 21(3): 329-348. [Persian]
14. McCloskey B, Heymann DL. (2020). SARS to novel coronavirus-Old lessons and new lessons. Epidemiol. Infect. 148: 22. [DOI:10.1017/S0950268820000254] [PMID] []
15. Nasirzadeh F, Marandi Z. (2021). The Relationship Between Corporate Social Responsibility And Financial Distress by Emphasizing the role of political connections. Stable Economy Journal. 2(2): 81-108. [Persian]
16. Pettenuzzo D, Sabbatucci R, Timmermann A. (2020). Dividend Suspensions and Cash Flow Risk during the Covid-19 [DOI:10.2139/ssrn.3628608]
17. Pandemic; CEPR Discussion Paper No. DP14921; CEPR Centre for Economic Policy Research: London, UK, 2020.
18. Teng X, Chang BG, Wu KS. (2021). The Role of Financial Flexibility on Enterprise Sustainable Development during the COVID-19 Crisis-A Consideration of Tangible Assets. sustainability. 13: 1-16. [DOI:10.3390/su13031245]
19. United Nations Industrial Development Organization (UNIDO). World Manufacturing Production Statistics for Quarter II; UNIDO: Vienna, Austria, 2020.
20. Yi J. (2020). Financial flexibility, dynamic capabilities, and the performance of manufacturing enterprises. J. Res. Emerg. Mark. 2: 19-32. [DOI:10.30585/jrems.v2i2.465]
Send email to the article author
| Rights and permissions | |
 |
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. |
.jpg)
