Effects of Various Influential Factors in the Realization of Social Responsibilities Based on Corporate Governance with an Emphasis on Financial Transparency

Advances in Mathematical Finance and Applications

مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 08 تیر 1402

نوع مقاله: Research Paper

شناسه دیجیتال (DOI): 10.22034/amfa.2022.1949626.1681

نویسندگان

Navid Rafiee؛ Majid Zanjirdar^* ؛ Hamidreza Ghasemi

Department of Financial Management, Arak Branch, Islamic Azad University, Arak, Iran

چکیده

Social responsibilities could meet the needs of stakeholders invariably. Financial transparency is a key component of social responsibility and the mechanism of corpo-rate leadership principles. The present study aimed to assess the effects and levels of various influential factors in the realization of social responsibilities based on the mechanism of corporate leadership principles with an emphasis on financial transpar-ency. We attempted to validate and grade four main factors in this research, including mandating factors, monitoringfactors, infrastructural factors, and structural factors. For this purpose, a questionnaire was developed to assess the data of 256 corporate managers and determine the associations between these factors in the form of four main hypotheses using path analysis. According to the findings, the four mentioned factors were confirmed in terms of their impact on the realization of social responsibilities based on the mechanism of corporate leadership principles with an emphasis on financial transparency. In addition, infrastructural factors had the most significant effect on the realization of social responsibilities based on corporate governance and then, Monitoring, Structural, Mandating factors are influential, respectively. research findings are consistent with the theoretical framework of the stakeholder theory.

کلیدواژه‌ها

Social Responsibility؛ Corporate Governance؛ Financial Transparency؛ Path Analysis