The Role of Social Interest Rate Risk Management in the Relationship between Sustainability Performance and Investment Efficiency

Advances in Mathematical Finance and Applications

مقاله 9، دوره 5، شماره 4، دی 2020، صفحه 549-568   

نوع مقاله: Research Paper

شناسه دیجیتال (DOI): 10.22034/amfa.2020.674951

نویسندگان

Hamzeh Asgari Rashtiani¹؛ Fazel Mohammadi Nodeh^{* 2}؛ Sina Kheradyar³؛ Farzin Rezaei¹

¹Department of Accounting , Qazvin Branch , Islamic Azad University, Qazvin , Iran

²Department of Management , Lahijan Branch , Islamic Azad University, Lahijan , Iran

³Department of Accounting , Rasht Branch , Islamic Azad University, Rasht , Iran

چکیده

Sustainability is a wide concept that contains other concepts such as social responsibility and has been investigated with concepts such as competition sustainability, reporting sustainability, and social sustainability. The present study aims to investigate the role of social interest rate risk management (SIRRM) in the relationship between sustainability performance and investment efficiency. In terms of purpose, this study is an applied one, and form the methodological point of view is a descriptive correlational study. Accordingly, the required data has been collected from 79 listed firms on Tehran Stock Exchange during 2013-2017. In this research, social risk management includes SIRRM, and sustainability performance includes sustainability of reporting, competition, and ownership. The results indicate that SIRRM reinforces the relationship between competition sustainability, reporting sustainability, and ownership sustainability with investment efficiency.

کلیدواژه‌ها

Social interest rate risk management (SIRRM)؛ Social Responsibility؛ Sustainability performance؛ Investment efficiency

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