Corporate Social Responsibility Reporting and Financing (Bank loans and Debt Securities)

Document Type : Research Paper

Authors

1 Assistant Professor, Department of Accounting, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran.

2 MSc. of Auditing,, Faculty of social sciences and economics, Alzahra University, Tehran. Iran.

Abstract

One of the most important concerns of companies in the business process is how to provide the necessary financial resources to carry out the company's activities and achieve proper performance. Various factors can affect the companies' access to financial resources, one of which is the factors that can reduce the information asymmetry between the company and creditors. Considering the importance of corporate social responsibility and its significant impact on public trust on companies, the purpose of this research is to investigate the relationship between corporate social responsibility reporting and financing from money (bank loan) and capital (debt securities) markets.

The method of this research is applied research. The statistical population of this research is the companies listed in the Tehran Stock Exchange from 2014 to 2020 . The data of 134 companies were analyzed.

The results of the research showed that there is a positive and significant relationship between corporate social responsibility reporting and the amount of financing from the capital market (through the issuance of debt securities) and the amount of financing from the money market (bank loans).

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Main Subjects

Journal of Asset Management and Financing

Articles in Press, Accepted Manuscript
Available Online from 29 July 2024

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