Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Investigating the impact of environmental, social and governance (ESG) performance on asymmetric cost behavior in companies listed on the Tehran Stock Exchange

Document Type : Original Article

Authors
Abdolreza Mohseni 1
Mostafa ghaseni 2
hanieh hasani 3
1 Assistant Professor, Islamic Azad University OF Bushehr Branch, Department of Accounting, Bushehr, Iran
2 Assistant Professor, Department of Accounting, Bushehr Branch, Islamic Azad University, Bushehr, Iran
3 PhD student in Accounting, Bushehr Branch, Islamic Azad University, Bushehr, Iran
Abstract
Changes in society's expectations of economic enterprises have led to the creation of new definitions and the emergence of phenomena such as sustainable development and corporate sustainability. The issue of corporate sustainability, especially from a non-financial perspective, has received intense attention from investors and policymakers in recent years. This study examined the impact of environmental, social, and governance (ESG) performance on asymmetric cost behavior in companies listed on the Tehran Stock Exchange. For this purpose, a sample of 120 companies listed on the Tehran Stock Exchange between 2010 and 2013 was selected, and the research hypotheses were tested using a multivariate regression model. The results of the study showed that environmental, social, and governance (ESG) performance has a positive and significant effect on asymmetric cost behavior. In other words, corporate sustainability increases asymmetric cost behavior.
Keywords
Corporate sustainability information disclosure
cost stickiness
asymmetric cost behavior

Subjects