Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Examining the impact of dividends in companies with high and low social responsibility (case study: companies admitted to the stock exchange)

Document Type : Original Article

Authors
1 Master of Auditing, Hakim Nizami Institute of Higher Education, Qochan, Iran.
2 Assistant Professor of Accounting Department, Hakim Nizami Institute of Higher Education, Qochan, Iran.
3 Master of Accounting, Hakim Nizami Institute of Higher Education, Qochan, Iran.
Abstract
In recent decades, the concept of corporate social responsibility as a key issue in the field of businesses and their policies has gradually gained public attention. Social responsibility means the commitment of companies to provide positive effects on society and the environment, and includes ethical performance, protection of human rights, environmental protection and active participation in social development. One of the important aspects of corporate social responsibility is their dividend policy. The dividend policy deals with the distribution of profits from the company's performance among shareholders and other stakeholders. This policy can have a significant impact on the process of economic and social development and ultimately affect political and economic decisions. The purpose of the current research is to investigate the effect of dividends in companies with high and low social responsibility (case study: companies admitted to the Tehran Stock Exchange). The current research is considered to be of the applied type in terms of its purpose and also of the correlation research type. The statistical population of this research is all the companies admitted to the Tehran Stock Exchange between 1396 and 1400, and the statistical sampling method is systematic elimination and after considering all the criteria, 118 companies remained as the screened population, all of which were selected as samples. Therefore, the observations of the current research reached 595 company-years during the period of 1396 to 1400. In order to collect the data, the information available in Rahvard Navin software and checking the financial statements of the companies by referring to the official website of the stock exchange have been used. Also, in this research, the statistical method used to analyze the data is the multivariate regression method using combined data. Therefore, the software used is the EVEIWS software, which has the capability of such analysis. The results obtained from the hypothesis analysis showed that companies with high social responsibility have more dividends than companies with low social responsibility. Also, the dividend policy is more stable in companies with higher social responsibility than in companies with less social responsibility.
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