Presenting a model for social responsibility information disclosure with the foundation data theory approach in companies listed on the Tehran Stock Exchange

Mahmoudi, Reza; Talebnia, Ghodrat Allah; Vakilifard, Hamidreza; Ahmadi, Faegh; Shahdad Moradi, Khosrow

doi:10.22075/ijnaa.2022.26267.3284

Presenting a model for social responsibility information disclosure with the foundation data theory approach in companies listed on the Tehran Stock Exchange

Document Type : Research Paper

Authors

Reza Mahmoudi ¹

Ghodrat Allah Talebnia ²

Hamidreza Vakilifard ²

Faegh Ahmadi ³

Khosrow shahdad moradi ³

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

² Department of Financial Management, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran

³ Department of Financial Management, Qeshm Branch, Islamic Azad University, Qeshm, Iran

10.22075/ijnaa.2022.26267.3284

Abstract

This study is aimed at presenting a Model for Social Responsibility Information Disclosure through a data theory approach in companies listed on the Tehran Stock Exchange. This research is an exploratory mix (qualitative and quantitative) in terms of applied purpose, and it is of the database type (qualitative stage) and cross-sectional survey (quantitative stage) in terms of research method. The statistical population in the qualitative section includes 12 experts in the field of accounting, auditing, and financial management who are chosen through the snowball sampling method and the quantitative section of 2184 managers and experts of companies mentioned on the Tehran Stock Exchange (petrochemical companies) in 2020. 317 people were selected by simple random sampling using Cochran's formula. In the qualitative part of the exploratory interview and in the quantitative part, the data collection tool was semi-structured and a questionnaire, respectively. Data analysis in the qualitative domain which is based on open, axial, and selective coding, and in the quantitative domain was done through factor analysis and the Friedman test. The results of the qualitative part concerning the Social Responsibility Information Disclosure indicated that the most vital causal conditions which led to the social responsibility disclosure information included 4 components; i.e. economic utilitarianism, legal requirements, political influence, and managerial personality. The most important contextual conditions that led to the social responsibility disclosure of information included the four components, research areas, educational areas, government regulations, and technological factors. On the other hand, the most important intervening conditions which led to the social responsibility disclosure of information contained 6 components; i.e. market factors, media climate, economic-political factors, cultural-social factors, international factors, and environmental factors. Also, the most important strategies that led to the social responsibility disclosure of information included the three components of cultural affairs, social affairs, and the implementation of appropriate government policies. Finally, the most important consequences that led to the social responsibility disclosure information contained the five components: credit sustainability, corporate sustainability, environmental sustainability, sustainability of political influence, and capital growth. In the quantitative part, the results showed that in social responsibility disclosure information, the highest rank is related to the causal factor with an average rank of 4.34 and the lowest average rank is related to the intervening condition with an average rank of 2.50.

Keywords

Credit stability

corporate sustainability

environmental sustainability

sustainability of political influence and capital growth

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