Investigating the Relationship between Corporate Social Responsibility Reporting and Corporate Performance: meta-analysis

Authors
Narges Sarlak 1
Mohammad Javad Zare Behnmiri 2
Manizhe Ramshe 3
Bahareh Mirzaee 4
1 Associate Professor, Department of Accounting, Faculty of Economics and Administrative Sciences, University of Qom, Qom,(Corresponding Author)
2 Associate Professor, Department of Accounting, Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran. Mj.zare@qom.ac.ir
3 Assistant Professor, Department of Accounting, Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran. M.ramshe@qom.ac.ir
4 Senior Expert, Department of Accounting, Faculty of Economics and Administrative Sciences, University of Qom, Qom, Iran, Bahar.m1390@gmail.com
10.61186/aapc.8.15.211
Abstract
The purpose of this research is to use the meta-analysis approach in order to analyze and combine the contradictory and incompatible results of the studies conducted in the field of investigating the relationship between social responsibility reporting and corporate performance, taking into account different performance measurements. These measures include Return on Equity, Return on Asset, Tobin's Q index, Earnings per Share and Net profit Margin. To achieve this goal, by applying the approach of Lipsey and Wilson (2001) as well as the Q tests of Cochran and Egger, 37 studies including 7 domestic articles in the period of 1378 to 1401 and 30 foreign articles in the period of 2000 to 2022 were examined. In these studies, social responsibility reporting was considered as an independent variable and company performance as a dependent variable. According to the findings of the research, with the meta-analysis of all eligible studies and the compilation of all performance indicators, there is no significant relationship between social responsibility-reporting and company performance. Also there is no significant relationship between social responsibility reporting and the two indicators: Return on equity and Net profit Margin. However, there is a significant relationship between social responsibility reporting and three indicators: Tobin's Q, Return on Assets and Earnings per Share. Considering the significant relationship between social responsibility reporting and three financial performance indicators, managers are advised to pay more attention to social responsibility reporting, which is the bridge between business units and stakeholders, because improving social responsibility reporting can lead to improved firm financial performance.
Keywords
Corporate Social Responsibility Reporting
Firm performance
Meta-analysis
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Value and Behavioral Accounting
Volume 8, Issue 15
Summer 2023
Pages 211-247