بررسي تاثير مسئوليت اجتماعي برساختار سرمايه

Investigating the Impact of Social Responsibility on Capital Structure

تحقيق حاضر به بررسي تاثير مسئوليت اجتماعي بر تغيير ساختار سرمايه شركت‌هاي پذيرفته ‌شده در بورس اوراق بهادار تهران مي پردازد. شكل گيري اين تحقيق براساس اين سوال است كه آيا مسئوليت اجتماعي شركت ها بر ساختار سرمايه آنها اثر مي گذارد يا خير. جامعه آماري اين پژوهش شركت هاي پذيرفته شده در بورس اوراق بهادار تهران است. بر اين اساس اطلاعات تعداد 71 شركت به عنوان نمونه انتخاب گرديد. جهت آزمون فرضيه ي اين پژوهش، از روش رگرسيون چند متغيره و آزمون پيش فرض هاي رگرسيون و جهت تجزيه و تحليل اطلاعات از نرم افزارهايEViews و Excel استفاده شده است. داده هاي اين مطالعه، در برگيرنده ي داده هاي سري زماني و داده هاي مقطعي است. داده هاي سري زماني اين مطالعه، داده هاي بين سالهاي 1393 تا 1398 را نشان داده و داده هاي مقطعي، داده هاي شركت ها را با حداكثر اطلاعات موجود بيان مي كنند. داده هاي استفاده شده از سايت كدال استخراج و به صورت پنل ديتا جمع آوري گرديده اند.

The present study investigates the effect of social responsibility on the change in the capital structure of companies listed on the Tehran Stock Exchang .The formation of this research is based on the question of whether corporate social responsibility affects their capital structure or not . The statistical population of this research is the companies listed on the Tehran Stock Exchange .Based on this, the information of 71 companies was selected as a sample. To test the hypothesis of this research, multivariate regression method and regression defaults test and to analyze the data, EViews and Excel software have been used .The data of this study include time series data and cross-sectional data .The time series data of this study show the data between 1393 and 1398 and cross-sectional data express the data of companies with the maximum available information .The data used were extracted from Cadal site and collected as a data panel .The results of data analysis show that there is a significant relationship between the ratio of tax to sales as a measure of corporate social responsibility and the degree of financial leverage as a measure of capital structure and also the ratio of fixed assets to total assets as a measure of responsibility. There is a significant relationship between corporate social and the degree of financial leverage as a measure of capital structure.