جهت گیری پایداری زیست محیطی و ساختار مالی؛ اثرات تعدیل کننده سطح فعالیت، نوع صنعت، سودآوری و سرمایه زیست محیطی

نوع مقاله : مقاله پژوهشی

نویسندگان

1 گروه حسابداری، واحد بین المللی کیش، دانشگاه آزاد اسلامی، جزیره کیش، ایران

2 گروه حسابداری، واحد تهران مرکزی، دانشگاه آزاد اسلامی، تهران، ایران

چکیده

جهت گیری پایداری زیست محیطی جنبه مهمی از گرایشات زیست محیطی است که نشان دهنده میزان مشارکت یک شرکت در غلبه بر تخریب محیط زیست است. پژوهش حاضر به مطالعه جهت گیری پایداری زیست محیطی و ساختار مالی با توجه به اثرات تعدیل کننده سطح فعالیت، نوع صنعت، سودآوری و سرمایه زیست محیطی پرداخته است. بدین منظور از میان شرکت های پذیرفته شده در بورس اوراق بهادار تهران اطلاعات مالی 120 شرکت بورسی طی سال های 1393 تا 1398 به روش حذفی سیستماتیک انتخاب و مورد تجزیه و تحلیل آماری قرار گرفت. نتایج این تحقیق نشان داد که جهت گیری پایداری زیست محیطی بر ساختار مالی شرکت های تحت بررسی تاثیر مثبت دارد. علاوه بر این انجام تحلیل های بیشتر نشان داد که متغیرهای سطح فعالیت، نوع صنعت، سودآوری و سرمایه بری زیست محیطی، اثر پذیری ساختار مالی از جهت گیری زیست محیطی را به شکل مثبتی تشدید می نماید.

کلیدواژه‌ها

عنوان مقاله [English]

Orientation of environmental sustainability and financial structure; Moderating effects of activity level, type of industry, profitability and environmental capital

نویسندگان [English]

  • Masoud Farahabady 1
  • Farzaneh Heidarpoor 2
  • Azita Jahanshad, 2
1 Department of Accounting, Kish International Branch, Islamic Azad University, Kish Island, Iran
2 Department of Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran
چکیده [English]

Environmental sustainability orientation is an important aspect of environmental trends that reflects the extent to which a company participates in overcoming environmental degradation. The present study studies the orientation of environmental sustainability and financial structure with respect to the moderating effects of activity level, type of industry, profitability and environmental capital. For this purpose, among the companies listed on the Tehran Stock Exchange, the financial information of 120 listed companies during the years 2015 to 2020 was selected by a systematic elimination method and statistically analyzed. The results of this study showed that the orientation of environmental sustainability has a positive effect on the financial structure of the companies under study. In addition, further analysis showed that the variables of activity level, type of industry, profitability and environmental investment, positively intensify the effectiveness of the financial structure from the environmental orientation..
In addition, further analysis showed that the variables of activity level, type of industry, profitability and environmental investment, positively intensify the effectiveness of the financial structure from the environmental orientation..

کلیدواژه‌ها [English]

  • Stakeholder integration
  • financial performance
  • environmental sustainability orientation

مراجع

  • جباری پیریوسفیان، جابر؛ نوبری، علیرضا (1399). شناسایی و رتبه بندی عوامل سرمایه‌گذاری سبز، فصلنامه دانش سرمایه‌گذاری، سال نهم، شماره 34، ص‌ص: 107-71.
  • حجازی، رضوان؛ جعفری نسب کرمانی (1397). حسابداری کربن، فصلنامه پژوهش حسابداری، دوره هشتم، شماره 1، ص‌ص: 90 –
  • محفوظی، غلام رضا؛ اکبری، محسن؛ قاسمی شمس، معصومه (1396). بررسی تأثیر مسئولیت اجتماعی شرکت‌ها بر حساسیت سرمایه‌گذاری به جریان نقدی، فصلنامه دانش سرمایه‌گذاری، سال ششم، شماره 21، ص‌ص: 57 –
  • شهسواری، معصومه؛ سلمانی، رسول (1397). بررسی پیامدهای اقتصادی مسئولیت پذیری اجتماعی شرکت ها با تأکید بر کارایی سرمایه گذاری، فصلنامه دانش سرمایه‌گذاری، سال هفتم، شماره 27، ص‌ص: 240 –
  • عزیزی، صدیقه؛ سالاری، حجت اله؛ رنجبر، محمدحسین؛ خدادادی، داوود (1399). ارایه مدلی جامع از اهمیت نسبی شاخص‌های حسابداری زیست محیطی با استفاده از معادلات ساختاری، فصلنامه مطالعات تجربی حسابداری مالی، سال هفدهم، شماره 66، ص‌ص: 205-173.
  • Amankwah‐Amoah, J., Danso, A., & Adomako, S. (2019). Entrepreneurial orientation, environmental sustainability and new venture performance: Does stakeholder integration matter? Business Strategy and the Environment, 28(1), 79-87.
  • Assembly, G. (2015). Resolution adopted by the General Assembly on 19 September 2016. A/RES/71/1, 3 October 2016 (The New York Declaration).
  • Ardito, L., Raby, S., Albino, V., & Bertoldi, B. (2021). The duality of digital and environmental orientations in the context of SMEs: Implications for innovation performance. Journal of Business Research, 123, 44-56.
  • Bolis, I., Morioka, S.N., Sznelwar, L.I, 2017. Are we making decisions in a sustainable way? A comprehensive literature review about rationalities for sustainable development. Journal of Cleaner Production 145, 310-322.
  • Cho, C. H., & Patten, D. M. (2007). The role of environmental disclosures as tools of legitimacy: A research note. Accounting, organizations and society, 32(7-8), 639-647.
  • Clarkson, P. M., Fang, X., Li, Y., & Richardson, G. (2013). The relevance of environmental disclosures: are such disclosures incrementally informative?. Journal of Accounting and Public Policy, 32(5), 410-431.
  • Danso, A., Adomako, S., Lartey, T., Amankwah-Amoah, J., & Owusu-Yirenkyi, D. (2020). Stakeholder integration, environmental sustainability orientation and financial performance. Journal of business research.
  • Desai, V. M. (2018). Collaborative stakeholder engagement: An integration between theories of organizational legitimacy and learning. Academy of Management Journal, 61(1), 220-244.
  • De Lucia, C, Balena, P., Melone, M.R.S., Borri, D., 2016. Policy, entrepreneurship, creativity and sustainability: The case of ‘Principi Attivi’ (‘Active Ingredients’) in Apulia Region (southern Italy). Journal of Cleaner Production, 135, 1461-1473.
  • Erdiaw‐Kwasie, M. O., Alam, K., & Kabir, E. (2017). Modelling corporate stakeholder orientation: Does the relationship between stakeholder background characteristics and corporate social performance matter?. Business Strategy and the Environment, 26(4), 465-479.
  • Feng, T., Zhao, G., & Su, K. (2014). The fit between environmental management systems and organisational learning orientation. International Journal of Production Research, 52(10), 2901-2914.
  • Fernández-Cuesta, C., Castro, P., Tascón, M. T., & Castaño, F. J. (2019). The effect of environmental performance on financial debt. European evidence. Journal of cleaner production, 207, 379-390.
  • Fiaschi, D., Giuliani, E., & Nieri, F. (2017). Overcoming the liability of origin by doing no-harm: Emerging country firms’ social irresponsibility as they go global. Journal of World Business, 52(4), 546-563.
  • Foxon, T. J. (2011). A coevolutionary framework for analysing a transition to a sustainable low carbon economy. Ecological Economics, 70(12), 2258-2267.
  • Hang, M., Geyer‐Klingeberg, J., Rathgeber, A., & Stöckl, S. (2018). Economic development matters: A meta‐regression analysis on the relation between environmental management and financial performance. Journal of Industrial Ecology, 22(4), 720-744.
  • Hartmann, F., Perego, P., & Young, A. (2013). Carbon accounting: Challenges for research in management control and performance measurement. Abacus, 49(4), 539-563.
  • Hategan, C. D., Sirghi, N., Curea-Pitorac, R. I., & Hategan, V. P. (2018). Doing well or doing good: The relationship between corporate social responsibility and profit in Romanian companies. Sustainability, 10(4), 1041.
  • Jones, T. M., Harrison, J. S., & Felps, W. (2018). How applying instrumental stakeholder theory can provide sustainable competitive advantage, Academy of Management Review. No. (ja), 43(3), 371–391.
  • Latan, H., Jabbour, C. J. C., de Sousa Jabbour, A. B. L., Wamba, S. F., & Shahbaz, M. (2018). Effects of environmental strategy, environmental uncertainty and top management's commitment on corporate environmental performance: The role of environmental management accounting. Journal of Cleaner Production, 180, 297-306.
  • Lee, S. Y. (2012). Corporate carbon strategies in responding to climate change. Business Strategy and the Environment, 21(1), 33-48.
  • Lewandowski, S. (2017). Corporate carbon and financial performance: The role of emission reductions. Business Strategy and the Environment, 26(8), 1196-1211.
  • Lo, C. K., Yeung, A. C., & Cheng, T. C. E. (2012). The impact of environmental management systems on financial performance in fashion and textiles industries. International journal of production economics, 135(2), 561-567.
  • Luca (Cososchi), D.G., Luca, A., Lupu, L.M., Herghiligiu, I.V., 2018, Indicators system for assessing the organizational knowledge acquisition process. Environmental Engineering and Management Journal. 17 (4), 937-950. LPislaru, M., Herghiligiu, I. V., & Robu, I. B. (2019). Corporate sustainable performance assessment based on fuzzy logic. Journal of cleaner production, 223, 998-1013.
  • Plaza-Úbeda, J. A., de Burgos-Jiménez, J., & Carmona-Moreno, E. (2010). Measuring stakeholder integration: knowledge, interaction and adaptational behavior dimensions. Journal of Business Ethics, 93(3), 419-442.
  • Putz, R. (2017). Exploring U-shaped relationships between Corporate Environmental Management Performance and Corporate Financial Performance (A&C).
  • Roxas, B., Ashill, N., & Chadee, D. (2017). Effects of entrepreneurial and environmental sustainability orientations on firm performance: A study of small businesses in the Philippines. Journal of Small Business Management, 55(sup1), 163-178.
  • Shevchenko, A., Pan, X., & Calic, G. (2020). Exploring the effect of environmental orientation on financial decisions of businesses at the bottom of the pyramid: Evidence from the microlending context. Business Strategy and the Environment, 29(5), 1876-1886.
  • Yu, Y., & Huo, B. (2019). The impact of environmental orientation on supplier green management and financial performance: The moderating role of relational capital. Journal of cleaner production, 211, 628-639.

فایل ها

هم رسانی

ارجاع به این مقاله

آمار