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

Document Type : Original Article

Authors
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
Abstract
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..
Keywords
Stakeholder integration
financial performance
environmental sustainability orientation
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