Operational and Performance Research in Accounting and Auditing

Operational and Performance Research in Accounting and Auditing

Information Disclosure of Social Responsibility, Environmental Sensitivity and Cash Holdings

Document Type : Original Article

Authors
1 Associate Prof, Department of Accounting Faculty of Social Sciences Branch East Tehran, Tehran, Iran
2 Ph.D. Student of Accountingmand Member of Young Researchers and Elite Club, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran
Abstract
This study aimed to analyze the relation of level of information disclosure of corporate social responsibility, environmental sensitivity of industry group and cash holdings. The study period was 2014 through 2018 and the sample size includes 128 companies listed on the Tehran Stock Exchange. The ordinary least squares regression method in Eviews software and Kruskal-Wallis in SPSS software were also used to test the research hypotheses. Findings obtained from the research hypotheses test indicate there was a positive and significant relationship between the level of information disclosure of corporate social responsibility and maintenance level of company's cash. Given the findings of the research, it can be claimed that the company's cash is being increased by increasing level of information disclosure of corporate social responsibility. Other findings also showed that lower levels of social responsibility are disclosed by those companies that have greater environmental sensitivity rather than companies that are less sensitive to environmental as well as more cash is held by them.
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