The Effect of the Characteristics of Board of Directors on Social Responsibility in the Listed Companies on Tehran Stock Exchange

Document Type : Original Article


1 Department of Accounting, Babol Branch, Islamic Azad University, Babol. Iran

2 Master's Degree in Development and Economic Planning, Department of Economics, Firuzkooh Branch, Islamic Azad University, Firuzkooh, Iran

3 Master's Degree in Accounting, Department of Accounting, Allameh Amini Institute, Bahnemir, Iran.


Different studies have investigated the causes and reasons leading organizations to the use of social responsibility. Despite the lack of determinants of social responsibility within the company, studies on intra organizational factors, including the characteristics of board members, to analyze why board members differ in commitment to social responsibility are growing. The purpose of this study is to investigate the effect of board characteristics on social responsibility. For this purpose, information on 91 TSE listed companies in the period 2016-2017 was collected. After performing the required tests, the fixed effects method was found to be suitable for estimating the model, and due to the problem of variance heterogeneity, the GLS method was used to estimate the model. The results show that the gender and independence of the board had a positive and significant effect on corporate social responsibility, but the size of the board had a negative effect on social responsibility.