The Effect of Social Transparency on Firm Value and Performance: Evidence from Firms Listed in Tehran Stock Exchange

In this study, the impact of social transparency on the firm value and performance of companies listed in Tehran stock exchange (TSE), based on data from 101 companies in year of 2015 is examined. To do this, two main hypotheses and two sub-hypotheses were specified. The statistical method used in testing hypotheses is panel data regression. Findings show that social transparency is positively associated with firm Value and Performance. Overall, the results suggest that social transparency plays an important role in firm value and performance. This paper will help the management to develop effective social responsibility policies required to achieve better financial performance in long-term and provide awareness for firms in the field of role of social responsibility of firms to achieve future benefits.