Material Sustainability and Investment Efficiency
Article Type:
Research/Original Article (دارای رتبه معتبر)
This study aims to investigate the effect of material sustainability investment on investment efficiency and to analyze how material sustainability moderates the relationship between accounting conservatism and investment efficiency. We examine the behavior of 104 listed firms in the TSE in four industries under the Extractives and Minerals Processing sector over six years from 2016 to 2021. Material Sustainability activities have been specified according to SASB standards and firms are scored according to disclosure of investing in these activities. The conservatism level has been measured using the accrual-based measure and the Q-Tobin measure is employed as a proxy for investment efficiency. The research findings indicate that firms investing more in material sustainability issues have higher efficiency. Furthermore, while the moderating role of material sustainability performance on the relationship between accounting conservatism and investment efficiency was not confirmed for the entire period study, the material sustainability investment intensified the relationship between conservatism and investment efficiency before the outbreak of COVID-19 (2016-2019).
Iranian Journal of Accounting, Auditing and Finance, Volume:7 Issue: 4, Autumn 2023
77 to 91  
دانلود و مطالعه متن این مقاله با یکی از روشهای زیر امکان پذیر است:
اشتراک شخصی
با عضویت و پرداخت آنلاین حق اشتراک یک‌ساله به مبلغ 990,000ريال می‌توانید 70 عنوان مطلب دانلود کنید!
اشتراک سازمانی
به کتابخانه دانشگاه یا محل کار خود پیشنهاد کنید تا اشتراک سازمانی این پایگاه را برای دسترسی نامحدود همه کاربران به متن مطالب تهیه نمایند!
  • حق عضویت دریافتی صرف حمایت از نشریات عضو و نگهداری، تکمیل و توسعه مگیران می‌شود.
  • پرداخت حق اشتراک و دانلود مقالات اجازه بازنشر آن در سایر رسانه‌های چاپی و دیجیتال را به کاربر نمی‌دهد.
In order to view content subscription is required

Personal subscription
Subscribe for 50 € euros via PayPal and download 70 articles during a year.
Organization subscription
Please contact us to subscribe your university or library for unlimited access!