The Role of Social Interest Rate Risk Management in the Rela-tionship between Sustainability Performance and Investment Ef-ficiency

Document Type: Research Paper

Authors

1 Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran

2 Assistant Prof., Faculty of Management and Accounting, Islamic Azad University, Rasht, Iran

3 Assistant Prof., Faculty of Humanities, Islamic Azad University, lahijan, Iran

4 Associate Professor, Department of Accounting, Qazvin Branch, Islamic Azad University, Qazvin, Iran

5 Islamshahr Azad University, Accounting and Management faculty

10.22034/amfa.2019.1869272.1228

Abstract

Sustainability is a wide concept that contains other concepts such as social responsibility and has been investigated with concepts such as competition sustain-ability, reporting sustainability, and social sustainability. The present study aims to investigate the role of social interest rate risk management (SIRRM) in the relationship between sustainability performance and investment efficiency. In terms of purpose, this study is an applied one, and form the methodological point of view is a descriptive correlational study. Accordingly, the required data has been collected from 79 listed firms on Tehran Stock Exchange during 2013-2017. In this research, social risk management includes SIRRM, and sustainability performance includes sustainability of reporting, competition, and ownership. The results indicate that SIRRM reinforces the relationship between competition sustainability, reporting sustainability, and ownership sustainability with investment efficiency.

Keywords