نوع مقاله : مقاله پژوهشی
نویسندگان
1 گروه حسابداری، موسسه آموزش عالی غیردولتی- غیرانتفاعی راغب اصفهانی، اصفهان، ایران
2 گروه حسابداری، موسسه آموزش عالی راغب اصفهانی، اصفهان،ایران
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
One of the topics well addressed in the theoretical foundations of financial economics is the sensitivity of investment costs to cash flow. A company’s reliance on internal resources is determined by investment sensitivity to its cash flow. This research investigates the impact of sustainability reporting on the sensitivity of investment to internal cash flow. The statistical population of this research includes a sample of 81 companies selected through systematic elimination from those listed on the Tehran Stock Exchange between 2014 and 2022. Furthermore, the generalized (weighted) least squares method and a combined data approach were employed to test the research hypotheses. The findings from estimating the research model indicate that sustainability reporting negatively affects the sensitivity of investment to internal cash flow. Due to its disclosure requirements in environmental, social, and governance areas (ESG), it necessitates liquidity. This reduction in liquidity intensifies the sensitivity of investment to internal cash flow
کلیدواژهها [English]
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