Theoretical literature studies on corporate social responsibility and investment efficiency considering the role of capital structure

Today, the discussion of corporate stability, which consists of social responsibility, environmental responsibility, and economic responsibility, has been considered at the level of important international forums and the accounting profession, and based on this, the relationship of this social responsibility that managers must adhere to. and also the efficiency of investment that managers should decide for the optimal allocation of resources in order to make positive and optimal capital structure changes for their companies has a significant role, therefore, considering this, to review a general literature of social responsibility and We paid investment efficiency by considering the role of capital structure, in which we examined 27 domestic and foreign articles from 2012 to 2022. The results of these studies show that companies that carry out social responsibility at a higher level and They have more adherence to it, due to their general acceptance by the society, they have the capacity to have more optimal investment efficiency and invest in projects with more internal returns and make their capital structure more optimal than before. Therefore, an economic enterprise or business, of any type, is undoubtedly a public entity and property. Corporate social responsibility covers all aspects of corporate governance and is about how companies conduct their business in an ethical manner and consider the impact of economic, environmental and social aspects of human rights. Social responsibility improves the quality of people's social life in social dimensions. Also, social responsibility will increase the company's efforts to maximize profit. Therefore, it can be expected that investment efficiency will be affected in companies that have more social responsibility. Also, the amount of financial leverage and the ratio of the company's capital structure can also be effective for this relationship.