Investigating the Impact of Environmental Management Criteria on Social Responsibility on Financial Performance of Manufacturing Companies with Emphasis on New Financial Criteria in Accounting

In the present study, the effect of environmental management criteria of social responsibility on the financial performance of manufacturing companies with emphasis on new financial criteria in accounting was investigated. According to studies, there are different categories for disclosing corporate social responsibility. In this study, the criterion of environmental management with sub-criteria of health and safety in the workplace, training programs and employee development and employee relations were used as independent variables. Also, the variables of economic value added, market value added, adjusted economic value added and Q Tobin were measured to measure the financial performance of companies as dependent variables. The present research is applied in terms of purpose classification and the research method is quantitative and in terms of data analysis is a correlational description.The data required to test the hypotheses were collected using the site of the stock exchange, accompanying notes and activity report of the board of directors to the assembly of108 manufacturing companies listed on the Tehran Stock Exchange during the period 2013 to 2020 and using Multivariate regression method was analyzed using F-Lehmer, Hausmann, Bruch-Godfrey and Bruch-Pagen tests using R software. The results of testing the hypotheses showed that there is a positive and significant relationship between the three components used in environmental management indicators with modern financial criteria. According to the results of the present study, company managers by considering the components of environmental management can be effective in improving company performance and take steps to increase company value and sustainable development.