Productivity and shareholders' wealth: the role of social responsibility dimensions in Tehran Stock Exchange companies and industries

Despite the extensive literature related to the productivity of companies and the wealth of shareholders, there has been less research that can model the wealth of shareholders based on the productivity of companies and industries. On the other hand, today corporate social responsibility is a vital issue for most organizations and managers and has strategic implications for companies in all industries. Therefore, the current research was conducted with the aim of investigating the effect of productivity on shareholders' wealth, relying on the role of social responsibility dimensions in Tehran Stock Exchange companies and industries. The important issue in this research is the effect of productivity at the two levels of the company and industry, considering the different nature of the activities of companies and industries on the wealth of shareholders and the separate role of internal and external dimensions of social responsibilities in this field. The present research is applied in terms of purpose and descriptive-correlational in terms of method. The statistical population of the research included all the companies admitted to the Tehran Stock Exchange between 2013 and 2022. The research data was extracted from the financial statements of companies active in the stock market. Data analysis was done with multivariate regression models using panel data. The results of this research show that productivity has a significant positive impact on shareholders' wealth and social responsibilities have a positive moderating effect on the relationship between productivity and shareholder wealth.