The Impact of Sustainable Reporting on the Relationship between Enterprise Risk Management and Financial Performance of Companies Listed in Tehran Stock Exchange

Aeen Ahmadi Khoshabari¹ Hamzeh Kardost Postinsaraiee²

1) Master of Accounting, University of Guilan, Rasht, Guilan
2) Master of Accounting, Islamic Azad University, Science and Research Branch of Rasht Branch, Rasht, Iran

IOI Code : XBEC-ECEDA
Publication : 2nd International Conference on Management, Accounting, Economics & Banking in the Third MIillennium(mae2019.ir)
Abstract :
    The purpose of this study was to investigate the impact of sustainable reporting on the relationship between enterprise risk management and financial performance of listed companies in Tehran Stock Exchange. Corporate risk management and firm reporting were independent variables of research and financial performance variables were research dependent variables. The statistical sample of the study consisted of 966 year-observing companies (7 financial years and 138 companies) during the period 1390 to 1396 from listed companies in Tehran Stock Exchange. The research hypotheses were analyzed using Combined regression and panel data regression using Eviews10 econometric software. Hypothesis analysis in this study using EGLS estimation method at 95% confidence level showed that enterprise risk management had no significant effect on firm financial performance. Sustainable reporting has a negative and significant effect on financial performance. Accordingly, it can be said that by increasing sustainable reporting, the financial performance of the company is reduced and finally the results show that sustainable reporting has no significant effect on the relationship between enterprise risk management and financial performance.  

Keywords : financial performance sustainable reporting enterprise risk management