The Impact of Ownership Structure on Corporate Social Responsibility in Iran

Research on the impacts of ownership structure on Corporate Social Responsibility (CSR) in Iran is limited. Nonetheless, it is widely argued that ownership structure is linked to CSR in developed countries. This study seeks to examine the impact of ownership structure on CSR in Iran. Utilizing a sample of ۱۰۲ companies listed on the Tehran Stock Exchange (TSE) over the period from ۲۰۲۰ to ۲۰۲۵, we hypothesize that various types of stockholders possess distinct motivations regarding the firm's CSR activities. We categorized ownership structure into managerial ownership, institutional ownership, and foreign ownership, and analyzed their effects on CSR within the context of Iranian companies. The findings reveal that institutional and foreign ownership exert a significant positive effect on CSR ratings. Conversely, managerial ownership has a significant negative effect on the firm's CSR rating. Therefore, we conclude that different types of owners have varying effects on the firm's CSR engagement.

کلیدواژه ها:

corporate social responsibility ، Foreign Ownership ، institutional ownership ، Managerial Ownership