مدیریت ریسک سازمانی و مسئولیت اجتماعی شرکت: نقش تعدیل گری مدیریت سود واقعی (مقاله علمی وزارت علوم)
درجه علمی: نشریه علمی (وزارت علوم)
آرشیو
چکیده
هدف این پژوهش، بررسی رابطه بین مدیریت ریسک سازمانی و افشای مسئولیت های اجتماعی شرکت، و همچنین بررسی اثر تعدیل کنندگی مدیریت سود واقعی بر این رابطه است. داده های به کار گرفته شده، شامل 102 شرکت پذیرفته در بورس اوراق بهادار تهران در بازه زمانی سال های 1393 تا 1399 است. جهت بررسی فرضیه ها از مدل رگرسیون خطی چندگانه با استفاده از داده های تابلویی استفاده شده است. نتایج به دست آمده از این پژوهش نشان می دهد که بین مدیریت ریسک سازمانی و افشای مسئولیت اجتماعی رابطه معنی دار و مثبت وجود دارد. این نتیجه می تواند به این دلیل باشد که مدیریت ریسک سازمانی با ایجاد یک دید از بالا به پایین و هدایت ریسک های مضر آتی از سوی جامعه که ممکن است رخ بدهند و شرکت را از ریل موفقیت خارج کنند، گرایش مدیران به فعالیت های مسئولیت اجتماعی را بیشتر می کند. همچنین، مدیریت سود واقعی این رابطه را تقویت می کند. در واقع تعامل استراتژی مدیریت سود واقعی با مدیریت ریسک سازمانی، بستر لازم را از طریق افزایش بهره وری کوتاه مدت و در نتیجه رفع نگرانی مدیران برای حفظ جایگاه و منافعشان، آن ها را به اجرای فعالیت های ارزشمند اجتماعی و دارای منافع آتی تشویق می کند. نتایج پژوهش ما پیامدهای استراتژیک حیاتی برای ذینفعان و قانون گذاران مرتبط با فرصت طلبی مدیریتی و مکانیزم حاکمیت شرکتی دارد.Enterprise Risk Management and Corporate Social Responsibility: The Moderating Role of Real Earnings Management
1- INTRODUCTIONCompanies operate in an environment where the public expects them, in addition to their ability to generate profits, to maintain a balance between business growth and social progress. Therefore, corporate social responsibility has become an inevitable priority for business leaders. Furthermore, the activities of companies are different in terms of the degree of risk-taking, and thus, risk management is of great concern for them in dynamic global environments. Organizational risk management pays special attention to more effective identification of risks and social communication of the company. Also, to reduce the effects of uncertainty on the company's performance, managers can manage profit within a framework of accounting standards by affecting the structure of actual transactions and maintaining the stock price and support of their shareholders. But what the general investors understand about social responsibility is to report the companies' financial issues transparently. 2- THEORETICAL FRAMEWORKAs a ranking factor instead of internal control, risk management targets the companies' strategy to manage their attitude and exposure to risk and increase their value. Theoretically, a manager's trust or willingness to participate in social responsibility relates to corporate governance and the company's executive motivations. Social responsibility is morally optional rather than morally required, and the risk management model strengthens a manager's economic incentive to allocate some company resources to social responsibility activities. The agency perspective of social responsibility argues that entrenched managers in a company with strong corporate governance may use social responsibility activities to collude with shareholders to gain higher management authority to benefit from personal interests. In other situations, managers who are ascertained of positive benefits from these activities may choose social investments even if they are not value-adding. Factors such as capital market pressure, product market competition, and job-related incentives can motivate managers to perform earnings management. When the company has more effective organizational risk management, it has more potential opportunities, so managers may be less willing to manipulate profits. Managers use actual earnings management more when the risk management system is relatively weak. Some managers believe that social responsibility can reduce the possibility of disclosure of companies' participation in earnings management by providing the interests of the beneficiaries and presenting an image of social and environmental concerns. Earnings management practices harm the collective interests of stakeholders. Hence, the managers who manipulate the profit can address the activism and vigilance of the stakeholders through social responsibility methods. 3- METHODOLOGYThis research is a quantitative study. Its strategy is multiple linear regression and moderated regression analyses based on panel data. Needed data was gathered from 102 companies admitted to the Tehran Stock Exchange (TSE) from 2015 to 2021. Eviews software (version 12) was used to analyze the data. 4- RESULTS & DISCUSSIONThe results show that the variable of organizational risk management has a positive and significant effect on the variable of corporate social responsibility. This result may be because risk management leads managers to social responsibility activities by creating a top-down view and guiding future harmful risks from society that may take the company off the track of success. Also, the interactive variable of actual earnings management with organizational risk management has a positive and significant effect on the variable of corporate social responsibility. The interaction of real earnings management strategy with risk management provides the necessary platform through increasing short-term productivity and consequently removing the managers' concern about maintaining their position and interests, encouraging them to carry out socially valuable activities with future benefits. 5- CONCLUSIONS & SUGGESTIONSEffective organizational risk management can reduce the effects of individual and general risks on the company's social responsibility goals. Companies with more effective risk management are more willing to invest in humanitarian activities. Also, actual earnings management can affect organizational risk management preferences that are applied to increase social responsibility activities. Our results have critical strategic implications for stakeholders and regulators regarding managerial opportunism and corporate governance mechanisms. Managers should focus more on organizational risk management and actual earnings management in the framework of accounting standards to maintain a sustainable competitive advantage.
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