Social Responsibility and Firm's Ownership with Regard to Financial Performance

The purpose of this study is to investigate intermediary effect of financial performance on relationship between social responsibility and firm ownership structure. In this research, financial performance is measured by rate of return on assets. To measure social responsibility, the DEA pattern has been used that has four parts (voluntary, moral, legal, and economic responsibility). For this purpose, 105 firms from Tehran Stock Exchange were selected through an omitting technique for 8 years (2016–2011). Research variables have been analyzed using multivariate regression. The results of the reliability test showed that the variables were in the stable level and there was no linear relationship between the independent and control variables and we used F. Limer and Hausman tests to determine the most suitable regression model and tested the hypotheses through the relevant model. The results of hypothesis test showed that social responsibility has a positive and significant effect on financial performance and institutional ownership and intermediary effect of financial performance on relationship between social responsibility and institutional ownership is positive and significant.