Investigating the relationship between sustainability reporting disclosure and IPO performance

Document Type : Original Article

Authors
rahman doostian 1
Ghazal Rezaie 2
1 Islamic Azad University, Khorramabad Branch, Department of Management
2 Master's student, accounting department, Khorramabad branch, Islamic Azad University, Khorramabad, Iran
10.30495/jik.2024.68692.4031
Abstract
The main purpose of this research is to examine the relationship between sustainability reporting disclosure and IPO performance in companies listed on the Tehran Stock Exchange. The companies admitted to the Tehran Stock Exchange in the period of 2001-2017 are the statistical population of this research, and according to the systematic elimination sampling, 75 companies were selected as a statistical sample. The collected data were analyzed with Eviews13 software and combined data regression tests. In general, the results of the research hypothesis test showed that there is a significant relationship between the disclosure of sustainability reporting and IPO performance. According to the findings of the research, it can be said that users of the company's financial information, especially investors and creditors, should pay special attention to the disclosure of sustainability reporting when making decisions about stock returns and determining the expected rate of return; Because companies that have proper sustainability reporting disclosure, these companies have high stock performance, which reduces the company's risk. Finally, for the first time, this research examines the relationship between sustainability reporting disclosure and IPO performance in IPO companies.
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