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:: Volume 34, Issue 118 (quarterly journal of economic research and policies 2026) ::
qjerp 2026, 34(118): 324-375 Back to browse issues page
The Moderating Role of Financial Stability in the Relationship between Corporate Social Responsibility, Financial Performance, and Liquidity Creation in Banks
Mandana Taheri * , Mahshid Shahchera , Zahra SalehiYar
Allameh Tabataba'i University, Faculty of Management and Accounting , mandanataheri@atu.ac.ir
Abstract:   (268 Views)
This study aims to investigate the impact of corporate social responsibility (CSR) on banks’ financial performance and liquidity creation, considering the moderating role of financial stability. The statistical population includes listed banks on the Tehran Stock Exchange over a 7-year period, and panel data analysis was employed. The findings reveal that CSR has a positive and significant effect on return on assets (ROA). Furthermore, financial stability negatively moderates the relationship between CSR and financial performance, such that in banks with high financial stability, the positive effect of CSR on performance diminishes or reverses. Regarding liquidity creation, CSR alone does not have a significant impact; however, in the presence of financial stability, this relationship becomes positive and significant. These results suggest that CSR can contribute to liquidity creation only when banks have a stable financial structure. The study emphasizes the importance of internal bank conditions in determining the effectiveness of CSR initiatives and recommends that banking policymakers consider CSR as a complementary tool alongside indicators of financial soundness.
Keywords: Return on Assets, Financial Stability, Liquidity Creation, Financial Performance, Corporate Social Responsibility
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Type of Study: Research | Subject: Special
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Taheri M, shahchera M, SalehiYar Z. The Moderating Role of Financial Stability in the Relationship between Corporate Social Responsibility, Financial Performance, and Liquidity Creation in Banks. qjerp 2026; 34 (118) :324-375
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Volume 34, Issue 118 (quarterly journal of economic research and policies 2026) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
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