Abstract

The purpose of research is to identify factors that explain the pattern of reporting and corporate social responsibility and corporate social responsibility influence on the Stock Price Crash Risk. to achieve this goal, Using various aspects of social responsibility theory based on Carroll, Indicators for economic, legal, ethical, environmental and social was considered and Using confirmatory factor analysis, appropriate indicators were selected each dimension. The sample consisted of 86 companies during the period 1388 to 1393 based on data envelopment analysis, the performance was calculated corporate social responsibility. To calculate the stock price crash risk models has a stock return negative coefficient of skewness Chen et al (2001) was used. The performance index of corporate social responsibility to check the effects on the Stock Price Crash Risk based on panel data and multivariate linear regression, the results showed that the fulfillment of corporate social responsibility and risk falling stock prices, there is not a significant relationship.