International Journal of Ethics and Society

en The Role of Voluntary Ethically-Based Corporate Social Responsibility Reporting in Strengthening the Process of Management Learning from the Market تخصصي Special Original Article <div style="text-align: justify;">Introduction: Corporate Social Responsibility (CSR) refers to the set of duties and obligations that a company must fulfill to preserve, support, and contribute to the community in which it operates. In this regard, CSR reporting describes a company’s commitments to maintaining its social and environmental dimensions. This study aims to examine the effect of ethically-based voluntary CSR reporting on the process of managerial learning from the market among firms listed on the Tehran Stock Exchange. Material and Methods: This research is applied in nature and employs a descriptive–correlational approach. The statistical population comprises all companies listed on the Tehran Stock Exchange during the years 2010–2023. After applying screening criteria, 138 firms were selected as the sample. The data were extracted from the firms’ financial statements and board of directors’ reports and analyzed using multivariate regression models while controlling for year and industry effects. Results: The results indicate that voluntary CSR reporting grounded in ethical principles facilitates managerial learning from the market through enhancing information transparency and strengthening market trust, thereby improving investment decision-making. Furthermore, market feedback - measured by Tobin’s Q - has a positive and significant effect on firms’ future investments, signifying the market’s active role in managerial learning. Conclusion: This study is among the first empirical investigations to examine the impact of ethically-based voluntary CSR reporting on managerial learning from the market within Iran’s capital market. By providing evidence on the role of voluntary disclosure in improving managerial decision-making efficiency, the findings fill a critical gap in the domestic literature on this subject.</div> Ethics, Voluntary Corporate Social Responsibility Reporting, Managerial Learning from the Market, Voluntary Disclosure, Investment Sensitivity 0 0 http://ijethics.com/browse.php?a_code=A-10-412-1&slc_lang=en&sid=1 Qays Mohammed Hussein q.hussein@urmia.ac.ir 10031947532846003840 0009-0003-7317-6891 No Ph.D. student of Accounting, Faculty of Economics and Management, Urmia University, Urmia, Iran Mehdi Heydari m.heydari@urmia.ac.ir 10031947532846003841 10031947532846003841 Yes Faculty of Economics and Management, Urmia University, Urmia, Iran Ali Ashtab a.ashtab@urmia.ac.ir 10031947532846003842 10031947532846003842 No Faculty of Economics and Management, Urmia University, Urmia, Iran