The Effect of Corporate Social Responsibility Performance on Financial Distress over the Life Cycle Using the Directional Distance Function

Rising inflation in recent years has caused financial distress and many problems for companies. Most of these are affected by life cycle stages. One way out is to increase corporate social responsibility (CSR) performance. Therefore, our aim this study investigate the effect CSR performance on over company a period 10 years. Data collection was done through website Tehran Stock Exchange related software sample 112 companies during 2009 2019. The mathematical method (directional distance function) used evaluate performance, models Berger et al., Almida, Campello, Altman measure distress. research hypotheses tested using panel data fixed effects multivariate regression statistical method. results show that alone does not affect combination growth maturity phases significant negative together reduce recession phase positive fall phase, it. Given compete more than other cycle, they also pay attention CSR. according results, it can be concluded together,