Determining the Moderating Role of CEO Tenure and Educational Attainment in the Impact of Corporate Sustainability on Business Performance

Abstract

Enhancing business performance has long been regarded as the primary objective of corporations. Alongside attention to factors such as production capacity and the expansion of markets for products and services, organizations must also address ancillary responsibilities and undertake reforms in managerial systems and practices. Accordingly, the present study was conducted to examine the moderating role of Chief Executive Officer (CEO) tenure and educational attainment in the relationship between Corporate Sustainability (CS) and business performance among companies listed on the Tehran Stock Exchange. To this end, data collected from 122 companies over a seven-year period spanning 2018 to 2024 were analyzed using multivariate linear regression techniques. The study employed a systematic elimination sampling method and is categorized as an applied retrospective study. The findings indicate a positive and statistically significant effect of CS on business performance. However, the results do not support the moderating role of CEO tenure and educational attainment in the relationship between CS and business performance.