Rea Press null Rea Press3009-44613009-4461 Rea Press https://doi.org/10.22105/tqfb.v2i4.73 Research Article Environmental disclosure, Financial performance, Corporate governance, Companies listed on the tehran stock exchange and over-the-counter market Examining the Impact of Environmental Disclosure on Financial Performance: The Moderating Role of Corporate GovernanceExamining the Impact of Environmental Disclosure on Financial Performance: The Moderating Role of Corporate Governance Hajiali Maryam Department of Accounting, Electronic Branch, Islamic Azad University, Tehran, Iran. Sheikhi Gorjan Mina Department of Accounting, Yadegar-e-Imam Branch, Islamic Azad University, Rey, Iran. Shahvali Zadeh Adel Department of Accounting, Ardabil Branch, Islamic Azad University, Ardabil, Iran. 10 2025 02 10 2025 2 3 © 2025 Rea Press 2025

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 Examining the Impact of Environmental Disclosure on Financial Performance: The Moderating Role of Corporate Governance

Assessing corporate performance plays a critical role in economic decision-making. The relationship between Environmental Disclosure (ED) and firm performance is a significant topic in accounting research. Firm performance is influenced by multiple factors, among which ED can have a substantial impact. Financial performance is consistently considered a key indicator for evaluating a company’s condition, and various factors can affect it. This study aims to examine the relationship among ED, financial performance, and Corporate Governance (CG) in 112 companies listed on the Tehran Stock Exchange (TSE) and Over-the-Counter market (OTC) between 2016 and 2023. A regression correlation method was employed to test the hypotheses. The results indicate that all proposed hypotheses are supported. Specifically, overall ED has a significant impact on firm performance, and CG positively and significantly moderates the relationship between ED and firm performance.

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