Journal of Management and Business Solutions 3092-7226 3 Serial Number 15 2025 09 01 Developing a Comprehensive Model of Determinants of Corporate Performance Sustainability on the Tehran Stock Exchange: A Meta-Analytic Approach Developing a Comprehensive Model of Determinants of Corporate Performance Sustainability on the Tehran Stock Exchange: A Meta-Analytic Approach 1 13 EN Journal Article 2025 05 10 <p>This study aims to develop an integrated and empirically validated model of the determinants of corporate performance sustainability among firms listed on the Tehran Stock Exchange. This research employed a descriptive-analytical design combining a meta-analytic review of global and regional sustainability studies with a quantitative econometric framework using panel data from 120 firms listed on the Tehran Stock Exchange between 2015 and 2024. Sustainability performance was operationalized through a composite index reflecting economic, social, and environmental dimensions. Independent variables included structural characteristics, market indicators, governance and managerial attributes, and macroeconomic conditions. Data were extracted from audited financial statements, sustainability disclosures, and national and international macroeconomic sources. Fixed-effects, random-effects, and instrumental variable (2SLS) regressions were estimated to identify causal relationships, supported by diagnostic tests for endogeneity, heteroskedasticity, and multicollinearity. Structural equation modeling (SEM) using SmartPLS validated the measurement and structural constructs. Results revealed that firm size, age, ownership concentration, board independence, managerial experience, innovation capacity, CSR expenditure, market competition, and GDP growth significantly enhanced sustainability performance. Inflation and unemployment demonstrated negative but variably significant effects, while financial leverage and CEO duality were not significant predictors. Political stability and regulatory quality exhibited consistently strong positive effects across models. The 2SLS results confirmed the robustness of major relationships, indicating no substantial endogeneity bias. SEM analysis supported the reliability and validity of all constructs and confirmed the structural pathways identified in the regression models. Corporate sustainability performance on the Tehran Stock Exchange is shaped by a multidimensional interplay of organizational characteristics, governance quality, innovation capacity, market dynamics, and institutional conditions, underscoring the need for integrated policy frameworks and strategic investments supporting sustainable development.</p> https://journalmbs.com/index.php/jmbs/article/download/96/87