Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment
This study examines the impact of mandatory Corporate Social Responsibility (CSR) reporting on firms' financial reporting quality using a quasi-natural experiment in China that mandates a subset of firms to report their CSR activities starting in 2008. We find that mandatory CSR disclosure firm...
Gespeichert in:
| Veröffentlicht in: | Journal of business ethics 2018-09, Vol.152 (1), p.253-274 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 274 |
|---|---|
| container_issue | 1 |
| container_start_page | 253 |
| container_title | Journal of business ethics |
| container_volume | 152 |
| creator | Wang, Xue Cao, Feng Ye, Kangtao |
| description | This study examines the impact of mandatory Corporate Social Responsibility (CSR) reporting on firms' financial reporting quality using a quasi-natural experiment in China that mandates a subset of firms to report their CSR activities starting in 2008. We find that mandatory CSR disclosure firms constrain earnings management after the policy. The result is robust to a battery of sensitivity tests and more prominent for firms with lower analyst coverage. Further analyses reveal that upward earnings management by mandatory disclosure firms is more likely to be caught after the policy. The findings suggest that mandatory CSR disclosure mitigates information asymmetry by improving financial reporting quality. |
| doi_str_mv | 10.1007/s10551-016-3296-2 |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_journals_2103460513</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>45022738</jstor_id><sourcerecordid>45022738</sourcerecordid><originalsourceid>FETCH-LOGICAL-c370t-d22006657bd223cdb08662687ccf9378c3173341c1fc9d0203f25a7326f1c5703</originalsourceid><addsrcrecordid>eNp9kMtOAyEUhonRxHp5ABcmJG50gR5ggNadaeol8RJva0IZxtBUGGFq7NoXl2a87GQDOef7ziE_QnsUjimAOskUhKAEqCScjSRha2hAheIE5Eito0FpKFKJqtpEWznPoBxBqwH6vDGhNl1MSzyOqY3JdA4_RuvNHD-43MaQ_dTPfbfEh-PHh6NSLFDnwwsuIj73wYRv-Kd-vzAr_hRP3n3tgnW4SfEVm1Uje3JrukUqwuSjdcm_utDtoI3GzLPb_b630fP55Gl8Sa7vLq7GZ9fEcgUdqRkDkFKoaXlxW09hKCWTQ2VtM-JqaDlVnFfU0saOamDAGyaM4kw21AoFfBsd9HPbFN8WLnd6FhcplJWaUeCVLJHwQtGesinmnFyj2_JNk5aagl5lrfusdYlUr7LWrDisd3Jhw4tLf5P_k_Z7aZZL_r9bKgGMKT7kX9SpiwM</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2103460513</pqid></control><display><type>article</type><title>Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment</title><source>PAIS Index</source><source>SpringerLink Journals</source><source>Business Source Complete</source><source>Jstor Complete Legacy</source><source>Education Source</source><creator>Wang, Xue ; Cao, Feng ; Ye, Kangtao</creator><creatorcontrib>Wang, Xue ; Cao, Feng ; Ye, Kangtao</creatorcontrib><description>This study examines the impact of mandatory Corporate Social Responsibility (CSR) reporting on firms' financial reporting quality using a quasi-natural experiment in China that mandates a subset of firms to report their CSR activities starting in 2008. We find that mandatory CSR disclosure firms constrain earnings management after the policy. The result is robust to a battery of sensitivity tests and more prominent for firms with lower analyst coverage. Further analyses reveal that upward earnings management by mandatory disclosure firms is more likely to be caught after the policy. The findings suggest that mandatory CSR disclosure mitigates information asymmetry by improving financial reporting quality.</description><identifier>ISSN: 0167-4544</identifier><identifier>EISSN: 1573-0697</identifier><identifier>DOI: 10.1007/s10551-016-3296-2</identifier><language>eng</language><publisher>Dordrecht: Springer</publisher><subject>Asymmetric information ; Business and Management ; Business Ethics ; Companies ; Corporate responsibility ; Disclosure ; Earnings ; Education ; Ethics ; Financial reporting ; Income ; Management ; Philosophy ; Quality of Life Research ; Social responsibility ; Studies</subject><ispartof>Journal of business ethics, 2018-09, Vol.152 (1), p.253-274</ispartof><rights>Springer Nature B.V. 2018</rights><rights>Springer Science+Business Media Dordrecht 2016</rights><rights>Journal of Business Ethics is a copyright of Springer, (2016). All Rights Reserved.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c370t-d22006657bd223cdb08662687ccf9378c3173341c1fc9d0203f25a7326f1c5703</citedby><cites>FETCH-LOGICAL-c370t-d22006657bd223cdb08662687ccf9378c3173341c1fc9d0203f25a7326f1c5703</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/45022738$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/45022738$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,777,781,800,27847,27905,27906,41469,42538,51300,57998,58231</link.rule.ids></links><search><creatorcontrib>Wang, Xue</creatorcontrib><creatorcontrib>Cao, Feng</creatorcontrib><creatorcontrib>Ye, Kangtao</creatorcontrib><title>Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment</title><title>Journal of business ethics</title><addtitle>J Bus Ethics</addtitle><description>This study examines the impact of mandatory Corporate Social Responsibility (CSR) reporting on firms' financial reporting quality using a quasi-natural experiment in China that mandates a subset of firms to report their CSR activities starting in 2008. We find that mandatory CSR disclosure firms constrain earnings management after the policy. The result is robust to a battery of sensitivity tests and more prominent for firms with lower analyst coverage. Further analyses reveal that upward earnings management by mandatory disclosure firms is more likely to be caught after the policy. The findings suggest that mandatory CSR disclosure mitigates information asymmetry by improving financial reporting quality.</description><subject>Asymmetric information</subject><subject>Business and Management</subject><subject>Business Ethics</subject><subject>Companies</subject><subject>Corporate responsibility</subject><subject>Disclosure</subject><subject>Earnings</subject><subject>Education</subject><subject>Ethics</subject><subject>Financial reporting</subject><subject>Income</subject><subject>Management</subject><subject>Philosophy</subject><subject>Quality of Life Research</subject><subject>Social responsibility</subject><subject>Studies</subject><issn>0167-4544</issn><issn>1573-0697</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AVQMV</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>K50</sourceid><sourceid>M1D</sourceid><sourceid>M2O</sourceid><recordid>eNp9kMtOAyEUhonRxHp5ABcmJG50gR5ggNadaeol8RJva0IZxtBUGGFq7NoXl2a87GQDOef7ziE_QnsUjimAOskUhKAEqCScjSRha2hAheIE5Eito0FpKFKJqtpEWznPoBxBqwH6vDGhNl1MSzyOqY3JdA4_RuvNHD-43MaQ_dTPfbfEh-PHh6NSLFDnwwsuIj73wYRv-Kd-vzAr_hRP3n3tgnW4SfEVm1Uje3JrukUqwuSjdcm_utDtoI3GzLPb_b630fP55Gl8Sa7vLq7GZ9fEcgUdqRkDkFKoaXlxW09hKCWTQ2VtM-JqaDlVnFfU0saOamDAGyaM4kw21AoFfBsd9HPbFN8WLnd6FhcplJWaUeCVLJHwQtGesinmnFyj2_JNk5aagl5lrfusdYlUr7LWrDisd3Jhw4tLf5P_k_Z7aZZL_r9bKgGMKT7kX9SpiwM</recordid><startdate>20180901</startdate><enddate>20180901</enddate><creator>Wang, Xue</creator><creator>Cao, Feng</creator><creator>Ye, Kangtao</creator><general>Springer</general><general>Springer Netherlands</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0-V</scope><scope>3V.</scope><scope>7TQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>88G</scope><scope>88J</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>AABKS</scope><scope>ABSDQ</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AVQMV</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DHY</scope><scope>DON</scope><scope>DPSOV</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K50</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>KC-</scope><scope>L.-</scope><scope>M0C</scope><scope>M0T</scope><scope>M1D</scope><scope>M2L</scope><scope>M2M</scope><scope>M2O</scope><scope>M2R</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PSYQQ</scope><scope>Q9U</scope><scope>S0X</scope></search><sort><creationdate>20180901</creationdate><title>Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment</title><author>Wang, Xue ; Cao, Feng ; Ye, Kangtao</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c370t-d22006657bd223cdb08662687ccf9378c3173341c1fc9d0203f25a7326f1c5703</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Asymmetric information</topic><topic>Business and Management</topic><topic>Business Ethics</topic><topic>Companies</topic><topic>Corporate responsibility</topic><topic>Disclosure</topic><topic>Earnings</topic><topic>Education</topic><topic>Ethics</topic><topic>Financial reporting</topic><topic>Income</topic><topic>Management</topic><topic>Philosophy</topic><topic>Quality of Life Research</topic><topic>Social responsibility</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wang, Xue</creatorcontrib><creatorcontrib>Cao, Feng</creatorcontrib><creatorcontrib>Ye, Kangtao</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Social Sciences Premium Collection</collection><collection>ProQuest Central (Corporate)</collection><collection>PAIS Index</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Healthcare Administration Database (Alumni)</collection><collection>Psychology Database (Alumni)</collection><collection>Social Science Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>Philosophy Collection</collection><collection>Philosophy Database</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Social Science Premium Collection</collection><collection>Arts Premium Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>Politics Collection</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>Art, Design & Architecture Collection</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>DELNET Management Collection</collection><collection>ProQuest Politics Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Healthcare Administration Database</collection><collection>Arts & Humanities Database</collection><collection>Political Science Database</collection><collection>ProQuest Psychology</collection><collection>Research Library</collection><collection>Social Science Database</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest One Psychology</collection><collection>ProQuest Central Basic</collection><collection>SIRS Editorial</collection><jtitle>Journal of business ethics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Xue</au><au>Cao, Feng</au><au>Ye, Kangtao</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment</atitle><jtitle>Journal of business ethics</jtitle><stitle>J Bus Ethics</stitle><date>2018-09-01</date><risdate>2018</risdate><volume>152</volume><issue>1</issue><spage>253</spage><epage>274</epage><pages>253-274</pages><issn>0167-4544</issn><eissn>1573-0697</eissn><abstract>This study examines the impact of mandatory Corporate Social Responsibility (CSR) reporting on firms' financial reporting quality using a quasi-natural experiment in China that mandates a subset of firms to report their CSR activities starting in 2008. We find that mandatory CSR disclosure firms constrain earnings management after the policy. The result is robust to a battery of sensitivity tests and more prominent for firms with lower analyst coverage. Further analyses reveal that upward earnings management by mandatory disclosure firms is more likely to be caught after the policy. The findings suggest that mandatory CSR disclosure mitigates information asymmetry by improving financial reporting quality.</abstract><cop>Dordrecht</cop><pub>Springer</pub><doi>10.1007/s10551-016-3296-2</doi><tpages>22</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0167-4544 |
| ispartof | Journal of business ethics, 2018-09, Vol.152 (1), p.253-274 |
| issn | 0167-4544 1573-0697 |
| language | eng |
| recordid | cdi_proquest_journals_2103460513 |
| source | PAIS Index; SpringerLink Journals; Business Source Complete; Jstor Complete Legacy; Education Source |
| subjects | Asymmetric information Business and Management Business Ethics Companies Corporate responsibility Disclosure Earnings Education Ethics Financial reporting Income Management Philosophy Quality of Life Research Social responsibility Studies |
| title | Mandatory Corporate Social Responsibility (CSR) Reporting and Financial Reporting Quality: Evidence from a Quasi-Natural Experiment |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-19T10%3A44%3A04IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Mandatory%20Corporate%20Social%20Responsibility%20(CSR)%20Reporting%20and%20Financial%20Reporting%20Quality:%20Evidence%20from%20a%20Quasi-Natural%20Experiment&rft.jtitle=Journal%20of%20business%20ethics&rft.au=Wang,%20Xue&rft.date=2018-09-01&rft.volume=152&rft.issue=1&rft.spage=253&rft.epage=274&rft.pages=253-274&rft.issn=0167-4544&rft.eissn=1573-0697&rft_id=info:doi/10.1007/s10551-016-3296-2&rft_dat=%3Cjstor_proqu%3E45022738%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2103460513&rft_id=info:pmid/&rft_jstor_id=45022738&rfr_iscdi=true |