会计
保守主义
可靠性
业务
企业社会责任
人事变更率
自愿披露
财务
经济
公共关系
政治学
政治
管理
法学
作者
Seong-Yeon Cho,Pyung Kyung Kang,Cheol Lee,Cheong Park
出处
期刊:Accounting Horizons
[American Accounting Association]
日期:2020-03-11
卷期号:34 (2): 63-82
被引量:23
标识
DOI:10.2308/horizons-17-093
摘要
SYNOPSIS This paper examines whether a firm's degree of conservatism in financial reporting is associated with its voluntary nonfinancial corporate social responsibility (CSR) disclosures and the stock price reaction to such disclosures. Theoretical and empirical studies find that the amount of voluntary disclosures and their credibility vary depending on the degree of financial reporting conservatism. We expand this line of questioning and find that firms that adopt conservative financial reporting are less likely to disclose CSR information. Further analyses show that the market reaction to a firm's CSR disclosure is reduced when its financial reporting is more conservative. Our evidence suggests that the quantity and quality of CSR disclosures are associated with the degree of accounting conservatism. Therefore, stakeholders should consider a firm's financial reporting policies when interpreting CSR disclosures. JEL Classifications: M40; M41. Data Availability: The data used in this study were taken from public sources identified in the paper.
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