Is Corporate Social Responsibility Performance Related to Conditional Accounting Conservatism?
Is Corporate Social Responsibility Performance Related to Conditional Accounting Conservatism?
复制标题
企业社会责任表现与条件会计稳健性相关吗？
DOI：
10.2139/ssrn.3533409
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发表时间：
2020
期刊：
影响因子：
--
通讯作者：
Gerald J. Lobo
中科院分区：
文献类型：
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作者：
Qing L. Burke;Po;Gerald J. Lobo
我们考察了企业社会责任绩效与有条件会计稳健性之间的关系。基于企业社会责任活动的利益相关者参与和信息增强的观点，我们假设，对于表现较好的企业而言，对条件保守主义的需求较低，条件保守主义的需求主要源于各缔约方对管理层机会主义和/或信息不对称的担忧。使用KLD数据库中的企业社会责任评级，我们发现，正如预测的那样，企业社会责任绩效与条件保守性之间存在负相关关系。这些发现对于使用差异差异研究设计和条件保守主义的替代措施是稳健的。此外，横截面分析表明，信息不对称程度越高、公司治理越强的公司，这种负关联越明显。总体而言，这项研究增强了我们对企业社会责任参与与财务报告的一个重要属性之间的关系的理解。
We examine the relation between corporate social responsibility (CSR) performance and conditional accounting conservatism. Drawing upon the stakeholder-engaging and information-enhancing perspectives of CSR activities, we hypothesize that the demand for conditional conservatism, which primarily arises from various contracting parties' concern about managerial opportunism and/or information asymmetry, is lower for better-performing CSR firms. Using the CSR ratings from the KLD database, we find, as predicted, a negative relation between CSR performance and conditional conservatism. These findings are robust to using a difference-in-differences research design and alternative measures of conditional conservatism. Further, cross-sectional analyses reveal that the negative association is more pronounced for firms with greater information asymmetry and stronger corporate governance. Overall, this study enhances our understanding of how a firm's CSR engagement may relate to an important attribute of financial reporting.