The Effect Of Mandatory Csr Disclosure On Firm Profitability And Social Externalities PDF Download
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Author | : Yi-Chun Chen |
Publisher | : |
Total Pages | : 55 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download The Effect of Mandatory CSR Disclosure on Firm Profitability and Social Externalities Book in PDF, ePub and Kindle
We examine how mandatory disclosure of corporate social responsibility (CSR) impacts firm performance and social externalities. Our analysis exploits China's 2008 mandate requiring firms to disclose CSR activities, using a difference-in-differences design. Although the mandate does not require firms to spend on CSR, we find that mandatory CSR reporting firms experience a decrease in profitability subsequent to the mandate. In addition, the cities most impacted by the disclosure mandate experience a decrease in their industrial wastewater and SO2 emission levels. These findings suggest that mandatory CSR disclosure alters firm behavior and generates positive externalities at the expense of shareholders.
Author | : Mingyi Hung |
Publisher | : |
Total Pages | : 39 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download The Effect of Mandatory CSR Disclosure on Information Asymmetry Book in PDF, ePub and Kindle
Using a quasi-natural experiment that mandates a subset of listed firms to issue corporate social responsibility (CSR) reports, this paper examines the effect of mandatory CSR disclosure on market information asymmetry in China, where we estimate information asymmetry using high frequency trade and quote data. We find that contrary to the criticism that mandatory CSR disclosure lacks credibility and relevance in emerging markets, mandatory CSR reporting firms experience a decrease in information asymmetry subsequent to the mandate. We also find that consistent with the assertion that CSR disclosure is informative about firms' political and social prospects, the decrease in information asymmetry is more pronounced for firms with lower government ownership, weaker political connections, and smaller corporate donation. In addition, we find that analyst following increases subsequent to the mandatory CSR reporting and firms with less analyst coverage experience a greater decrease in information asymmetry subsequent to the CSR mandate.
Author | : Isabel-María García-Sánchez |
Publisher | : Cambridge Scholars Publishing |
Total Pages | : 252 |
Release | : 2019-01-08 |
Genre | : Business & Economics |
ISBN | : 1527524434 |
Download The Disclosure and Assurance of Corporate Social Responsibility Book in PDF, ePub and Kindle
The essays collected here specifically examine the new trends of sustainability performance and reporting. They provide theoretical argumentation and evidence about sustainability performance, and determinants of its voluntary disclosure and external assurance. The book will interest companies, managers, shareholders, stakeholders and public bodies directly related to sustainability performance, the voluntary disclosure of sustainability information, and the adoption of an external assurance process.
Author | : Arthur Cecil Pigou |
Publisher | : |
Total Pages | : 1024 |
Release | : 1920 |
Genre | : Economics |
ISBN | : |
Download The Economics of Welfare Book in PDF, ePub and Kindle
Author | : Kose John |
Publisher | : Emerald Group Publishing |
Total Pages | : 210 |
Release | : 2011-03-31 |
Genre | : Business & Economics |
ISBN | : 0857249150 |
Download International Corporate Governance Book in PDF, ePub and Kindle
Presents research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. This title examines many important corporate governance mechanisms, such as board characteristics, ownership structure, legal protection of shareholders, and annual general meetings.
Author | : Jody Grewal |
Publisher | : |
Total Pages | : 66 |
Release | : 2020-09-02 |
Genre | : |
ISBN | : 9781680837186 |
Download Research on Corporate Sustainability Book in PDF, ePub and Kindle
This monograph provides an overview of key papers in the corporate sustainability literature and directions for future research. It is structured on three key themes: measuring, managing and communicating corporate sustainability performance.
Author | : Gregory Jackson |
Publisher | : |
Total Pages | : 40 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download Regulating Self-Regulation? The Politics and Effects of Mandatory CSR Disclosure in Comparison Book in PDF, ePub and Kindle
The literature on new forms of governance suggests important trade-offs regarding the role of government in relation to corporate social responsibility (CSR) activities. Theories associate state regulation with clear minimum standards and high compliance, but also suggest advantages of self-regulatory approaches that allow greater flexibility and support best-practices. Given these potential trade-offs, France, Denmark, and the UK were pioneers of a hybrid approach: mandatory non-financial disclosure (NFD). This article shows that despite the different motivations for mandatory NFD in these countries, the disclosure requirements are “soft” and flexible - acknowledging demands from business “that one size regulation doesn't fit all.” The article further examines the effects of these regulations on CSR activities in 24 OECD countries using the Asset4 ESG database. Our analysis shows that firms in countries with mandatory non-financial disclosure adopt significantly more CSR activities. However, our analysis also highlights that mandatory disclosure decreases the variance between firm activities, contrary to arguments about flexibility. Furthermore, it does not lead to a decline in corporate irresponsibility. These results have implications for our understanding of regulatory trade-offs and how to promote more effective forms of CSR.
Author | : Abagail McWilliams |
Publisher | : Edward Elgar Publishing |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Social responsibility of business |
ISBN | : 9781783471430 |
Download Economics of Corporate Social Responsibility Book in PDF, ePub and Kindle
In recent years, increasing numbers of articles and studies have emerged across the disciplines of economics, accounting, finance and management to examine the importance of considering both the private and social economic benefits of Corporate Social Responsibility (CSR). As stakeholders and their concerns have multiplied, and empirical evidence has accumulated, CSR has become a critical area of interest. This authoritative collection examines the five related and most significant elements of this subject - theoretical perspectives, firm financial performance, socially responsible investing, environmental performance and strategic CSR - to provide a comprehensive exploration of the literature on Corporate Social Responsibility and its economic consequences.
Author | : Monteiro, Albertina |
Publisher | : IGI Global |
Total Pages | : 329 |
Release | : 2023-10-16 |
Genre | : Business & Economics |
ISBN | : 1668490781 |
Download Enhancing Sustainability Through Non-Financial Reporting Book in PDF, ePub and Kindle
The lack of transparency and accountability in organizations has made it difficult to identify, measure, and disclose their sustainable practices and impacts, creating a challenge for global sustainability efforts. Furthermore, there is a lack of consensus on the determinants and impacts of non-financial information reporting. In response to these challenges, Enhancing Sustainability Through Non-Financial Reporting, a book edited by Albertina Monteiro, Ana Pinto Borges, and Elvira Vieira, offers a comprehensive analysis of the relationship between sustainability practices and reporting, and the accounting, finance, and management fields. This book provides a platform for both academics and practitioners to share their empirical and theoretical research on the contributions of organizations to sustainable development, the determinants and impacts of non-financial information reporting, the role of sustainability reporting standards, and the challenges faced by accounting, finance, management, and auditing. It is an essential resource for anyone seeking to enhance sustainability through non-financial reporting and is relevant to a wide range of audiences, including academics, practitioners, and other interested individuals and groups.
Author | : Ralph Tench |
Publisher | : Emerald Group Publishing |
Total Pages | : 342 |
Release | : 2012-11-29 |
Genre | : Business & Economics |
ISBN | : 1780529996 |
Download Corporate Social Irresponsibility Book in PDF, ePub and Kindle
Corporate social responsibility (CSR) has become an increasingly heated topic since the 1980s. This title proposes that the concept of Corporate Social Irresponsibility (CSI) offers a better theoretical platform to avoid the vagueness, ambiguity, arbitrariness and mysticism of CSR.