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 | : 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 | : Arthur Cecil Pigou |
Publisher | : |
Total Pages | : 1024 |
Release | : 1920 |
Genre | : Economics |
ISBN | : |
Download The Economics of Welfare Book in PDF, ePub and Kindle
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 | : Pucelj, Maja |
Publisher | : IGI Global |
Total Pages | : 387 |
Release | : 2024-04-09 |
Genre | : Business & Economics |
ISBN | : |
Download Corporate Governance and CSR Strategies for Sustainability Book in PDF, ePub and Kindle
The fundamental link between human rights and sustainability still needs to be more adequately understood in a world grappling with a complex social environment that needs to be challenged. This knowledge gap has far-reaching repercussions, leading to unsustainable practices, social inequality, and environmental degradation. Addressing this pressing issue requires a comprehensive understanding of how human rights principles can underpin sustainable development and socially responsible behavior. Corporate Governance and CSR Strategies for Sustainability offers a transformative solution by providing a deep and interdisciplinary exploration of the nexus between human rights, sustainability, and social responsibility. Drawing from diverse fields such as law, social sciences, economics, and environmental studies, it illuminates the foundational role of human rights in shaping sustainable and socially responsible societies. By dissecting topics like the rights of marginalized groups, business impacts on human rights, and policy frameworks for sustainability, it provides a roadmap for scholars, policymakers, and practitioners seeking to navigate these complex issues.
Author | : Hanlon, Robert J. |
Publisher | : Edward Elgar Publishing |
Total Pages | : 225 |
Release | : 2022-10-14 |
Genre | : Political Science |
ISBN | : 1788971949 |
Download Human Security and the Politics of Corporate Social Responsibility in China Book in PDF, ePub and Kindle
Exploring themes associated with corruption, sustainable development, and human rights and security, Robert J. Hanlon considers the political dynamics of corporate social responsibility (CSR) within the context of the ‘Asian Century’ and its place in an increasingly multipolar world.
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 | : William A. Barnett |
Publisher | : Emerald Group Publishing |
Total Pages | : 139 |
Release | : 2022-10-03 |
Genre | : Business & Economics |
ISBN | : 1801179220 |
Download Quantitative Analysis of Social and Financial Market Development Book in PDF, ePub and Kindle
Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research exploring the latest social and financial developments across Asia.
Author | : Jan Bebbington |
Publisher | : Routledge |
Total Pages | : 544 |
Release | : 2021-03-30 |
Genre | : Business & Economics |
ISBN | : 0429620950 |
Download Routledge Handbook of Environmental Accounting Book in PDF, ePub and Kindle
This handbook showcases the broad spectrum of diverse approaches to environmental accounting which have developed during the last 30 years across the globe. The volume covers a range of physical issues such as water, carbon and biodiversity, as well as specific accounting matters such as management control, finance and audit. Moreover, seven chapters present environmental accounting issues that arise in the regions of Africa, Asia, Europe, MENA, North America, the Pacific and South America. The handbook also highlights future challenges in all the topic areas addressed as well as introducing new topics, such as links between environmental accounting and the circular economy, and the issues associated with animal rights. Edited by leading scholars in the area and with key contributions from across the discipline, and covering a diverse range of perspectives and locations, the volume is divided into five key parts: • Part 1: Framing the issues • Part 2: Financial accounting and reporting • Part 3: Management accounting • Part 4: Global and local perspectives • Part 5: Thematic topics in environmental accounting This handbook will act as a significant publication in drawing together the history of the field and important reference points in its future development, and will serve as a vital resource for students and scholars of environmental accounting and environmental economics.