Corporate social responsibility and financial statement comparability: Evidence from China

Wang, Fangjun; Zhang, Zhichao; Xu, Luying

doi:10.1002/csr.1890

Cited by 31 publications

(29 citation statements)

References 110 publications

(197 reference statements)

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“…The coefficient of the CSR variable is positive and statistically significant (0.006, p < 0.01), suggesting that the improvement in the CSR disclosure level increases accounting comparability in their accounting. This result is similar to the previous study [32]. Therefore, our hypothesis H2 is supported.…”

Section: Resultssupporting

confidence: 92%

“…Therefore, these enterprises are willing to comply with accounting standards, aiming to improve comparability in accounting. In line with these arguments [32], we establish the testable hypothesis H2 as follows: Hypothesis (H2). CSR disclosure is positively correlated with financial statement comparability.…”

Section: Csr Disclosure and Financial Statement Comparabilitymentioning

confidence: 79%

“…Socially responsible companies are less prone to adjust and re-disclose their financial statements [31]. A direct link between CSR disclosure and the comparability of financial statements is established: firms publishing CSR reports are motivated to establish and maintain a good reputation and limit actions that damage the reputation [32]. Therefore, these enterprises are willing to comply with accounting standards, aiming to improve comparability in accounting.…”

Section: Csr Disclosure and Financial Statement Comparabilitymentioning

confidence: 99%

“…To examine the association between CSR disclosure and financial statement comparability (hypothesis H2), the following regression model was built based on the previous research [32]:…”

Section: Research Modelmentioning

confidence: 99%

“…• FP is the dependent variable representing the financial performance of the enterprise, measured by the ratio between earnings before tax and total assets (ROA); • CSR represents CSR disclosure, measured by an index reflecting the level of social responsibility information disclosure. We used the content analysis method and the GRI Standards (2016) to build the CSR variable; • FSC_1 and FSC_2 are measures of financial statement comparability, in accordance with previous research [33]; • X is a vector including control variables in consistence with previous studies to control for possible effects of firm characteristics on financial performance [2,12,32]. Specifically, LEV, SIZE, TANG, FOR, GROW, and AGE are variables that represent financial leverage, firm size, tangible assets, foreign ownership, revenue growth, and listing age, respectively.…”

Section: Research Modelmentioning

confidence: 99%

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Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability

et al. 2021

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The aim of this study is to investigate the relationship between corporate social responsibility (CSR) disclosure and financial performance with the consideration of the mediating role of financial statement comparability (FSC) for a sample of Vietnamese listed firms. We used content analysis of the information related to the GRI Standards on annual reports in order to construct CSR disclosure score. We used a dataset of 1125 firm-year observations, covering 225 firms listed on Vietnam’s stock market in the period 2014–2018. Applying OLS and GMM estimation methods, Sobel test, and using different proxies of the mediator variable to increase the robustness, we obtained two remarkable conclusions. First, CSR disclosure has a positive impact on the financial performance of listed companies in Vietnam. Second, there is a complementary mediation effect of financial statement comparability in the above relationship. Our results suggest that it is necessary to develop a legal framework for the practice and disclosure of CSR as well as to apply the international accounting standards in the Vietnamese stock market.

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Section: Resultssupporting

confidence: 92%

Section: Csr Disclosure and Financial Statement Comparabilitymentioning

confidence: 79%

Section: Csr Disclosure and Financial Statement Comparabilitymentioning

confidence: 99%

“…To examine the association between CSR disclosure and financial statement comparability (hypothesis H2), the following regression model was built based on the previous research [32]:…”

Section: Research Modelmentioning

confidence: 99%

Section: Research Modelmentioning

confidence: 99%

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Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability

et al. 2021

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Sustainability regulation and global corporate citizenship: A lesson (already) learned?

Carini

Rocca

Veneziani

et al. 2020

Corp Soc Responsibility Env

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The European Directive 2014/95, in force in 2017, requires non-financial information to all public interest entities with more than 500 employees. However, multinational companies as 'global corporate citizen' have already started to communicate sustainability disclosure, before the accounting regulation imperative. The paper studies the sustainability disclosure behaviour of a global multinational Company, Eni, an Italian Integrated Oil & Gas Listed Company. The aim is to examine the relationship between the 'self-regulation' disclosure before the law and the forces within the company that drove that decision and the ex-post disclosure after the regulation imperative. The analysis is conducted over the 2018-2011 period and considers all the annual reports (i.e., financial report and social, environmental or sustainability reports). The results state that 'self-regulation' is guided by strategic legitimacy based on factors as corporate strategy, corporate identity and stakeholders' pressure while the accounting regulation represents a tool to summarize non-financial data.

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The impact of corporate social responsibility on innovation in small and medium‐sized enterprises: The mediating role of debt terms and human capital

Jaén

Guijarro

García‐Pérez‐de‐Lema

2021

Corp Soc Responsibility Env

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The aim of this paper is to study the influence of corporate social responsibility (CSR) over small and medium-sized enterprise (SME) innovation and the effect of two mediating variables, debt terms and human capital. Based on a sample of 2825 Spanish SMEs and applying a structural equations modeling, the results demonstrate that the effect of CSR on innovation is mediated by debt terms and by good human resource practices. Part of the positive effect of CSR on innovation occurs through these two variables, which, alone, positively and significantly affect innovation in SMEs. Consequently, the positive effect of CSR practices on debt terms through a decrease in asymmetric information goes further, also having repercussions on innovation. Additionally, the suitable development of human resource practices based on strategies oriented toward CSR allow companies to carry out greater and more efficient innovative activities. This paper contributes to the CSR literature considering the human resource management and the debt access in the relationship between CSR and innovation. The findings reveal important implications for policy makers and managers. For the former, the results show that it would be interesting to carry out actions aimed at assisting SMEs, especially those with fewer resources available, to implement a suitable CSR strategy, supporting sustainable development in SMEs.And, for the latter, CSR-oriented innovation has proven to be a valuable strategy for more efficient SMEs management because of the multiple competitive advantages it generates.

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Corporate social responsibility and financial statement comparability: Evidence from China

Cited by 31 publications

References 110 publications

Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability

Corporate Social Responsibility Disclosure and Financial Performance: The Mediating Role of Financial Statement Comparability

Sustainability regulation and global corporate citizenship: A lesson (already) learned?

The impact of corporate social responsibility on innovation in small and medium‐sized enterprises: The mediating role of debt terms and human capital

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