Corporate Social Responsibility and Management Forecast Accuracy

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• 作者：Dongyoung Lee
• 关键词：Corporate social responsibility ; Disclosure regulation ; Financial disclosure ; Management forecast accuracy
• 刊名：Journal of Business Ethics
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：140
• 期：2
• 页码：353-367
• 全文大小：
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Ethics; Business and Management, general; Management; Business Ethics; Quality of Life Research;
• 出版者：Springer Netherlands
• ISSN：1573-0697
• 卷排序：140

文摘

This study examines the association between corporate social responsibility (CSR) and management forecast accuracy. Using data from 1995 to 2009, we find that firms provide more accurate earnings forecasts in the face of CSR activities. We also find that the positive association between CSR and management forecast accuracy is only present for the post-regulation period of 2001–2009, after the introduction of disclosure regulations intended to mitigate managers’ opportunistic behavior. These findings are consistent with the notion that managers strive to improve the quality of financial disclosure following superior CSR performance in the recent period.