Corporate Social Responsibility and Management Forecast Accuracy
Dongyoung Lee ()
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Dongyoung Lee: McGill University
Journal of Business Ethics, 2017, vol. 140, issue 2, No 10, 353-367
Abstract:
Abstract 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.
Keywords: Corporate social responsibility; Disclosure regulation; Financial disclosure; Management forecast accuracy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (27)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jbuset:v:140:y:2017:i:2:d:10.1007_s10551-015-2713-2
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DOI: 10.1007/s10551-015-2713-2
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