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The effect of corporate social responsibility practices on real earnings management: evidence from a European ESG data
International Journal of Disclosure and Governance Pub Date : 2021-06-20 , DOI: 10.1057/s41310-021-00125-1
Yamina Chouaibi , Ghazi Zouari

The new trend in the ranking of companies, not only in financial terms but also according to their commitment to ethics and corporate social responsibility (CSR), is explained by the importance of responsible investment and responsible governance criteria in the decision making of the shareholders and other investors. These new business evaluation criteria have attracted the attention of several stakeholders, such as investors, financial analysts, researchers, and also specialized media, that require quality information based on this social and ethical approach. The aim of this article is to examine the link between corporate social responsibility practices and the level of real earnings management (REM) of a sample firms belonging ESG index from five European countries. The variables related to the ethical behavior of companies have a statistically significant and negative relationship with the level of real earnings management. Indeed, the more important the socially responsible and ethical practices are, the less the company engages in an aggressive REM strategy. Thus, the integration of new dimensions in the explanation and determination of the REM is under-explored. The explanation of the quality of the results by ethical or social variables makes it possible to overcome the criticisms addressed to the contractual approaches of companies.



中文翻译:

企业社会责任实践对实际盈余管理的影响:来自欧洲 ESG 数据的证据

公司排名的新趋势,不仅体现在财务方面,还体现在其对道德和企业社会责任 (CSR) 的承诺方面,原因在于负责任投资和负责任治理标准在股东决策中的重要性以及其他投资者。这些新的业务评估标准引起了一些利益相关者的注意,例如投资者、金融分析师、研究人员以及专业媒体,他们需要基于这种社会和道德方法的高质量信息。本文的目的是研究企业社会责任实践与来自五个欧洲国家的 ESG 指数样本公司的实际盈余管理 (REM) 水平之间的联系。与企业道德行为相关的变量与实际盈余管理水平存在显着的负相关关系。事实上,社会责任和道德实践越重要,公司就越不参与积极的 REM 战略。因此,新维度在 REM 的解释和确定中的整合尚未得到充分探索。通过道德或社会变量对结果质量的解释可以克服对公司合同方法的批评。新维度在 REM 的解释和确定中的整合正在探索中。通过道德或社会变量对结果质量的解释可以克服对公司合同方法的批评。新维度在 REM 的解释和确定中的整合正在探索中。通过道德或社会变量对结果质量的解释可以克服对公司合同方法的批评。

更新日期:2021-06-20
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