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

Thuy, Cao Thi Mien; Khương, Nguyễn Vĩnh; Canh, Nguyen Thi; Liêm, Nguyễn Thanh

doi:10.3390/su131810077

Cited by 26 publications

(25 citation statements)

References 46 publications

(80 reference statements)

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“…The quality of a financial statement refers to its honest, unbiased, and equitable measurement. As per the results of a past study, clear presentation and completeness of financial statement enhance its quality (Thuy, Khuong, Canh, & Liem, 2021). Hence, equity, honesty, completeness, and clear presentation of financial work done by an account manager have a significant meaning to the quality of a financial statement.…”

Section: Account Management and Quality Of Financial Statementmentioning

confidence: 80%

Account management, innovative management, and audit quality affect the accounting performance of small and medium enterprises in Thailand

Rojanapanich

Sooksomchitra

Wimonchailerk

et al. 2022

ijhs

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Most of the Small Medium Enterprises in Thailand don’t have sufficient accounting performance. Several elements have a significant effect on the accounting performance of small-medium enterprises. However, according to this study account management, innovative management and audit quality play a key role in the accounting performance of SMEs. There is a direct relationship between account management, innovative management, audit quality, quality of financial statement, and accounting performance. 340 account managers were surveyed aiming to collect primary data for this study. These 340 account managers were working with various SMEs in Thailand which was the respondents of this study. Primary data received from the respondents were analyzed by using Partial Least Square which is a statistical software. Hence, PLS helped to obtain the final results of this study. It was concluded that by increasing the value of account management, innovative management, and audit quality, the value of accounting performance also increases. Practically this study help account manager especially those working in SMEs of Thailand to enhance their accounting performance.

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Section: Account Management and Quality Of Financial Statementmentioning

confidence: 80%

Account management, innovative management, and audit quality affect the accounting performance of small and medium enterprises in Thailand

Rojanapanich

Sooksomchitra

Wimonchailerk

et al. 2022

ijhs

View full text Add to dashboard Cite

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“…If the disturbance term of regression has heteroscedasticity or autocorrelation, then the GMM method is more effective than the 2SLS method. Therefore, referring to Thuy et al [74], this study conducts GMM regression to overcome the heteroscedasticity and autocorrelation existing in panel data. In the GMM regression, the same instrumental variables as the 2SLS method are adopted.…”

Section: Generalized Methods Of Moment (Gmm)mentioning

confidence: 99%

Does Corporate Social Responsibility Impact on Corporate Risk-Taking? Evidence from Emerging Economy

Liu

Fu³

et al. 2022

Sustainability

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This study analyzes the impact of corporate social responsibility (CSR) fulfillment on corporate risk-taking to assist stakeholders in identifying the “double-edged sword” role of CSR activities and provide empirical evidence for enterprises to properly carry out CSR activities. The results show that the self-interest instrumentalization of CSR activities intensifies agency conflict, and CSR fulfillment weakens risk-taking to a certain extent. When CSR fulfillment reaches a certain value, CSR activities can improve risk-taking. Then, CSR fulfillment and risk-taking show a U-shaped relationship. Further analysis shows that the impacts of CSR on debt financing and R&D input reflect the U-shaped effect pathways of CSR fulfillment on risk-taking. Finally, it is suggested that CSR activities should be avoided to become the “self-interest tool” of the management. The regulators guide enterprises to break through the inflection point of the U-shaped effect and consider more for the stakeholders’ overall interests. Additionally, the regulators establish an effective compensation system to ensure that the enterprises with adequate CSR fulfillment obtain high-quality capital resources and promote the sustainable development of the capital market.

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“…Firms' age is used as a control variable. Older companies are in a better position to earn higher profits (Thuy et al, 2021). Table 1 below presents the variables and their definitions.…”

Section: Measurement Of Variablesmentioning

confidence: 99%

Corporate Sustainability Performance Evaluation and Firm Financial Performance: Evidence from Pakistan

Alam

Tariq

2023

SAGE Open

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The study purports to search the corporate sustainability practices of the companies in Pakistan. This study is novel research in the context as it tries to capture corporate sustainability practices in a market where these practices involve a high divergence among the companies amidst a voluntary disclosure requirement. Total sustainability efforts by the companies in Pakistan have been assembled over an index based on Global Reporting Initiative (GRI) reporting guidelines and some context-specific indicators. Corporate sustainability has been calculated by applying the quality of disclosure (CSQI) along with the level of disclosure (CSLI). The average CSLI disclosure is 47% and CSQI disclosure is 27%. The quality of disclosure is lower as the companies do not disclose too much data in quantitative or statistical form. The disclosure is also described as inconsistent among the companies. The study finds a relationship between corporate sustainability scores and corporate financial performance by applying a step-by-step approach likely to lead to a generalized method of moments (GMM) estimation for controlling the endogenous nature of such a relationship. Regression results have confirmed that there exists a positive relationship between corporate sustainability and accounting and market-based financial performance. The stakeholder theory seems to have roots in the context. The study has some policy implications and will guide the regulation of sustainability at the corporate level in Pakistan.

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

Cited by 26 publications

References 46 publications

Account management, innovative management, and audit quality affect the accounting performance of small and medium enterprises in Thailand

Account management, innovative management, and audit quality affect the accounting performance of small and medium enterprises in Thailand

Does Corporate Social Responsibility Impact on Corporate Risk-Taking? Evidence from Emerging Economy

Corporate Sustainability Performance Evaluation and Firm Financial Performance: Evidence from Pakistan

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