Financial Reports and Social Capital

Jha, Anand

doi:10.1007/s10551-017-3495-5

Cited by 145 publications

(121 citation statements)

References 80 publications

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“…Hence, we consider the evidence on social trust and financial reporting quality in Berglund and Kang (2013) and Jha and Chen (2015) to be indirect. Jha (2013) studies the effect of social capital on financial reporting quality directly. This author uses several measures to proxy for financial reporting quality, mainly focusing on both accruals and real-activity earnings management.…”

Section: Introductionmentioning

confidence: 99%

“…We find that social trust can mitigate not only accounting misconduct but also other unethical behaviors that harm stakeholders. Further, we examine how media coverage moderates the relation between social trust and corporate misconduct, which is not investigated in Jha (2013). Finally, Berglund and Kang (2013), Jha and Chen (2015), and Jha (2013) all cover firms in the U.S., where social capital level is relatively high.…”

Section: Introductionmentioning

confidence: 99%

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Social Trust and Corporate Misconduct: Evidence from China

et al. 2016

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We study whether greater social trust is associated with a lower incidence of corporate misconduct. Both social norm and network theory suggest that social trust can affect managerial behavior and reduce the likelihood of misconduct behavior. Consistent with this prediction, we find that social trust is negatively associated with corporate misconduct behavior. Moreover, we show that, when media coverage is higher, the negative relation between social trust and corporate misconduct behavior is more pronounced. Further analyses suggest that social trust can help mitigate both disclosurerelated and nondisclosure-related misconduct.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Social Trust and Corporate Misconduct: Evidence from China

et al. 2016

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“…The existing evidence also indicates that high social capital may enhance firm performance (Fukuyama 1995), improve leadership (Maak 2007), and disclosure quality (Jha 2013). Jha (2013) documents that firms headquartered in high social capital areas are associated with higherquality financial reports, whereas Jha and Chen (2015) document that high social capital lowers risk and results in lower audit fees.…”

Section: Social Capitalmentioning

confidence: 99%

“…Jha (2013) documents that firms headquartered in high social capital areas are associated with higherquality financial reports, whereas Jha and Chen (2015) document that high social capital lowers risk and results in lower audit fees.…”

Section: Social Capitalmentioning

confidence: 99%

“…For example, Putnam et al (1994) document that Italian local governments in high social capital areas are associated with higher performance and Fukuyama's (1995) findings show higher economic development in high social capital areas. Jha (2013) provides evidence that social capital can also influence the decision-making process in the corporate environment and that high social capital is associated with better reporting quality.…”

Section: Social Capital and Municipal Bondsmentioning

confidence: 99%

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Social Capital and the Municipal Bond Market

Tang

Jaggi

2016

J Bus Ethics

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We examine the influence of social capital in the municipal bond market. Defined as the norms and networks that encourage cooperation, social capital is a social construct which captures a region's level of altruism, trustworthiness, and propensity to honor obligations. We expect that municipalities with high social capital are more trustworthy and likely to honor their debt obligations, which will result in lower bond yields. Our findings confirm that the bonds issued by municipalities located in high social capital counties exhibit lower yields compared to the municipalities located in low social capital counties. Our findings are also supported by bond prices in the secondary market, which shows that bonds from the municipalities located in high social capital regions have higher prices. Additional tests reveal that the influence of social capital is stronger for general obligation bonds, suggesting that social capital matters more for bonds where the willingness of municipalities to pay taxes is an important factor. Lastly, we document that the bonds of municipalities in high social capital areas are less likely to have insurance, suggesting that social capital may act as a substitute for bond insurance.

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Can local social norms motivate green innovation: Evidence from China

Qin

2023

Manage Decis Econ

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Our research suggests that the attention of local residents to environmental issues can influence green innovation by local firms. We examine the level of local attention to environmental issues (hereafter, local attention) and the number of green patents held by firms headquartered in these locations and find a positive correlation between local attention and the level of green innovation. We also find that this relationship is strengthened by local government subsidies. We provide evidence of the regulatory effect of local attention on chemical releases by local firms and demonstrate that local attention can be an effective estimator of local social norms.

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Financial Reports and Social Capital

Cited by 145 publications

References 80 publications

Social Trust and Corporate Misconduct: Evidence from China

Social Trust and Corporate Misconduct: Evidence from China

Social Capital and the Municipal Bond Market

Can local social norms motivate green innovation: Evidence from China

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