Investigating the relationship between corporate social responsibility and earnings management: Evidence from Spain

Gras‐Gil, Ester; Manzano, Mercedes Palacios; Fernández, Joaquín Hernández

doi:10.1016/j.brq.2016.02.002

Cited by 188 publications

(226 citation statements)

References 98 publications

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“…Algumas encontraram evidências de uma relação negativa entre a RSC e a relevância das informações contábeis, tais como as de Hong et al (2012), Giuli e Kostovetsky (2014), Grougiou et al (2014) e Gras-Gil et al (2016). Os resultados de Giuli e Kostovetsky (2014) revelaram que os aumentos de RSC das empresas estavam associados a retornos de ações negativos, o que sugere que quaisquer benefícios de RSC destinados às partes interessadas vêm à custa direta do valor da empresa.…”

Section: Formulação Da Hipótese De Pesquisa: Qualidade Da Informação unclassified

“…Assim, a RSC seria uma ferramenta de legitimação preventiva, implantada pelos gerentes para desviar a atenção das práticas contábeis questionáveis, ou para sinalizar as qualidades não observadas que podem ajudar os gestores na construção de um perfil superior às demais empresas (Grougiou et al, 2014), mas não necessariamente apresenta impactos no retorno das ações, pois pode ser utilizada pelos gestores que estão envolvidos em comportamentos oportunistas, refletindo, na diminuição dos retornos aos acionistas no mercado acionário (Gras-Gil et al, 2016).…”

Section: Formulação Da Hipótese De Pesquisa: Qualidade Da Informação unclassified

“…Já os achados de Hong et al (2012), Giuli e Kostovetsky (2014), Grougiou et al (2014) e Gras-Gil et al (2016), diferem-se dos encontrados na presente pesquisa, visto que obtiveram uma relação negativa entre a RSC e a relevância das informações.…”

Section: Análise Da Relação Entre a Rsc E A Relevância Das Informaçõeunclassified

“…Diante do contexto supracitado, diversos estudos foram desenvolvidos relacionando a RSC com métricas de qualidade da informação contábil (gerenciamento de resultados e relevância das informações contábeis), tais como Heltzer (2011), Kim et al (2012), Pyo e Lee (2013), Scholtens e Kang (2013), Grougiou et al (2014), Giuli e Kostovetsky (2014), Gras-Gil et al (2016) Nossa et al (2009), Beisland e Hamberg (2013, Middleton (2015), Plumlee et al (2015), Martins et al (2015) e Cahan et al (2016) -relevância das informações contábeis.…”

Section: Introductionunclassified

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The relevance of accounting information and the corporate social responsibility of Brazilian companies

Degenhart

Mazzuco

Klann

2017

BASE

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Este é um artigo de acesso aberto, licenciado por Creative Commons Atribuição 4.0 Internacional (CC BY 4.0), sendo permitidas reprodução, adaptação e distribuição desde que o autor e a fonte originais sejam creditados. RESUMOEsta pesquisa teve por objetivo analisar a relação entre a Responsabilidade Social Corporativa (RSC) e a relevância das informações contábeis de empresas brasileiras. Para tanto, realizou-se uma pesquisa descritiva, documental e com abordagem quantitativa por meio da utilização de regressão de dados em painel. O período de análise compreendeu os anos de 2011 a 2015. A amostra do estudo constituiu-se de 294 empresas, dividida em 53 empresas que divulgaram Balanço Social (IBASE), 26 empresas listadas no Índice de Sustentabilidade Empresarial (ISE) e 215 empresas que não se enquadram nos quesitos do IBASE e ISE. Os resultados do estudo revelaram que a RSC mostrou-se relacionada de forma positiva com a relevância das informações contábeis. Assim, conclui-se que informações de natureza socioambiental são percebidas pelos investidores como relevantes em seu processo de tomada de decisão, de compra ou venda de participações societárias. Deste modo, nota-se a importância das empresas investirem em RSC e posteriormente divulgá-la nos relatórios, o que pode melhorar a qualidade da informação contábil e reduzir o custo de capital das empresas, além de beneficiar a sociedade e o meio ambiente com práticas mais éticas e responsáveis.Palavras-chave: relevância das informações contábeis, responsabilidade social corporativa, qualidade da informação contábil, empresas brasileiras. ABSTRACTThis study aimed to analyze the relationship between Corporate Social Responsibility (CSR) and the relevance of the accounting information of Brazilian companies. In order to do that, a descriptive, documentary and quantitative approach was carried out through the use of panel data regression. The study took place from 2011 to 2015 and consisted of 294 companies, divided into 53 companies that disclosed Social Balance Sheet (IBASE), 26 companies listed in the Corporate Sustainability Index (ISE) and 215 companies that do not fit the IBASE and ISE requirements. The results of the study revealed that CSR was positively related to the relevance of the accounting information. Thus, it is concluded that information of a socio-environmental nature is perceived by investors as relevant in their decision-making, buying or selling corporate holdings.

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Section: Formulação Da Hipótese De Pesquisa: Qualidade Da Informação unclassified

Section: Análise Da Relação Entre a Rsc E A Relevância Das Informaçõeunclassified

Section: Introductionunclassified

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The relevance of accounting information and the corporate social responsibility of Brazilian companies

Degenhart

Mazzuco

Klann

2017

BASE

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“…One of problems being addressed in the agency theory is different risk toleration by a principal and an agent. The construction company (compared to the investors) may be less sensitive to a project failure, because the financial losses are not direct-they depend on contract clauses, the impact on reputation of the company [26], and so on. As for the investor-he loses the invested money directly as the project fails and stops.…”

Section: Introductionmentioning

confidence: 99%

An Algorithm for Modelling the Impact of the Judicial Conflict-Resolution Process on Construction Investment

Bugajev

Šostak

2018

Sustainability

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Abstract:In this article, the modelling of the judicial conflict-resolution process is considered from a construction investor's point of view. Such modelling is important for improving the risk management for construction investors and supporting sustainable city development by supporting the development of rules regulating the construction process. Thus, this raises the problem of evaluation of different decisions and selection of the optimal one followed by distribution extraction. First, the example of such a process is analysed and schematically represented. Then, it is formalised as a graph, which is described in the form of a decision graph with cycles. We use some natural problem properties and provide the algorithm to convert this graph into a tree. Then, we propose the algorithm to evaluate profits for different scenarios with estimation of time, which is done by integration of an average daily costs function. Afterwards, the optimisation problem is solved and the optimal investor strategy is obtained-this allows one to extract the construction project profit distribution, which can be used for further analysis by standard risk (and other important information)-evaluation techniques. The overall algorithm complexity is analysed, the computational experiment is performed and conclusions are formulated.

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Management for Sustainable Development and Its Impact on Firm Value in the SME Context: Does Size Matter?

López-Pérez¹,

Melero

Sesé

2017

Bus Strat Env

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With the increasing demands from society towards sustainable and social responsible business practices, management for sustainable development has become a cornerstone to understand the success of many firms in the current competitive context. This article investigates corporate social responsibility (CSR) and examines the links between CSR practices and business outcomes – both financial and non‐financial (i.e. image and corporate reputation) – for small‐to‐medium sized enterprises (SMEs). In addition, we also attempt to determine whether the impact of such relationships is moderated by firm size.To this end, we carry out a quantitative study using PLS techniques to analyze a sample of SME owners and managers, with a view to test the proposed model in the light of social capital theory. In this sense, our study is pioneering in that it aims to determine – from a quantitative viewpoint – the degree to which firm size has a moderating impact on a series of relevant CSR‐driven outcomes. The data suggest that, in SME contexts, CSR impacts corporate reputation, brand image and financial value of the company. Importantly, we find that the larger the firm, the greater the intensity of the relationships linking CSR and business outcomes. Hence, our findings have important implications for CSR implementation in SME contexts. Finally, we provide a series of guidelines aimed at maximizing the effectiveness of CSR‐based business practices. Copyright © 2017 John Wiley & Sons, Ltd and ERP Environment

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Investigating the relationship between corporate social responsibility and earnings management: Evidence from Spain

Cited by 188 publications

References 98 publications

The relevance of accounting information and the corporate social responsibility of Brazilian companies

The relevance of accounting information and the corporate social responsibility of Brazilian companies

An Algorithm for Modelling the Impact of the Judicial Conflict-Resolution Process on Construction Investment

Management for Sustainable Development and Its Impact on Firm Value in the SME Context: Does Size Matter?

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