Corporate Social Responsibility and Management Forecast Accuracy
Author:听Lee, D.
Publication:听Journal of Business Ethics
Abstract:听
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鈥�2009, after the introduction of disclosure regulations intended to mitigate managers鈥� 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.
Read full article: , June 9, 2015.
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