Audited Financial Reporting and Voluntary Disclosure of Corporate Social Responsibility (CSR) Reports

摘要: Prior studies show that corporate social responsibility (CSR) reporting is informative to investors but lacks credibility. This study examines whether a commitment audits of financial outcomes, proxied by audit fees, associated with greater CSR We find fees are positively the likelihood standalone report issuance, and this positive association becomes stronger when managers perceive need for credibility, i.e., reports longer or issued external assurance, firms have strong concerns, sporadically. Corroborating our results, we committing high accelerate incorporation future earnings information into current stock price. Taken together, findings suggest higher quality has potential bring externality firms’ non-financial disclosures ultimately affects issuance reports.