کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1005799 | 938080 | 2014 | 28 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Corporate social responsibility disclosure and the cost of equity capital: The roles of stakeholder orientation and financial transparency
ترجمه فارسی عنوان
افشای مسئولیت اجتماعی شرکت و هزینه سرمایه سرمایه: نقش اهداف ذینفعان و شفافیت مالی
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
چکیده انگلیسی
We examine the benefits associated with corporate social responsibility (CSR) disclosure in an international setting covering 31 countries. Using variables such as the legal status of labor protection, CSR disclosure requirements, and public awareness of and attitudes toward CSR issues, we divide countries into more and less stakeholder-oriented groups. We find a negative association between CSR disclosure and the cost of equity capital; this relationship is more pronounced in stakeholder-oriented countries. We also find evidence that financial and CSR disclosures act as substitutes for each other in reducing the cost of equity capital. This study furthers our understanding of CSR disclosure and its consequences.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Public Policy - Volume 33, Issue 4, July–August 2014, Pages 328–355
Journal: Journal of Accounting and Public Policy - Volume 33, Issue 4, July–August 2014, Pages 328–355
نویسندگان
Dan Dhaliwal, Oliver Zhen Li, Albert Tsang, Yong George Yang,