Board Characteristics、Corporate Social Responsibility and Financial Reporting Quality - the 100 Best Corporate Citizens

• Main Authors: Tsang-Fu Hsiao, 蕭倉輔
• Other Authors: Hsiang-tsai Chiang
• Format: Others
• Language: zh-TW
• Published: 2013
• Online Access: http://ndltd.ncl.edu.tw/handle/04873982954886700422

碩士 === 逢甲大學 === 會計學系 === 101 === Since the Asian financial crisis, the agency theory’s perspectives have gradually being challenged. Without doubt, the emergence of stewardship theory makes up for the deficiencies and weaknesses of agency theory in explaining the manager&;#39;s behavior. Under stewardship theory’s perspective, The development of corporate social responsibility (CSR) will affected by manager’s self-realization and moral standards, therefore, whether it will also affect the manager mentality and willingness to Earnings Management, and thus change the financial reported quality. In this study, we use 300 companies which CSR performance expressed outstanding in the 2009-2011 to be treatment group and matched pairs sample as the control group to test the correlation between corporate social responsibility and financial reporting quality. In all sample firms, the empirical results show that corporate social responsibility could effectively reduce the level of earnings management and provide a higher quality of financial reporting. Separating sample firms from CSR performance, the results show that CSR play the role of mediator which reducing the direct relationship between board characteristics and financial reporting quality. According to the results of this study, we suggest that investors may be to view businesses’ performance in corporate social responsibility to determine the transparency of the financial report.