The Relationship between Corporate Social Responsibility and Information Asymmetry – The Mediating Effects of Credit Risk

• Main Authors: Jun-Yi Li, 李俊毅
• Other Authors: Mei-Chu Huang
• Format: Others
• Language: zh-TW
• Published: 2017
• Online Access: http://ndltd.ncl.edu.tw/handle/rfqpdr

碩士 === 中原大學 === 會計研究所 === 105 === This study explores the relationship between Corporate Social Responsibility (CSR) and information asymmetry in the China market, and whether credit risk as the mediator between corporate social responsibility and information asymmetry. Using Rankings CSR Ratings (RKS) Social Responsibility Report Rating Database to measure the CSR of China''s Shanghai A-share listed companies from 2010 to 2015. The results show that when companies engage in CSR and disclose CSR information, it will reduce the information asymmetry with external stakeholders. However, after controlling for credit risk, there is no significant reduction in the impact of CSR on information asymmetry, thereby shows that this study did not find credit risk serve as the mediator between corporate social responsibility and information asymmetry.