| Summary: | 碩士 === 國立臺北大學 === 金融與合作經營學系 === 105 === Corporate Social Responsibility (CSR) has gradually been attracted the attention of the public. Company cares more about the interests of various different stakeholders and it becomes a big issue for the all society.
Literatures found that CSR has many benefits to the company, Doing good while Do well. Better financial performance and financial quality is better too. But the evidences more focus on the quality rather than the timing of earning announcement. It is good to examine the timeliness of the earnings announcement of companies that are good at corporate social responsibility.
This study uses US companies, using the KLD database to measure corporate social responsibility. The delay and early declaration model to examine the effect of CSR on the timing of company's earnings announcement.
The empirical results show that:
(1) CSR-minded Companies are more honest, with better earning announcement on time, but will still be influenced by other factor
(2) Bagnoli et al. (2002) found "A Day Late, A Penny Short". CSR-minded Companies have a slight in this finding.
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