dc.contributor.author |
Cahan, Steven F.
|
|
dc.contributor.author |
De Villiers, Charl Johannes
|
|
dc.contributor.author |
Jeter, Debra C.
|
|
dc.contributor.author |
Naiker, Vic
|
|
dc.contributor.author |
Van Staden, Chris J.
|
|
dc.date.accessioned |
2017-03-03T05:07:16Z |
|
dc.date.issued |
2016-03 |
|
dc.description.abstract |
Using proprietary data that rate corporate social responsibility (CSR) disclosures of firms in
21 countries, this study examines how the strength of nation-level institutions affects the
extent of CSR disclosures. We then examine the valuation implications of CSR disclosures
and consider how the relation between CSR disclosures and firm value varies across
countries. In contrast to prior studies, we separate CSR disclosures into an expected and
unexpected portion where the unexpected portion is a proxy for the incremental
information contained in CSR disclosures. We observe a positive relation between
unexpected CSR disclosure and firm value measured by Tobin's Q. We also find that, while
countries with strong nation-level institutions promote more CSR disclosures, the valuation
of a unit increase in unexpected CSR disclosures is higher when nation-level institutions are
weak. |
en_ZA |
dc.description.department |
Accounting |
en_ZA |
dc.description.embargo |
2017-09-30 |
|
dc.description.librarian |
hb2017 |
en_ZA |
dc.description.uri |
http://www.tandfonline.com/loi/rear20 |
en_ZA |
dc.identifier.citation |
Steven F. Cahan, Charl De Villiers, Debra C. Jeter, Vic Naiker & Chris J.
Van Staden (2016) Are CSR Disclosures Value Relevant? Cross-Country Evidence, European Accounting Review, 25:3, 579-611, DOI: 10.1080/09638180.2015.1064009. |
en_ZA |
dc.identifier.issn |
0963-8180 (print) |
|
dc.identifier.issn |
1468-4497 (online) |
|
dc.identifier.other |
10.1080/09638180.2015.1064009 |
|
dc.identifier.uri |
http://hdl.handle.net/2263/59246 |
|
dc.language.iso |
en |
en_ZA |
dc.publisher |
Routledge |
en_ZA |
dc.rights |
© 2015 European Accounting Association. This is an electronic version of an article published in European Accounting Review, vol. 25, no. 3, pp. 579-611, 2016. doi : 10.1080/09638180.2015.1064009. European Accounting Review is available online at : http://www.tandfonline.com/loi/rear20. |
en_ZA |
dc.subject |
CSR disclosures |
en_ZA |
dc.subject |
Cross-country evidence |
en_ZA |
dc.subject |
Valuation implications |
en_ZA |
dc.subject |
Corporate social responsibility (CSR) |
en_ZA |
dc.subject.other |
SDG-08: Decent work and economic growth |
|
dc.subject.other |
Economic and management sciences articles SDG-08 |
|
dc.subject.other |
SDG-16: Peace, justice and strong institutions |
|
dc.subject.other |
Economic and management sciences articles SDG-16 |
|
dc.title |
Are CSR disclosures value relevant? Cross-country evidence |
en_ZA |
dc.type |
Postprint Article |
en_ZA |