上海管理科学2017，Vol.39Issue(2)：23-27,5.
企业社会责任信息披露与分析师盈利预测准确性
Study on the Correlation between Corporate Social Responsibility Disclosure and Analyst Forecast Accuracy
贾元琪 1郑立群1
作者信息
- 1. 天津大学管理与经济学部,天津 300072
- 折叠
摘要
Abstract
This paper tries to examine the relationship between the quality of corporate social responsibility (CSR) and analyst forecast accuracy using the issuance of stand-alone corporate social responsibility (CSR) reports. We find that the quality of stand-alone CSR reports is associated with higher analyst forecast accuracy. According to the ownership nature of corporate ultimate controller, we divide the samples into two groups and reexamine them respectively. We find that the relationship is also stronger in private firms where CSR performance is more likely to affect firm financial performance. These conclusions have some enlightenment for us to understand of the usefulness of CSR information in the capital markets, for the enterprises to improve CSR information disclosure policy, and for market regulators to improve regulation on CSR disclosure.关键词
企业社会责任/盈利预测/企业性质Key words
CSR disclosure/analyst forecast/ownership分类
管理科学引用本文复制引用
贾元琪,郑立群..企业社会责任信息披露与分析师盈利预测准确性[J].上海管理科学,2017,39(2):23-27,5.
