Paper Infomation
Empirical Research on the Impact of Corporate Social Responsibility on Earnings Management
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Author: Zhiwan Yu
Abstract: Earnings management (EM) has become a hot researching topic in the field of accounting in recent years. EM is the performance which lacks of the sense of social responsibility. This paper discussed the impact of corporate social responsibility (CSR) on EM from the perspective of accounting. This paper took 5,107 listed companies which disclosed CSR reports in Shanghai and Shenzhen stock markets as the research object. Based on the panel data from 2009 to 2017, this paper respectively carried on studies on the impact of CSR on accrued EM and real EM. The results show that listed companies with higher CSR awareness have less accrued EM and real EM, and higher CSR score has stronger weakening effect on positive accrued EM and productive manipulation. In addition, the better the external institutional environment is, enterprises with better CSR performance are more likely to adopt real EM to implement their manipulative behavior.
Keywords: Accrued Earnings Management, Real Earnings Management, Corporate Social Responsibility, External Institutional Environment
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