1 |
Kim, Y., Park, M. S., & Wier, B. (2012). Is earnings quality associated with corporate social responsibility? The Accounting Review, 87(3), 761-796. https://doi.org/10.2308/accr.10209
DOI
|
2 |
Machmuddah, Z., Sari, D. W., & Utomo, S. D. (2020). Corporate social responsibility, profitability, and firm value: Evidence from Indonesia. Journal of Asian Finance, Economics, and Business, 7(9), 631-638. http://dx.doi.org/10.13106/jafeb.2020.vol7.no9.631
DOI
|
3 |
Wang, Z., & Sarkis, J. (2017). Corporate Social Responsibility Governance, Outcomes, and Financial Performance. Journal of Cleaner Production, 162, 1607-1616. https://doi.org/10.1016/j.jclepro.2017.06.142
DOI
|
4 |
Watts, R. L., & Zimmerman, J. L. (1978). Towards a positive of the determination of accounting standards. Accounting Review, 53(1), 112-134.
|
5 |
Yoon, B., & Lee, J. (2019). Corporate social responsibility and information asymmetry in the Korean market: Implications of Chaebol affiliates. Journal of Asian Finance, Economics, and Business, 6(1), 21-31. https://doi.org/10.13106/jafeb.2019.vol6.no1.21
DOI
|
6 |
Zahra, S. A., Priem, R. L., & Rasheed, A. A. (2005). The antecedents and consequences of top management fraud. Journal of Management, 31(6), 803-828. https://doi.org/10.1177/0149206305279598
DOI
|
7 |
Muttakin, M. B., & Subramaniam, N. (2015). Firm ownership and board characteristics: do they matter for corporate social responsibility disclosure of Indian companies? Sustainability Accounting, Management and Policy Journal, 6(2), 138-165. https://doi.org/10.1108/SAMPJ-10-2013-0042
DOI
|
8 |
Daske, H., & Gebhardt, G. (2006). International financial reporting standards and experts' perceptions of disclosure quality. ABACUS A Journal of Accounting, Finance, and Business Studies, 42(3-4), 461-498. https://doi.org/10.1111/j.1467-6281.2006.00211.x
DOI
|
9 |
Davidson, W. N., Jiraporn, P., Kim, Y. S., & Nemec, C. (2004). Earnings management following duality creating successions: Ethnostatistics, impression management, and agency theory. Academy of Management Journal, 47(2), 267-275. https://doi.org/10.5465/20159577
DOI
|
10 |
D'Amato, A., & Falivena, C. (2019). Corporate social responsibility and firm value: Do firm size and age matter? Empirical evidence from European listed companies. Corporate Social Responsibility and Environmental Management, 27(2), 909-924. https://doi.org/10.1002/csr.1855
DOI
|
11 |
Nguyen, S., Pham, C., Nguyen, A., & Dinh, H. (2020). Impact of corporate social responsibility disclosures on bankruptcy risk of Vietnamese firms. Journal of Asian Finance, Economics, and Business, 7(5), 81-90. https://doi.org/10.13106/jafeb.2020.vol7.no5.081
DOI
|
12 |
Barth, M. E., Landsman, W. R., & Lang, M. H. (2008). International accounting standards and accounting quality. Journal of Accounting Research, 46(3), 467-498. https://doi.org/10.1111/j.1475-679X.2008.00287.x
DOI
|
13 |
Alazzani, A., Wan-Hussin, W., Jones, M. & Al-hadi, A. (2021). ESG reporting and analysts' recommendations in GCC: The moderation role of royal family directors. Journal of Risk and Financial Management, 14(2), 1-21. https://doi.org/10.3390/jrfm14020072
DOI
|
14 |
Arellano, M., & Bond, S. (1991). Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, 58(2), 277-297. https://doi.org/10.2307/2297968
DOI
|
15 |
Arouri, M., & Pijourlet, G. (2017). CSR performance and the value of cash holdings: International evidence. Journal of Business Ethics, 140(2), 263-284. https://doi.org/10.1007/s10551-015-2658-5
DOI
|
16 |
Belgacem, I. (2015). Does corporate social disclosure affect earnings quality? Empirical evidence from Tunisia. International Journal of Advanced Research, 3(2), 112-136. http://www.journalijar.com/article/3572/does-corporate-social-disclosureaffect-earnings-quality--empirical-evidence-from-tunisia/
|
17 |
Freeman, R. (1984). Strategic management: A stakeholder's approach. Boston, MA: Pitman. https://doi.org/10.1017/CBO9781139192675
|
18 |
Dorfleitner, G., Halbritter, G., & Nguyen, M. (2015). Measuring the level and risk of corporate responsibility: An empirical comparison of different ESG rating approaches. Journal of Asset Management, 16, 450-466. https://doi.org/10.1057/jam.2015.31
DOI
|
19 |
Eccles, R. G., Serafeim, G., & Krzus, M. P. (2011). Market interest in nonfinancial information. Journal of Applied Corporate Finance, 23(4), 113-127. https://doi.org/10.1111/j.1745-6622.2011.00357.x
DOI
|
20 |
Fatemi, A., Glaum, M., & Kaiser, S. (2017). ESG performance and firm value: The moderating role of disclosure. Global Finance Journal, 38, 45-64. https://doi.org/10.1016/j.gfj.2017.03.001
DOI
|
21 |
Fritzsche, D. (1991). A model of decision-making incorporating ethical values. Journal of Business Ethics, 10(11), 841-852. https://doi.org/10.1007/BF00383700
DOI
|
22 |
Garfatta, R., & Zorgati, I. (2021). Employee stock ownership and value creation: evidence from system GMM estimates. Managerial Finance, ahead-of-print, ahead-of-print. https://doi.org/10.1108/MF-10-2020-0517
|
23 |
Goss, A., & Roberts, G. S. (2011). The impact of corporate social responsibility on the cost of bank loans. Journal of Banking and Finance, 35(7), 1794-1810. https://doi.org/10.1016/j.jbankfin.2010.12.002
DOI
|
24 |
Schipper, K. (1989). Commentary on earnings management. Accounting Horizons, 3(4), 91-102. https://doi.org/10.12691/ai-3-4-91
DOI
|
25 |
Prior, D., Surroca, J., & Tribo, J. A. (2008). Are socially responsible managers ethical? Exploring the relationship between earnings management and corporate social responsibility. Corporate Governance: An International Review, 16(3), 160-177. https://doi.org/10.1111/j.1467-8683.2008.00678.x
DOI
|
26 |
Ramsay, I., & Blair, M. (1993). Ownership concentration, institutional investment, and corporate governance: An empirical investigation of 100 Australian companies. Melbourne University Law Review, 19, 153-194. https://doi.org/10.3316/agispt.19934204
|
27 |
Semadeni, M., Withers, M. C., & Certo, T. S. (2014). The perils of endogeneity and instrumental variables in strategy research: Understanding through simulations. Strategic Management Journal, 35(7), 1070-1079. https://doi.org/10.1002/smj.2136
DOI
|
28 |
Summers, S. L., & Sweeney, J. T. (1998). Fraudulently misstated financial statements and insider trading: An empirical analysis. Accounting Review, 73(1), 131-145. https://www.jstor.org/stable/248345
|
29 |
DeFond, M., & Jiambalvo, J. (1994). Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics, 17(1), 145-176. https://doi.org/10.1016/0165-4101(94)90008-6
DOI
|
30 |
Bradbury, M., Mak, Y., & Tan, S. (2006). Board characteristics, audit committee characteristics, and abnormal accruals. Pacific Accounting Review, 18, 47-68. https://doi.org/10.1108/01140580610732813
DOI
|
31 |
DeFond, M., & Park, C. (1997). Smoothing income in anticipation of future earnings. Journal of Accounting and Economics, 23, 115-139. https://doi.org/10.1016/S0165-4101(97)00004-9
DOI
|
32 |
Ajina, A., Lakhal, F., & Ayed, S. (2019). Does corporate social responsibility reduce earnings management? The moderating role of corporate governance and ownership. Management International, 23(2), 45-55. https://doi.org/10.7202/1060030ar
DOI
|
33 |
Nollet, J., Filis, G., & Mitrokostas, E. (2016). Corporate social responsibility and financial performance: A non-linear and disaggregated approach. Economic Modelling, 52, 400-407. https://doi.org/10.1016/j.econmod.2015.09.019
DOI
|
34 |
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011). Voluntary nonfinancial disclosure and the cost of equity capital: The initiation of corporate social responsibility reporting. The Accounting Review, 86(1), 59-100. https://doi.org/10.2308/accr.00000005
DOI
|
35 |
Donaldson, T., & Preston, L. E. (1995). The stakeholder theory of the corporation: concepts, evidence, and implications. Academy of Management Review, 20(1), 65-91. https://doi.org/10.2307/258887
DOI
|
36 |
Dechow, P., Sloan, R., & Sweeney, A. (1995). Detecting earnings management. The Accounting Review, 70(2), 193-225. https://www.jstor.org/stable/248303
|
37 |
Bhagat, S., & Jefferis R. H. (2005). The econometrics of corporate governance studies. MIT Press, Cambridge, MA. https://doi.org/10.7551/mitpress/2576.001.0001
|
38 |
Grimaldi, F., & Muserra, A. L. (2017). The effect of the ownership concentration on earnings management: Empirical evidence from the Italian context. Corporate Ownership & Control, 14(3-1), 236-248. https://doi.org/10.22495/cocv14i3c1art9
DOI
|
39 |
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. The Academy of Management Review, 22(1), 20-47. https://doi.org/10.5465/amr.1997.9707180258
DOI
|
40 |
Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115-143. https://doi.org/10.1016/S0304-4076(98)00009-8
DOI
|
41 |
Bryman, A., & Cramer, D. (2001). Quantitative data analysis with SPSS Release 10 for Windows: A Guide for Social Scientists. London: Routledge. https://doi.org/10.4324/9780203498187
|
42 |
Carroll, A. B. (1979). A three-dimensional conceptual model of corporate social performance. Academy of Management Review, 4(4), 497-505. https://doi.org/10.2307/257850
DOI
|
43 |
Chandra, A., & Wimelda, L. (2018). Opportunistic behavior, external monitoring mechanisms, corporate governance, and earnings management. Accounting and Finance Review, 3(1), 44-52. https://doi.org/10.35609/afr.2018.3.1(6)
DOI
|
44 |
Greene, W. H. (2000). Econometric analysis (4th ed.). Englewood Cliffs: Prentice-Hall.
|
45 |
Cheung, A. (2016). Corporate social responsibility and corporate cash holdings. Journal of Corporate Finance, 37, 412-430. https://doi.org/10.1016/j.jcorpfin.2016.01.008
DOI
|
46 |
Chih, H. L., Shen, C. H., & Kang, F. C. (2008). Corporate social responsibility, investor protection, and earnings management: some international evidence. Journal of Business Ethics, 79(1), 179-198. https://doi.org/10.1007/s10551-007-9383-7
DOI
|
47 |
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
DOI
|
48 |
Jiao, Y. (2010). Stakeholder welfare and firm value. Journal of Banking and Finance, 34(10), 2549-2561. https://doi.org/10.1016/j.jbankfin.2010.04.013
DOI
|
49 |
Fiori, G., Donato, F., & Izzo, M. (2015). Corporate social responsibility and stock prices: a study on the Italian market. Corporate Ownership & Control, 12(2), 600-609. https://doi.org/10.22495/cocv12i2c6p3
DOI
|
50 |
Hemingway, C. A., & Maclagan, P. W. (2004). Managers' personal values as drivers of corporate social responsibility. Journal of Business Ethics, 50(1), 33-44. https://doi.org/10.1023/B:BUSI.0000020964.80208.c9
DOI
|
51 |
Grougiou, V., Leventis, S., Dedoulis, E., & Owusu-Ansah, S. (2014). Corporate social responsibility and earnings management in US banks. Accounting Forum, 38(3), 155-169. https://doi.org/10.1016/j.accfor.2014.05.003
DOI
|
52 |
Habbash, M., & Haddad, L. (2020). The impact of corporate social responsibility on earnings management practices: evidence from Saudi Arabia. Social Responsibility Journal, 16(8), 1073-1085. https://doi.org/10.1108/SRJ-09-2018-0232
DOI
|
53 |
Halbritter, G., & Dorfleitner, G. (2015). The wages of social responsibility: Where are they? A critical review of ESG investing. Review of Financial Economics, 26, 25-35. https://doi.org/10.1016/j.rfe.2015.03.004
DOI
|
54 |
Li, X., & Yang, H. L. (2016). Mandatory financial reporting and voluntary disclosure: the effect of mandatory IFRS adoption on management forecasts. The Accounting Review, 91(3), 933-953. http://dx.doi.org/10.2139/ssrn.2172014
DOI
|
55 |
Uyagu, B., & Dabor, A.O. (2017). Earnings management and corporate social responsibility. Romanian Economic Journal, 20(65), 70-87. http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2017-10-19/3476/4uyagu.pdf
|
56 |
Scholtens, B., & Kang, F. C. (2013). Corporate social responsibility and earnings management: evidence from Asian economies. Corporate Social Responsibility and Environmental Management, 20(2), 95-112. https://doi.org/10.1002/csr.1286
DOI
|
57 |
El Ghoul, S., Guedhami, O., Kwok, C. C. Y., & Mishra, D. R. (2011). Does corporate social responsibility affect the cost of capital? Journal of Banking and Finance, 35(9), 2388-2406. https://doi.org/10.1016/j.jbankfin.2011.02.007
DOI
|
58 |
Hart, S. L. (1995). A natural resource-based view of the firm. Academy Management Review, 20(4), 986-1014. https://doi.org/10.2307/258963
DOI
|
59 |
Larcker, D. F., & Richardson, S. A., (2004). Fees paid to audit firms, accrual choices, and corporate governance. Journal of Accounting Research, 42(3), 625-658. https://doi.org/10.1111/j.1475-679X.2004.t01-1-00143.x
DOI
|
60 |
Klein, A. (2002). Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics, 33(3), 375-401. https://doi.org/10.1016/S0165-4101(02)00059-9
DOI
|
61 |
Lobo, G. J., & Zhou, J. (2006). Did conservatism in financial reporting increase after the Sarbanes-Oxley Act? Initial evidence. Accounting Horizons, 20(1), 57-73. http://dx.doi.org/10.2308/acch.2006.20.1.57
DOI
|
62 |
Marquis, C., Beunza, D., Ferraro, F., & Thomason, B. (2011). Driving sustainability at Bloomberg LP. Boston: Harvard Business School Case, 411-425. https://www.hbs.edu/faculty/Pages/item.aspx?num=39209
|
63 |
Mohmed, A., Flynn, A., & Grey, C. (2020). The link between CSR and earnings quality: Evidence from Egypt. Journal of Accounting in Emerging Economies, 10(1), 1-20. https://doi.org/10.1108/JAEE-10-2018-0109
DOI
|
64 |
Morck, R., Shleifer A., & Vishny R. W. (1988). Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20, 293-315. https://doi.org/10.1016/0304-405X(88)90048-7
DOI
|
65 |
Hunt, A., Moyer, S. E., & Shevlin, T. (1996). Managing interacting accounting measures to meet multiple objectives: A study of LIFO firms. Journal of Accounting and Economics, 21(3), 339-374. https://doi.org/10.1016/0165-4101(96)00422-3
DOI
|
66 |
Haw, I. M., Hu, B., Hwang, L. S., & Wu, W. (2004). Ultimate ownership, income management, and legal and extra-legal institutions. Journal of Accounting Research, 42, 423-462. https://doi.org/10.1111/j.1475-679X.2004.00144.x
DOI
|
67 |
Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7(1), 85-107. https://doi.org/10.1016/0165-4101(85)90029-1
DOI
|
68 |
Hong, Y., & Andersen, M. L. (2011). The relationship between corporate social responsibility and earnings management: An exploratory study. Journal of Business Ethics, 104(4), 461-471. https://doi.org/10.1007/s10551-011-0921-y
DOI
|
69 |
Hategan, C. D., Sirghi, N., Ruxandra Ioan, C., & Hategan, V. (2018). Doing well or doing good: The relationship between corporate social responsibility and profit in Romanian companies. Sustainability, 10(4), 1041. https://doi.org/10.3390/su10041041
DOI
|
70 |
Choi, S. Y., Lee. C., & Pfeiffer R. J. (2013). Corporate social responsibility performance and information asymmetry. Journal of Accounting and Public Policy, 32, 71-83. https://doi.org/10.1016/j.jaccpubpol.2012.10.005
DOI
|