Detail Disclosure for whom? Government involvement, CSR disclosure and firm value Bibliografi Author: Xu, Shen ; Chen, Xia ; Xia, Xinping Topik: CSR disclosure; Firm value; Mandatory disclosure; Insurance effect Bahasa: (EN )     Penerbit: Elsevier     Tempat Terbit: Oxford    Tahun Terbit: 2020     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: Xu 2020.pdf (660.18KB; 1 download) Abstract This paper investigates the roles of market and government in an emerging economy. By examining 2906 CSR reports from Chinese listed firms, we find that CSR disclosure adds incremental value to firms, especially for Private-Owned Enterprises (POE). We also find that the disclosure saves Central Government Controlled State-Owned Enterprises, which mandatorily disclose CSR information, from negative news report and litigation risks. This insurance effect is significant in POEs only when they suffer from economic losses. We find that POEs are market-oriented; although government would compensate for other mandatory disclosure firms when they suffer from reputational shock. Kajian editorial Article from : Emerging Markets Review, Volume 44, September 2020 Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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