Corporate social responsibility disclosure quality and analyst forecast

DOI

10.2991/icmmcce-17.2017.76How to use a DOI?

Keywords

corporate social responsibility; analyst forecast error; analyst forecast optimism

Abstract

The study examines the relationship between corporate social responsibility (csr) disclosure quality and sell-side analyst forecast error and optimism using multi-level capital markets in China. Results suggest that csr disclosure quality contributes to decrease analyst forecast error and optimism; furthermore, the lagged effect of csr disclosure quality in previous year is stronger. Listed companies published csr reports in main board, sme board and gem board comply with completely distinct listing restrictions and transaction systems, which leads to heterogeneity and empirically tests that random effect model is superior to fixed effect model and pooled ols model in multi-level capital markets inconsistent with prior studies.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jing Jiao
AU  - Chunhyun Nam
PY  - 2017/09
DA  - 2017/09
TI  - Corporate social responsibility disclosure quality and analyst forecast
BT  - Proceedings of the 2017 5th International Conference on Mechatronics, Materials, Chemistry and Computer Engineering (ICMMCCE 2017)
PB  - Atlantis Press
SP  - 375
EP  - 394
SN  - 2352-5401
UR  - https://doi.org/10.2991/icmmcce-17.2017.76
DO  - 10.2991/icmmcce-17.2017.76
ID  - Jiao2017/09
ER  -