이정환
2020-06-10T00:19:06Z
2020-06-10T00:19:06Z
2019-06
Journal of Distribution Science, v. 17, no. 6, Page. 33-42
1738-3110
2093-7717
https://www.kci.go.kr/kciportal/landing/article.kci?arti_id=ART002473401
https://repository.hanyang.ac.kr/handle/20.500.11754/151530
Purpose – We investigate whether a firm’s engagement in socially responsible activity affects the quality of financial reporting within the retail industry of Korean market. Recent studies argue that more socially responsible firms tend to show a better quality of financial reporting. Research design, data, and methodology – We use a variety of proxy variables related to the use of discretionary accruals and real activity manipulation to measure the quality of financial reporting. The total of environmental, social and governance score is used to represent the degree of socially responsible activity in the retail industry. We use regression models to examine whether more socially responsible firms show a higher quality of financial reporting. The sample of publicly traded Korea retail firms is analyzed from 2011 to 2016. Results – Our analysis finds supporting evidence for limited earning management via the use of discretionary accruals. We find, however, no significant relationship between the degree of social responsibility and the quality of financial reporting within chaebol affiliates unlike non-chaebol affiliates. Conclusions – Our results weakly support a better quality of financial reporting for more socially responsible firms. The results highlight the importance of firm characteristics in deciding the effect of socially responsible activity on corporate policies.
This research was supported by Korea National Open University Research Fund(201800480001)
en
Korea Distribution Science Association (KODISA)
Chaebol Affiliates
Corporate Social Responsibility
ESG Score
Retail Firms
Corporate Social Responsibility and Financial Reporting Quality: Evidence from Korean Retail Industry
Article
6
17
10.15722/jds.17.6.201906.33
33-42
Journal of Distribution Science
KIM, Sang-Su
LEE, Jeong-Hwan
2019021836
S
COLLEGE OF ECONOMICS AND FINANCE[S]
DIVISION OF ECONOMICS & FINANCE
jeonglee