Please use this identifier to cite or link to this item: https://cris.library.msu.ac.zw//handle/11408/5570
Title: Mandatory CSR disclosure and firm investment behavior: Evidence from a quasi-natural experiment in China
Authors: Lewis Makosa
Jinkun Yang
Lovemore Sitsha
Moses Jachi
School of Accounting, Tianjin University of Finance and Economics, Tianjin, China
School of Accounting, Tianjin University of Finance and Economics, Tianjin, China
School of Accounting, Midlands State University, Gweru, Zimbabwe
School of Accounting, Midlands State University, Gweru, Zimbabwe
Keywords: Mandatory disclosure
Corporate social responsibility
Investment behavior
China
CSR disclosure
Issue Date: 17-Aug-2020
Publisher: Wiley
Abstract: In this article, we examine the effect of mandatory disclosure of corporate social responsibility on firm's investment behavior. Our analysis exploits China's 2008 mandatory requirement that firms disclose their corporate social responsibility activities. Using difference-in-difference design, the study finds that firms that were made to report their corporate social responsibility experience a decrease in the level of investment, but the firm investment efficiency improved, especially on alleviating over-investments. These findings suggest that mandatory CSR disclosure alters firm investment behavior and the implementation of such a disclosure requirement may need the government support.
URI: https://cris.library.msu.ac.zw//handle/11408/5570
Appears in Collections:Research Papers

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