Business

Managers' aspirations and quality of CSR reports: evidence from China

Y. Hu, S. Chen, et al.

Discover how peer firms influence the quality of CSR reports in a groundbreaking study by Yuanyuan Hu, Shouming Chen, Runshi Liu, and Yi Dai. Uncover the significant role of managers' aspiration levels in shaping report quality, particularly among government-owned firms and those with heightened visibility.

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Playback language: English

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Abstract

This study investigates the impact of peer firms on the quality of CSR reports. It proposes that managers' aspiration levels regarding CSR reporting are crucial in determining report quality. Specifically, it suggests that report quality improves when the current level falls short of aspirations and declines when it surpasses them. This effect is stronger for government-owned firms and those with high visibility. Empirical findings from a Chinese listed firms dataset (2012-2018) support these arguments.

Publisher

Humanities & Social Sciences Communications

Published On

Jun 06, 2023

Authors

Yuanyuan Hu, Shouming Chen, Runshi Liu, Yi Dai

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