메뉴 건너뛰기




Volumn 20, Issue 2, 2013, Pages 95-112

Corporate Social Responsibility and Earnings Management: Evidence from Asian Economies

Author keywords

Asian firms; Corporate social responsibility (CSR); Earnings management; Investor protection

Indexed keywords


EID: 84874194081     PISSN: 15353958     EISSN: 15353966     Source Type: Journal    
DOI: 10.1002/csr.1286     Document Type: Article
Times cited : (190)

References (91)
  • 1
    • 0000147433 scopus 로고
    • Agency research in managerial accounting: A second look
    • Baiman S. 1990. Agency research in managerial accounting: A second look. Accounting, Organizations and Society 15: 414-444.
    • (1990) Accounting, Organizations and Society , vol.15 , pp. 414-444
    • Baiman, S.1
  • 3
    • 56249149307 scopus 로고    scopus 로고
    • The dynamics of earnings forecast management
    • Bernhardt D, Campello M. 2007. The dynamics of earnings forecast management. Review of Finance 11: 287-324.
    • (2007) Review of Finance , vol.11 , pp. 287-324
    • Bernhardt, D.1    Campello, M.2
  • 5
    • 80053422873 scopus 로고    scopus 로고
    • Does corporate social responsibility influence profit margins? A case study of executive perceptions
    • Blomgren A. 2011. Does corporate social responsibility influence profit margins? A case study of executive perceptions. Corporate Social Responsibility and Environmental Management 18: 263-274.
    • (2011) Corporate Social Responsibility and Environmental Management , vol.18 , pp. 263-274
    • Blomgren, A.1
  • 7
    • 33750928988 scopus 로고    scopus 로고
    • Corporate social responsibility and resource-based perspective
    • Branco MC, Rodrigues LL. 2006. Corporate social responsibility and resource-based perspective. Journal of Business Ethics 69: 111-132.
    • (2006) Journal of Business Ethics , vol.69 , pp. 111-132
    • Branco, M.C.1    Rodrigues, L.L.2
  • 10
    • 77951204891 scopus 로고    scopus 로고
    • Traditional accountants and business professionals: Portraying the accounting profession after Enron
    • Carnegie GD, Napier CJ. 2010. Traditional accountants and business professionals: Portraying the accounting profession after Enron. Accounting, Organizations and Society 35: 360-376.
    • (2010) Accounting, Organizations and Society , vol.35 , pp. 360-376
    • Carnegie, G.D.1    Napier, C.J.2
  • 12
    • 67349139153 scopus 로고    scopus 로고
    • Earnings management to exceed thresholds: Evidence from Singapore and Thailand
    • Charoenwong C, Jiraporn P. 2009. Earnings management to exceed thresholds: Evidence from Singapore and Thailand. Journal of Multinational Financial Management 19: 221-236.
    • (2009) Journal of Multinational Financial Management , vol.19 , pp. 221-236
    • Charoenwong, C.1    Jiraporn, P.2
  • 14
    • 78751585340 scopus 로고    scopus 로고
    • Are OECD-prescribed 'good corporate governance practices' really good in an emerging economy?
    • Chen VZ, Li J, Shapiro DM. 2011. Are OECD-prescribed 'good corporate governance practices' really good in an emerging economy? Asia Pacific Journal of Management 28: 115-138.
    • (2011) Asia Pacific Journal of Management , vol.28 , pp. 115-138
    • Chen, V.Z.1    Li, J.2    Shapiro, D.M.3
  • 15
    • 43749122577 scopus 로고    scopus 로고
    • Corporate social responsibility, investor protection, and earnings management: Some international evidence
    • Chih HL, Shen CH, Kang FC. 2008. Corporate social responsibility, investor protection, and earnings management: Some international evidence. Journal of Business Ethics 79: 179-198.
    • (2008) Journal of Business Ethics , vol.79 , pp. 179-198
    • Chih, H.L.1    Shen, C.H.2    Kang, F.C.3
  • 19
    • 38149038650 scopus 로고    scopus 로고
    • Corporate governance and pay-for-performance: The impact of earnings management
    • Cornett MM, Marcus AJ, Tehranian H. 2008. Corporate governance and pay-for-performance: The impact of earnings management. Journal of Financial Economics 87: 357-373.
    • (2008) Journal of Financial Economics , vol.87 , pp. 357-373
    • Cornett, M.M.1    Marcus, A.J.2    Tehranian, H.3
  • 20
    • 38749105832 scopus 로고    scopus 로고
    • Managerial attitudes toward environmental management within Australia, the People's Republic of China and Indonesia
    • Cummings LS. 2008. Managerial attitudes toward environmental management within Australia, the People's Republic of China and Indonesia. Business Strategy and the Environment 17: 16-29.
    • (2008) Business Strategy and the Environment , vol.17 , pp. 16-29
    • Cummings, L.S.1
  • 21
    • 0036997124 scopus 로고    scopus 로고
    • The quality of accruals and earnings: The role of accrual estimation errors
    • Dechow PM, Dichev ID. 2002. The quality of accruals and earnings: The role of accrual estimation errors. The Accounting Review 77: 35-59.
    • (2002) The Accounting Review , vol.77 , pp. 35-59
    • Dechow, P.M.1    Dichev, I.D.2
  • 28
    • 84968147098 scopus 로고
    • Toward the sustainable corporation: Win-win-win business strategies for sustainable development
    • Elkington J. 1994. Toward the sustainable corporation: Win-win-win business strategies for sustainable development. California Management Review 36: 90-100.
    • (1994) California Management Review , vol.36 , pp. 90-100
    • Elkington, J.1
  • 30
    • 0036331681 scopus 로고    scopus 로고
    • Corporate ownership structure and the informativeness of accounting earnings in East Asia
    • Fan JPH, Wong TJ. 2002. Corporate ownership structure and the informativeness of accounting earnings in East Asia. Journal of Accounting and Economics 33: 401-425.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 401-425
    • Fan, J.P.H.1    Wong, T.J.2
  • 31
    • 55149118403 scopus 로고    scopus 로고
    • The stocks at stake: Return and risk in socially responsible investment
    • Galema R, Plantinga A, Scholtens B. 2008. The stocks at stake: Return and risk in socially responsible investment. Journal of Banking and Finance 32: 2646-2654.
    • (2008) Journal of Banking and Finance , vol.32 , pp. 2646-2654
    • Galema, R.1    Plantinga, A.2    Scholtens, B.3
  • 33
    • 56349117945 scopus 로고    scopus 로고
    • Earnings management, lawsuits, and stock-for-stock acquirers market performance
    • Gong G, Henock L, Sun AX. 2008. Earnings management, lawsuits, and stock-for-stock acquirers market performance. Journal of Accounting and Economics 46: 62-77.
    • (2008) Journal of Accounting and Economics , vol.46 , pp. 62-77
    • Gong, G.1    Henock, L.2    Sun, A.X.3
  • 34
    • 0000171195 scopus 로고    scopus 로고
    • The corporate social performance and corporate financial performance debate: Twenty-five years of incomparable research
    • Griffin JJ, Mahon JF. 1997. The corporate social performance and corporate financial performance debate: Twenty-five years of incomparable research. Business and Society 36: 5-31.
    • (1997) Business and Society , vol.36 , pp. 5-31
    • Griffin, J.J.1    Mahon, J.F.2
  • 35
    • 77957919312 scopus 로고    scopus 로고
    • Managing strategic alliances through a community-enabled balanced scorecard: The case of Merck Ltd, Thailand
    • Hansen EG, Sextl M, Reichwald R. 2010. Managing strategic alliances through a community-enabled balanced scorecard: The case of Merck Ltd, Thailand. Business Strategy and the Environment 19: 387-399.
    • (2010) Business Strategy and the Environment , vol.19 , pp. 387-399
    • Hansen, E.G.1    Sextl, M.2    Reichwald, R.3
  • 37
    • 52249116230 scopus 로고    scopus 로고
    • Columbia Business School: New York and Chichester.
    • Heal G. 2008. When Principles Pay. Columbia Business School: New York and Chichester.
    • (2008) When Principles Pay
    • Heal, G.1
  • 38
    • 0001574630 scopus 로고    scopus 로고
    • A review of earnings management literature and its implications for standard setting
    • Healy P, Wahlen J. 1999. A review of earnings management literature and its implications for standard setting. Accounting Horizons 13: 365-383.
    • (1999) Accounting Horizons , vol.13 , pp. 365-383
    • Healy, P.1    Wahlen, J.2
  • 41
    • 45849092616 scopus 로고    scopus 로고
    • Firm performance: The strategic interactions of corporate social performance with innovation and industry differentiation
    • Hull C, Rothenberg S. 2008. Firm performance: The strategic interactions of corporate social performance with innovation and industry differentiation. Strategic Management Journal 29: 781-789.
    • (2008) Strategic Management Journal , vol.29 , pp. 781-789
    • Hull, C.1    Rothenberg, S.2
  • 42
  • 43
    • 34548701571 scopus 로고    scopus 로고
    • Insider trading, earnings management and corporate governance: Empirical evidence based on Hong Kong firm
    • Jaggi B, Tsui J. 2007. Insider trading, earnings management and corporate governance: Empirical evidence based on Hong Kong firm. Journal of International Financial Management and Accounting 18: 192-222.
    • (2007) Journal of International Financial Management and Accounting , vol.18 , pp. 192-222
    • Jaggi, B.1    Tsui, J.2
  • 44
    • 0141884754 scopus 로고    scopus 로고
    • Value maximization, stakeholder theory, and the corporate objective function
    • Jensen MC. 2001. Value maximization, stakeholder theory, and the corporate objective function. Journal of Applied Corporate Finance 14 (3): 8-21.
    • (2001) Journal of Applied Corporate Finance , vol.14 , Issue.3 , pp. 8-21
    • Jensen, M.C.1
  • 46
    • 33947358906 scopus 로고    scopus 로고
    • Disclosure frequency and earnings management
    • Jo H, Kim Y. 2007. Disclosure frequency and earnings management. Journal of Financial Economics 84: 561-590.
    • (2007) Journal of Financial Economics , vol.84 , pp. 561-590
    • Jo, H.1    Kim, Y.2
  • 47
    • 21844519987 scopus 로고
    • Instrumental stakeholder theory: A synthesis of ethics and economics
    • Jones TM. 1995. Instrumental stakeholder theory: A synthesis of ethics and economics. Academy of Management Review 20: 404-437.
    • (1995) Academy of Management Review , vol.20 , pp. 404-437
    • Jones, T.M.1
  • 48
    • 33745619522 scopus 로고    scopus 로고
    • Ownership structure, business group affiliation, listing status, and earnings management: Evidence from Korea
    • Kim JB, Yi CH. 2006. Ownership structure, business group affiliation, listing status, and earnings management: Evidence from Korea. Contemporary Accounting Research 23: 427-464.
    • (2006) Contemporary Accounting Research , vol.23 , pp. 427-464
    • Kim, J.B.1    Yi, C.H.2
  • 49
    • 0036331491 scopus 로고    scopus 로고
    • Audit committee, board of director characteristics, and earnings management
    • Klein A. 2002. Audit committee, board of director characteristics, and earnings management. Journal of Accounting and Economics 33: 375-400.
    • (2002) Journal of Accounting and Economics , vol.33 , pp. 375-400
    • Klein, A.1
  • 50
    • 76049101225 scopus 로고    scopus 로고
    • Disclosing conflicts of interest - Do experience and reputation matter?
    • Koch C, Schmidt C. 2010. Disclosing conflicts of interest - Do experience and reputation matter? Accounting, Organizations and Society 35: 95-107.
    • (2010) Accounting, Organizations and Society , vol.35 , pp. 95-107
    • Koch, C.1    Schmidt, C.2
  • 51
    • 77954640262 scopus 로고    scopus 로고
    • Corporate social responsibility in China: An analysis of domestic and foreign retailers' sustainability dimensions
    • Kolk A, Hong P, van Dolen W. 2010. Corporate social responsibility in China: An analysis of domestic and foreign retailers' sustainability dimensions. Business Strategy and the Environment 19: 289-303.
    • (2010) Business Strategy and the Environment , vol.19 , pp. 289-303
    • Kolk, A.1    Hong, P.2    van Dolen, W.3
  • 52
    • 84874191750 scopus 로고    scopus 로고
    • An economic analysis of cross-listing decisions and their impact on earnings quality
    • Königsgruber R. 2009. An economic analysis of cross-listing decisions and their impact on earnings quality. Schmalenbach Business Review 61: 310-330.
    • (2009) Schmalenbach Business Review , vol.61 , pp. 310-330
    • Königsgruber, R.1
  • 55
    • 68149096645 scopus 로고    scopus 로고
    • The crisis of fair-value accounting: Making sense of the recent debate
    • Laux C, Leuz C. 2009. The crisis of fair-value accounting: Making sense of the recent debate. Accounting, Organizations and Society 34: 826-834.
    • (2009) Accounting, Organizations and Society , vol.34 , pp. 826-834
    • Laux, C.1    Leuz, C.2
  • 57
    • 34748871105 scopus 로고    scopus 로고
    • Company size, auditor type, and earnings management
    • Lee BB, Choi B. 2002. Company size, auditor type, and earnings management. Journal of Forensic Accounting 3: 27-50.
    • (2002) Journal of Forensic Accounting , vol.3 , pp. 27-50
    • Lee, B.B.1    Choi, B.2
  • 58
    • 0042012826 scopus 로고    scopus 로고
    • Earnings management and investor protection: An international comparison
    • Leuz C, Nanda D, Wysocki P. 2003. Earnings management and investor protection: An international comparison. Journal of Financial Economics 69: 505-527.
    • (2003) Journal of Financial Economics , vol.69 , pp. 505-527
    • Leuz, C.1    Nanda, D.2    Wysocki, P.3
  • 59
    • 36349034500 scopus 로고    scopus 로고
    • Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective
    • Liu Q, Lu Z. 2007. Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective. Journal of Corporate Finance 13: 881-906.
    • (2007) Journal of Corporate Finance , vol.13 , pp. 881-906
    • Liu, Q.1    Lu, Z.2
  • 60
    • 0009925643 scopus 로고    scopus 로고
    • Stakeholders and corporate boards: Institutional influences on board composition and structure
    • Luoma P, Goodstein J. 1999. Stakeholders and corporate boards: Institutional influences on board composition and structure. Academy of Management Journal 42: 553-563.
    • (1999) Academy of Management Journal , vol.42 , pp. 553-563
    • Luoma, P.1    Goodstein, J.2
  • 62
    • 0347569255 scopus 로고    scopus 로고
    • Misery loves companies: Rethinking social initiatives by business
    • Margolis JD, Walsh JP. 2003. Misery loves companies: Rethinking social initiatives by business. Administrative Science Quarterly 48: 268-305.
    • (2003) Administrative Science Quarterly , vol.48 , pp. 268-305
    • Margolis, J.D.1    Walsh, J.P.2
  • 63
    • 84874193761 scopus 로고    scopus 로고
    • Does it pay to be good? A meta-analysis and redirection of research on the relationship between corporate social and financial performance, working paper. Harvard University, Cambridge, MA.
    • Margolis JD, Elfenbein HA, Walsh JP. 2007. Does it pay to be good? A meta-analysis and redirection of research on the relationship between corporate social and financial performance, working paper. Harvard University, Cambridge, MA.
    • (2007)
    • Margolis, J.D.1    Elfenbein, H.A.2    Walsh, J.P.3
  • 64
    • 0035529262 scopus 로고    scopus 로고
    • Corporate social responsibility: A theory of the firm perspective
    • McWilliams A, Siegel D. 2001. Corporate social responsibility: A theory of the firm perspective. Journal of Management Review 26: 117-127.
    • (2001) Journal of Management Review , vol.26 , pp. 117-127
    • McWilliams, A.1    Siegel, D.2
  • 66
    • 84874191372 scopus 로고    scopus 로고
    • Corporate governance in Asia's emerging markets: An overview
    • Miles M. 2009. Corporate governance in Asia's emerging markets: An overview. Review of International Comparative Management 10: 387-396.
    • (2009) Review of International Comparative Management , vol.10 , pp. 387-396
    • Miles, M.1
  • 67
    • 23944438457 scopus 로고    scopus 로고
    • Corporate governance and institutional transparency in emerging markets
    • Millar C, Eldomiaty T, Choi CJ, Hilton B. 2005. Corporate governance and institutional transparency in emerging markets. Journal of Business Ethics 59: 163-174.
    • (2005) Journal of Business Ethics , vol.59 , pp. 163-174
    • Millar, C.1    Eldomiaty, T.2    Choi, C.J.3    Hilton, B.4
  • 68
    • 35648975574 scopus 로고    scopus 로고
    • The contribution of corporate social responsibility to sustainable development
    • Moon J. 2007. The contribution of corporate social responsibility to sustainable development. Sustainable Development 15: 296-306.
    • (2007) Sustainable Development , vol.15 , pp. 296-306
    • Moon, J.1
  • 69
    • 1542613353 scopus 로고    scopus 로고
    • Institutional reality, financial reporting and the rules of the game
    • Mouck T. 2004. Institutional reality, financial reporting and the rules of the game. Accounting, Organizations and Society 29: 525-541.
    • (2004) Accounting, Organizations and Society , vol.29 , pp. 525-541
    • Mouck, T.1
  • 71
    • 0042090748 scopus 로고    scopus 로고
    • Corporate social responsibility and financial performance: A meta-analysis
    • Orlitzky M, Schmidt FL, Ryes SL. 2003. Corporate social responsibility and financial performance: A meta-analysis. Organization Studies 24: 403-441.
    • (2003) Organization Studies , vol.24 , pp. 403-441
    • Orlitzky, M.1    Schmidt, F.L.2    Ryes, S.L.3
  • 72
    • 76149138525 scopus 로고    scopus 로고
    • Environmental disclosures of palm oil plantation companies in Malaysia: A tool for stakeholder engagement
    • Othman R, Ameer R. 2010. Environmental disclosures of palm oil plantation companies in Malaysia: A tool for stakeholder engagement. Corporate Social Responsibility and Environmental Management 17: 52-62.
    • (2010) Corporate Social Responsibility and Environmental Management , vol.17 , pp. 52-62
    • Othman, R.1    Ameer, R.2
  • 73
    • 49749133164 scopus 로고    scopus 로고
    • Are socially responsible managers really ethical? Exploring the relationship between earnings management and corporate social responsibility
    • Prior D, Surroca J, Tribó JA. 2008. Are socially responsible managers really ethical? Exploring the relationship between earnings management and corporate social responsibility. Corporate Governance: An International Review 16: 160-177.
    • (2008) Corporate Governance: An International Review , vol.16 , pp. 160-177
    • Prior, D.1    Surroca, J.2    Tribó, J.A.3
  • 74
    • 0035486086 scopus 로고    scopus 로고
    • Social disclosure, financial disclosure and the cost of equity capital
    • Richardson AJ, Welker M. 2001. Social disclosure, financial disclosure and the cost of equity capital. Accounting, Organizations and Society 26: 597-616.
    • (2001) Accounting, Organizations and Society , vol.26 , pp. 597-616
    • Richardson, A.J.1    Welker, M.2
  • 75
    • 12444303962 scopus 로고
    • A political theory of American corporate finance
    • Roe M. 1991. A political theory of American corporate finance. Columbia Law Review 91: 10-67.
    • (1991) Columbia Law Review , vol.91 , pp. 10-67
    • Roe, M.1
  • 76
    • 0031510753 scopus 로고    scopus 로고
    • A resource-based perspective on corporate environmental performance and profitability
    • Russo MV, Fouts PA. 1997. A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal 40: 534-559.
    • (1997) Academy of Management Journal , vol.40 , pp. 534-559
    • Russo, M.V.1    Fouts, P.A.2
  • 77
    • 54149095772 scopus 로고    scopus 로고
    • Board of directors and opportunistic earnings management: Evidence from India
    • Sarkar J, Sarkar S, Sen K. 2008. Board of directors and opportunistic earnings management: Evidence from India. Journal of Accounting, Auditing and Finance 23: 517-551.
    • (2008) Journal of Accounting, Auditing and Finance , vol.23 , pp. 517-551
    • Sarkar, J.1    Sarkar, S.2    Sen, K.3
  • 78
    • 69749106245 scopus 로고    scopus 로고
    • Global rules and private actors, towards a new role of the TNC in global governance
    • Scherer A, Palazzo G, Baumann D. 2006. Global rules and private actors, towards a new role of the TNC in global governance. Business Ethics Quarterly 16: 502-532.
    • (2006) Business Ethics Quarterly , vol.16 , pp. 502-532
    • Scherer, A.1    Palazzo, G.2    Baumann, D.3
  • 79
    • 53649098161 scopus 로고    scopus 로고
    • A note on the interaction between corporate social responsibility and financial performance
    • Scholtens B. 2008. A note on the interaction between corporate social responsibility and financial performance. Ecological Economics 68: 46-55.
    • (2008) Ecological Economics , vol.68 , pp. 46-55
    • Scholtens, B.1
  • 80
    • 33745686601 scopus 로고    scopus 로고
    • A corporate social performance-corporate financial performance behavioral model for consumers
    • Schuler DA, Cording M. 2006. A corporate social performance-corporate financial performance behavioral model for consumers. Academy of Management Review 31: 540-558.
    • (2006) Academy of Management Review , vol.31 , pp. 540-558
    • Schuler, D.A.1    Cording, M.2
  • 82
    • 68149183513 scopus 로고    scopus 로고
    • Financial crisis and the silence of the auditors
    • Sikka P. 2009. Financial crisis and the silence of the auditors. Accounting, Organizations and Society 34: 868-873.
    • (2009) Accounting, Organizations and Society , vol.34 , pp. 868-873
    • Sikka, P.1
  • 83
    • 0030305172 scopus 로고    scopus 로고
    • Do stock prices fully reflect information in accruals and cash flows about future earnings?
    • Sloan RG. 1996. Do stock prices fully reflect information in accruals and cash flows about future earnings? The Accounting Review 71: 289-315.
    • (1996) The Accounting Review , vol.71 , pp. 289-315
    • Sloan, R.G.1
  • 84
    • 84874192204 scopus 로고    scopus 로고
    • Introduction to issues in finance, corporate control, and growth: Lessons from developing and transitional economies
    • Stein H, Rosefielde S. 2005. Introduction to issues in finance, corporate control, and growth: Lessons from developing and transitional economies. Eastern Economic Journal 31: 210-217.
    • (2005) Eastern Economic Journal , vol.31 , pp. 210-217
    • Stein, H.1    Rosefielde, S.2
  • 85
    • 60949087941 scopus 로고    scopus 로고
    • Business-society relations in Central-Eastern and Western Europe: How those who lead in sustainability reporting bridge the gap in corporate (social) responsibility
    • Steurer R, Konrad A. 2009. Business-society relations in Central-Eastern and Western Europe: How those who lead in sustainability reporting bridge the gap in corporate (social) responsibility. Scandinavian Journal of Management 25: 23-36.
    • (2009) Scandinavian Journal of Management , vol.25 , pp. 23-36
    • Steurer, R.1    Konrad, A.2
  • 87
    • 0000370948 scopus 로고    scopus 로고
    • Earnings management and the long-run market performance of initial public offerings
    • Teoh SH, Welch I, Wong TJ. 1998. Earnings management and the long-run market performance of initial public offerings. Journal of Finance 53: 1935-1975.
    • (1998) Journal of Finance , vol.53 , pp. 1935-1975
    • Teoh, S.H.1    Welch, I.2    Wong, T.J.3
  • 88
    • 57549107309 scopus 로고    scopus 로고
    • The frequency and magnitude of earnings management in China
    • Wang Y, Chen SK, Lin BX, Wu LS. 2008. The frequency and magnitude of earnings management in China. Applied Economics 40: 3213-3225.
    • (2008) Applied Economics , vol.40 , pp. 3213-3225
    • Wang, Y.1    Chen, S.K.2    Lin, B.X.3    Wu, L.S.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.