Corporate social responsibility and corporate fraud: The mediating effect of analyst attention

Abstract

This article delves into the relationship between corporate social responsibility (CSR) and corporate fraud from the perspective of analyst attention. By selecting listed companies as research samples, the regression results demonstrate that the manifestation of CSR inhibits the occurrence of corporate fraud, reducing both the tendency and intensity of fraud. Analyst attention plays a partial mediating role in this inhibitory mechanism. Heterogeneity tests further reveal that the inhibitory effect of CSR is more pronounced in state-owned enterprises. Endogeneity tests further validate the robustness of the regression results.