Abstract
The study aims to provide empirical evidence on the impact of corporate social responsibility (CSR) and accounting comparability (AC) on earnings persistence (EP) in listed firms on the Vietnamese stock market. Data were collected from 76 companies that have disclosure financial statements, annual reports, and CSR of companies and listed firms on the Vietnamese stock market in the period from 2014 to 2017. The study used the Generalized Method of Moments (GMM) regression method to evaluate the correlation. We believe that CSR and AC have a positive impact on EP. The study helps to contribute to a review of previous studies on the relationship between CSR disclosure, AC and EP in developing countries. The study points out some policy implications for regulators and firms on transparency in an information disclosure to increase AC and CSR on the basis of maintaining EP.
Highlights
corporate social responsibility (CSR) has garnered increased attention from publicly traded companies, government agencies, and researchers [1]
The study uses regression modeling to investigate the link between CSR and comparability and earnings persistence (EP) (Table 3), as well as the relationship between the variables
The results indicate that the correlation coefficients for CSR are positive and statistically significant, implying that
Summary
CSR has garnered increased attention from publicly traded companies, government agencies, and researchers [1]. Disclosure CSR is the dissemination of financial and nonfinancial information about the environment, the community in which the business operates, and the society to which the firm contributes. Carroll [2] stated that CSR is concerned with society’s economic, legal, ethical, and political expectations at any particular period. According to Freeman [3], CSR is concerned with the company’s stakeholders, those who directly or indirectly influence or are impacted by the company’s actions. CSR reports on the economic, environmental, and social concerns affecting the business are compiled and released annually in the company’s annual reports [4,5]. CSR has become a critical factor in corporate decision-making, and many organizations plan, perform, and manage their CSR activities in order to be able to publicly report them [6,7].
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