A Succinct Survey of Disclosure Quality Measurements

This paper is a sequel to prior studies, regarding the most common approaches to measuring CSR quality such as Analysts’ ratings, content or textual analysis, disclosure indices, and the measurement of characteristics such as Auditing and Assurance and Proxies for information quality (e.g. Length, numbers of words, sentences, pages). However, not all of these approaches are appropriate for measuring CSR information quality because CSR disclosures typically contain less financial information and more narratives, as well as more forward-looking information covering a wider range of topics such as human relations, customer relationships and environmental protection. This section explains how three measures, namely quality proxies, disclosure index as well as assurance, which were chosen to measure CSR in this study by drawing on prior studies and conceivable conceptual frameworks. The organization structure of this section is progressive more inclusive here as follows: the section 2 mentions what type of reports being examined in this study, where and how to collect the samples; how quantity approach to measure CSR quality in this study; the section 3 describes how the disclosure indices to measure CSR quality; then, measuring CSR quality through assurance is described; The last section concludes the whole.