Yamina Chouaibi, Rim Zouari-Hadiji, Sawssen Khlifi
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引用次数: 0
摘要
目的 本研究旨在通过企业社会责任(CSR)作为欧洲环境、社会和治理(ESG)公司的调节变量,确定应计制收益管理对股权成本(KE)的影响。数据来自汤森路透资产 4 数据库和 I/B/E/S 数据库,并使用 STATA 17 作为统计软件包进行分析。研究结果对利益相关者和投资者具有现实意义,他们会向公司施压,要求公司提高披露信息的质量,降低公司面临的风险。
The moderating role of CSR in the relationship between earnings management and cost of equity: evidence from European ESG data
Purpose
The present work aimed to identify the impact of accrual-based earnings management on the cost of equity (KE) through corporate social responsibility (CSR) as a moderating variable on European Environmental, Social, and Governance (ESG) companies.
Design/methodology/approach
The authors used data from a sample of 366 European firms over the 2012–2022 period. The data were collected from the Thomson Reuters Asset 4 and I/B/E/S database and analyzed using STATA 17 as a statistical software package.
Findings
As expected, the results showed a negative relationship between accruals, CSR and KE. Moreover, they suggest that the moderating variable negatively affects the relationship between accruals and the KE.
Practical implications
The results are pertinent to stakeholders and investors, who would pressure companies to enhance the quality of disclosed information and mitigate risks facing the company.
Originality/value
The main contribution lies in examining the relationship between accruals and KE through CSR in the European ESG context.
期刊介绍:
Covering various fields of accounting, Asian Review of Accounting publishes research papers, commentary notes, review papers and practitioner oriented articles that address significant international issues as well as those that focus on Asia Pacific in particular.Coverage includes but is not limited to: -Financial accounting -Managerial accounting -Auditing -Taxation -Accounting information systems -Social and environmental accounting -Accounting education Perspectives or viewpoints arising from regional, national or international focus, a private or public sector information need, or a market-perspective or social and environmental perspective are greatly welcomed. Manuscripts that present viewpoints should address issues of wide interest among accounting scholars internationally and those in Asia Pacific in particular.