教師資料查詢 | 類別: 期刊論文 | 教師: 郭博文KUO, PO-WEN (瀏覽個人網頁)

標題:Mandatory CSR Disclosure, CSR Assurance, and the Cost of Debt Capital: Evidence from Taiwan
學年109
學期2
出版(發表)日期2021/02/06
作品名稱Mandatory CSR Disclosure, CSR Assurance, and the Cost of Debt Capital: Evidence from Taiwan
作品名稱(其他語言)
著者Lopin Kuo; Po-Wen Kuo; Chun-Chih Chen
單位
出版者
著錄名稱、卷期、頁數Sustainability 13(4), 1768
摘要This study examined the impact of mandatory corporate social responsibility (CSR) disclosure, CSR assurance and the reputation of assurance providers (accounting firms) on the cost of debt capital. Our difference-in-difference research design in conjunction with univariate and multiple regression analysis was assessed using a large sample of firms listed on the Taiwan Stock Exchange and the Taipei Exchange. Our empirical results revealed that mandatory CSR assurance on CSR disclosure provided by accounting firms tended to reduce the cost of debt capital. However, contrary to expectations, the reputation of the accounting firm (Big 4 accounting firms vs. non-Big 4 accounting firms) tasked with providing CSR assurance did not have a significant effect on the cost of debt capital. These results have implications for firms seeking an assurance provider as well as for Big 4 accounting firms. These results also provide specific evidence relevant to government agencies seeking to update policies and extend the scope of mandatory CSR assurance to other environmentally sensitive industries.
關鍵字mandatory CSR disclosure;mandatory CSR assurance;cost of debt capital;accounting firms
語言英文
ISSN2071-1050
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Po-Wen Kuo
審稿制度
國別瑞士
公開徵稿
出版型式,電子版
相關連結
SDGs
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