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The Effects of CSR Report Mandatory Policy on Analyst Forecasts: Evidence from Taiwan.
- Source :
- Journal of Risk & Financial Management; Jun2022, Vol. 15 Issue 6, p256, 17p
- Publication Year :
- 2022
-
Abstract
- The Taiwanese government altered its corporate social responsibility (CSR) report management policy from voluntary disclosure and assurance of CSR reports to partial mandatory disclosure and partial mandatory assurance. This paper examines this policy's effects on analyst forecast. The empirical results showed that the mandatory disclosure policy on CSR reports significantly increased analyst forecast accuracy and reduced analyst forecast dispersion. Furthermore, the study found that analyst forecast accuracy was further increased when CSR reports were forced to undergo accountant assurance than those without mandatory accountant assurance which means that the mandatory assurance policy on CSR reports significantly further increased analyst forecast accuracy. [ABSTRACT FROM AUTHOR]
- Subjects :
- SOCIAL responsibility of business
DISCLOSURE laws
FORECASTING
SOCIAL accounting
Subjects
Details
- Language :
- English
- ISSN :
- 19118066
- Volume :
- 15
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Journal of Risk & Financial Management
- Publication Type :
- Academic Journal
- Accession number :
- 157778143
- Full Text :
- https://doi.org/10.3390/jrfm15060256