强迫责任?强制性企业社会责任引发的盈余管理研究——来自印度的证据

IF 3.6 Q1 BUSINESS, FINANCE Review of Accounting and Finance Pub Date : 2021-09-09 DOI:10.1108/raf-06-2020-0151
Manish K. Bansal, Vivek Kumar
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引用次数: 34

摘要

目的本研究旨在探讨强制性企业社会责任支出立法对企业盈余管理策略的影响。设计/方法/方法作者使用面板数据回归模型来分析本研究的数据。这项研究涵盖了立法后的时期,即从截至2015年3月的财政年度到截至2019年3月的财政年度的五年多时间。结果表明,企业操纵会计措施以避免违反强制性企业社会责任的截止标准。特别是,结果表明,在营业收入阈值附近运营的公司将营业收入错误地分类为非营业收入。相比之下,在净资产和净利润阈值附近运营的公司会降低实际和应计盈余管理。这些结果与几个稳健性措施一致。原创性/价值据作者所知,这是第一次研究强制性企业社会责任支出对盈余管理的影响。
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Forcing responsibility? Examining earnings management induced by mandatory corporate social responsibility: evidence from India
Purpose This study aims to investigate the impact of mandatory corporate social responsibility (CSR) spending legislation on the earnings management strategies of firms. Design/methodology/approach The authors use panel data regression models to analyze the data for this study. This study covers the post-legislation period, which spans over five years from the financial year ending March 2015 to the financial year ending March 2019. Findings The results show that firms manipulate accounting measures to avoid breaching the cut-off criteria for mandatory CSR. In particular, the results show that firms operating around the operating revenue threshold misclassify operating revenue as non-operating revenue. In contrast, firms operating around the net worth and net profit thresholds do downward real and accrual earnings management. These results are consistent with several robustness measures. Originality/value To the best of the authors’ knowledge, this is the first study that examines the impact of mandatory CSR spending on earnings management.
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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