The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.
Are CSR Disclosures Value Relevant? Cross-Country Evidence
Open accessAbstract
Proactive strategies in the area of corporate social responsibility are becoming a “business imperative” (Kanter 2011). However, the credibility of firms’ disclosures about corporate social responsibility (CSR) activities remains unknown. While they may be informative, we cannot rule out the possibility that they are opportunistic and provide little useful information. We provide evidence on this issue by investigating the association between abnormal (i.e., unexpected) CSR disclosures and firm value using an international sample of firms drawn from 22 countries. If these disclosures are informative and CSR activities are value-adding, as Kanter (2011) suggests, we should observe a positive relation between corporate social responsibility disclosures and firm value. Consistent with this view, we find that firm value increases with abnormal CSR disclosure. We also present evidence that while countries with stronger governance and institutions promote more CSR disclosures, the valuation of a unit increase in abnormal CSR disclosures is higher in countries with weaker governance and institutions.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
(1994) · Journal of the American Dietetic Association · doi:10.1016/0002-8223(94)92216-0 · Cited by 45,910
Earnings Management During Import Relief Investigations
Jones, J. J. (1991) · Journal of Accounting Research · doi:10.2307/2491047 · Cited by 8,353
Healy, P. M., & Palepu, K. G. (2001) · Journal of Accounting and Economics · doi:10.1016/s0165-4101(01)00018-0 · Cited by 8,097
A Simple Model of Capital Market Equilibrium with Incomplete Information
MERTON, R. C. (1987) · The Journal of Finance · doi:10.1111/j.1540-6261.1987.tb04565.x · Cited by 5,811
The Worldwide Governance Indicators: Methodology and Analytical Issues
Kaufmann, D., Kraay, A., & Mastruzzi, M. (2011) · Hague Journal on the Rule of Law · doi:10.1017/s1876404511200046 · Cited by 5,621
WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY.
Fombrun, C., & Shanley, M. (1990) · Academy of Management Journal · doi:10.2307/256324 · Cited by 5,411
Dhaliwal, D. S., Li, O. Z., Tsang, A., & Yang, Y. G. (2011) · The Accounting Review · doi:10.2308/accr.00000005 · Cited by 4,337
Corporate governance, chief executive officer compensation, and firm performance
Core, J. E., Holthausen, R. W., & Larcker, D. F. (1999) · Journal of Financial Economics · doi:10.1016/s0304-405x(98)00058-0 · Cited by 4,335
Clarkson, P. M., Li, Y., Richardson, G. D., & Vasvari, F. P. (2008) · Accounting, Organizations and Society · doi:10.1016/j.aos.2007.05.003 · Cited by 3,570
Verrecchia, R. E. (1983) · Journal of Accounting and Economics · doi:10.1016/0165-4101(83)90011-3 · Cited by 3,481
Cited by
ESG practices and the cost of debt: Evidence from EU countries
Eliwa, Y., Aboud, A., & Saleh, A. (2021) · Critical Perspectives on Accounting · doi:10.1016/j.cpa.2019.102097 · Cited by 907
de Villiers, C., & Marques, A. (2016) · Accounting and Business Research · doi:10.1080/00014788.2015.1039476 · Cited by 353
Self-citationCan corporate social responsibility protect firm value during the COVID-19 pandemic?
Qiu, S. (., Jiang, J., Liu, X., Chen, M.-H., & Yuan, X. (2021) · International Journal of Hospitality Management · doi:10.1016/j.ijhm.2020.102759 · Cited by 321
Greenwashing behavior and firm value – From the perspective of board characteristics
Chen, P., & Dagestani, A. A. (2023) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.2488 · Cited by 269
Corporate social responsibility assurance and reporting quality: Evidence from restatements
Ballou, B., Chen, P.-C., Grenier, J. H., & Heitger, D. L. (2018) · Journal of Accounting and Public Policy · doi:10.1016/j.jaccpubpol.2018.02.001 · Cited by 211
Metadata
- Authors
- Cahan, S. F., De Villiers, C., Jeter, D. C., Naiker, V., & Van Staden, C. J.
- Venue
- European Accounting Review
- Publisher
- Informa UK Limited
- Published
- 2015-07-21
- Volume
- 25
- Issue
- 3
- Pages
- 579-611
- ISSN
- 0963-8180 (ISSN-L)
- 1468-4497
- OpenAlex
- W2286138398
- Cited by
- 489
- References
- 57
- FWCI
- 57.09
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Are CSR Disclosures Value Relevant? Cross-Country Evidence. https://app.cochat.ai/papers/10.1080/09638180.2015.1064009
- The paper
- Cahan, S. F., De Villiers, C., Jeter, D. C., Naiker, V., & Van Staden, C. J. (2016). Are CSR Disclosures Value Relevant? Cross-Country Evidence. European Accounting Review. https://doi.org/10.1080/09638180.2015.1064009
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
