The impact of corporate social disclosure on investment behavior: A cross-national study

被引：57
|
作者：
Smith, Joyce van der Laan [2 ]
Adhikari, Ajay [1 ]
Tondkar, Rasoul H. [3 ]
Andrews, Robert L. [3 ]
机构：
[1] American Univ, Kogod Sch Business, Washington, DC 20016 USA
[2] Univ Richmond, EC Robins Sch Business, Richmond, VA 23173 USA
[3] Virginia Commonwealth Univ, Richmond, VA 23284 USA
来源：
JOURNAL OF ACCOUNTING AND PUBLIC POLICY | 2010年 / 29卷 / 02期
关键词：
Corporate social disclosure; Stakeholder theory; Investment behavior; Cross-cultural experiments; STAKEHOLDER; PERFORMANCE;
D O I：
10.1016/j.jaccpubpol.2009.10.009
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the impact of corporate social disclosure (CSD) oil investment behavior in the US. Japan, France, and Sweden using stakeholder theory as the underlying framework for out analysis We find that there is a significant difference in investors' reactions to CSD across Countries. Using a unique stakeholder scale we also find that these reactions are related to the investors' stakeholder orientation These findings provide Insight into cross-national differences in I lie perceived relevance of CSD to investors (C) 2009 Elsevier Inc. All rights reserved
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页码：177 / 192
页数：16
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