Corporate Social Responsibility, Shariah-Compliance, and Earnings Quality

Allbwn ymchwil: Cyfraniad at gyfnodolynErthygl

Fersiynau electronig

Dogfennau

Dangosydd eitem ddigidol (DOI)

This study examines the effect of two potential sources of ethical principles on earnings quality: corporate social responsibility (CSR) and membership in a Shariah index. We define membership in a Shariah index as the adherence to an ethical code that relates to Islam. Our sample comprises firms in ten European Union countries for the period from 2003 to 2013. The empirical results show that firms with a high degree of CSR are less likely to manage earnings. In contrast, membership in a Shariah index leads to earnings manipulation. Our results are robust after using several alternative quality metrics for earnings. Furthermore, our empirical results indicate that highly rated CSR firms that are not Shariah-compliant are less likely to engage in earnings manipulation. Further, institutional factors are also important in determining the link between CSR, Shariah-compliance, and the quality of financial reporting.

Allweddeiriau

Iaith wreiddiolSaesneg
Tudalennau (o-i)169-194
Nifer y tudalennau26
CyfnodolynJournal of Financial Services Research
Cyfrol51
Rhif y cyfnodolyn2
Dyddiad ar-lein cynnar31 Awst 2016
Dynodwyr Gwrthrych Digidol (DOIs)
StatwsCyhoeddwyd - Ebr 2017

Cyfanswm lawlrlwytho

Nid oes data ar gael
Gweld graff cysylltiadau