Analyst Optimistic Forecasting and Impression Management of CSR Disclosure - Empirical evidence from China

Taking the data of Shanghai and Shenzhen A-share listed companies from 2010 to 2019 as samples, this paper finds that there is A “pressure-promoting” effect analysts’ optimistic predictions on impression management CSR information disclosure. Further research shows that, compared with enterprises better performance, “pressure promotion” prediction more significant for poor performance. Compared without third-party assurance, assurance are less affected by predicted analysts. mandatory disclosure reporting companies, voluntarily disclose reports analysts optimistic. After a series robustness tests, above conclusions still valid.