Mandatory CSR Disclosure, CSR Assurance, and the Cost of Debt Capital: Evidence from Taiwan
نویسندگان
چکیده
This study examined the impact of mandatory corporate social responsibility (CSR) disclosure, CSR assurance and reputation providers (accounting firms) on cost debt capital. Our difference-in-difference research design in conjunction with univariate multiple regression analysis was assessed using a large sample firms listed Taiwan Stock Exchange Taipei Exchange. empirical results revealed that disclosure provided by accounting tended to reduce However, contrary expectations, firm (Big 4 vs. non-Big tasked providing did not have significant effect These implications for seeking an provider as well Big firms. also provide specific evidence relevant government agencies update policies extend scope other environmentally sensitive industries.
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ژورنال
عنوان ژورنال: Sustainability
سال: 2021
ISSN: ['2071-1050']
DOI: https://doi.org/10.3390/su13041768