Social Trust and Corporate Misconduct: Evidence from China

被引：139
|
作者：
Dong, Wang [1 ]
Han, Hongling [1 ]
Ke, Yun [2 ]
Chan, Kam C. [3 ]
机构：
[1] Zhejiang Univ, Dept Accounting & Finance, Hangzhou, Zhejiang, Peoples R China
[2] Brock Univ, Dept Accounting, St Catharines, ON, Canada
[3] Western Kentucky Univ, Dept Finance, Bowling Green, KY 42101 USA
来源：
JOURNAL OF BUSINESS ETHICS | 2018年 / 151卷 / 02期
基金：
中国国家自然科学基金;
关键词：
Social trust; Corporate misconduct; China; EARNINGS MANAGEMENT; GOVERNANCE ROLE; MEDIA COVERAGE; AUDIT QUALITY; STOCK-MARKET; CRIME; GROWTH; FIRMS; RISK;
D O I：
10.1007/s10551-016-3234-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We study whether greater social trust is associated with a lower incidence of corporate misconduct. Both social norm and network theory suggest that social trust can affect managerial behavior and reduce the likelihood of misconduct behavior. Consistent with this prediction, we find that social trust is negatively associated with corporate misconduct behavior. Moreover, we show that, when media coverage is higher, the negative relation between social trust and corporate misconduct behavior is more pronounced. Further analyses suggest that social trust can help mitigate both disclosure-related and nondisclosure-related misconduct.
引用
收藏
页码：539 / 562
页数：24
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