Corporate social responsibility disclosure and information asymmetry: the role of family ownership

被引：0

作者：

Jennifer Martínez-Ferrero

Lázaro Rodríguez-Ariza

Isabel-María García-Sánchez

Beatriz Cuadrado-Ballesteros

机构：

[1] Universidad de Salamanca,Facultad de Economía y Empresa

[2] Universidad de Granada, Instituto Multidisciplinar de Empresa (IME)

来源：

Review of Managerial Science | 2018年 / 12卷

关键词：

Family business; Corporate social responsibility disclosure; Voluntary information; Information asymmetry; 00; 62-07;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This study considers the moderating role of family ownership, taking into account information differences between family and minority investors, and corroborates the existence of a two-way relation between CSR disclosure and information asymmetry. Our analysis of international corporate financial data for the period 2003–2009 shows there is an adverse selection effect by which family owners take advantage of insider information, thus attenuating any reduction of information asymmetry achieved by CSR disclosure.

引用

页码：885 / 916

页数：31

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