Voluntary CSR disclosure, institutional environment,and independent audit demand

作     者：Peipei Zheng Chunyan Ren 

作者机构：School of Accounting/Institute of Capital Market and Audit Governance Studies for the Great Bay Area(GuangdongHong KongMacao)Guangdong University of Finance and EconomicsChina School of ManagementXiamen UniversityChina 

出 版 物：《China Journal of Accounting Research》 (中国会计学刊（英文版）)

年 卷 期：2019年第12卷第4期

页      面：357-377页

学科分类：120201[管理学-会计学] 120202[管理学-企业管理（含：财务管理、市场营销、人力资源管理）] 12[管理学] 1202[管理学-工商管理] 

基　　金：the National Natural Science Foundation of China(71902038) the Institute of Capital Market and Audit Governance Studies for the Great Bay Area(Guangdong,Hong-Kong,Macao)of GDUFE of China(2019yb03) 

主　　题：Voluntary disclosure of corporate social responsibility information Auditor selection Auditing fees Institutional environment 

摘      要：Using a sample of A-share listed companies on the Shanghai and Shenzhen Stock Exchanges,this study examines the impact of voluntary corporate social responsibility(CSR)disclosure on independent audit demand in different institutional *** sample covers the 2008–2016 period and excludes firms that are required to disclose CSR *** findings show that compared with companies that choose to not disclose such information,companies that voluntarily disclose CSR information prefer to employ‘‘smallaccounting firms for auditing services,although the auditing fees are much ***,as the institutional environment improves,this preference is *** analyses show that this preference is stronger in enterprises where CSR disclosure is driven by strong political motivations and managerial self-interest *** motivations and economic motivations do not significantly impact the preference for‘‘smallaudit ***,this preference is more obvious in enterprises with poor operational performance and low information disclosure quality,and it increases as CSR disclosure level *** study enriches our understanding of the economic consequences of voluntary CSR disclosure and the factors that influence independent audit *** results also have implications for the construction and regulation of China’s system for supervising CSR information disclosure in the transitional phase.