The Effects of Corporate Social Responsibility Assurance and the Choice of Assurer on Stock Price Crash Risk: Evidence From China
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F25%3A50022322" target="_blank" >RIV/62690094:18450/25:50022322 - isvavai.cz</a>
Result on the web
<a href="https://onlinelibrary.wiley.com/doi/10.1111/ijau.12375" target="_blank" >https://onlinelibrary.wiley.com/doi/10.1111/ijau.12375</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/ijau.12375" target="_blank" >10.1111/ijau.12375</a>
Alternative languages
Result language
angličtina
Original language name
The Effects of Corporate Social Responsibility Assurance and the Choice of Assurer on Stock Price Crash Risk: Evidence From China
Original language description
The aim of this study is to investigate the impact of corporate social responsibility (CSR) assurance and the choice of CSR assurer on stock price crash risk. Using a sample of 10,237 firm-year observations from Chinese firms between 2011 and 2022, we find that CSR assurance reduces crash risk and moderates the negative relationship between CSR reporting and crash risk. The effect of CSR assurance does not significantly differ between firms with voluntary and mandatory CSR reports. Additionally, we find that accounting firms as CSR assurers mitigate crash risk and moderate the adverse 'CSR reporting and crash risk' relationship, with the mitigating effect being more pronounced when the assurer is a Big Four firm compared to a non-Big Four firm. Our heterogeneity analysis reveals that institutional monitoring and ownership types are key factors influencing these findings. The results remain robust to endogeneity concerns, alternative measures of crash risk and CSR reporting, the exclusions of specific sample periods and the inclusion of firm fixed effects. This study contributes to the literature by highlighting the role of CSR assurance and the choice of assurer in reducing stock price volatility.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Auditing
ISSN
1090-6738
e-ISSN
1099-1123
Volume of the periodical
29
Issue of the periodical within the volume
3
Country of publishing house
US - UNITED STATES
Number of pages
24
Pages from-to
376-399
UT code for WoS article
001448230100001
EID of the result in the Scopus database
2-s2.0-105000500989