The value of corporate social responsibility (CSR) during financial restatements

Lu Zhang

Research output: ThesisDoctoral Thesis

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This thesis investigates the benefits of corporate social responsibility (CSR) engagement for the US firms with financial restatement during 2000-2019. The first two studies examine the impacts of CSR disclosure on analyst forecast accuracy and financial audits respectively, where CSR disclosure quality is measured using a self-constructed disclosure score. The third study focuses on CSR performance and tax aggressiveness in the context of tax-related restatements. The results suggest that restating firms' previous CSR behavior positively affects the perceptions of financial analysts, auditors, and regulators, providing insurance-like protection against adverse consequences of restatements.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
  • Shan, George, Supervisor
  • Chang, Millicent, Supervisor
  • Zhang, Junru, Supervisor, External person
Award date17 May 2021
Publication statusUnpublished - 2021


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