Article 1, Volume 2 Issue 1:

Is financial reporting quality related to corporate social responsability practices? Evidence from family firms

Author

Jennifer Martinez-Ferrero – (Universidad de Salamanca)

Lázaro Rodriguez-Ariza – (Universidad de Granada)

Beatriz Cuadrado-Ballesteros – (Universidad de Salamanca)

Abstract

The aim of this research is to highlight the relationship between financial reporting quality and corporate social responsibility (CSR) on the family firm sphere. Using a database of 1275 companies for the period 2002–2010 and the GMM estimator of Arellano and Bond (1991) for panel data, our results show that those companies that report high-quality financial statements promote more CSR practices. However, this relationship is weaker in family firms which support the existence of an entrenchment effect that associates greater family ownership with poor-quality information. We argue that family firms differ from non-family regarding the effect of financial reporting quality on the level of CSR practices.

El objetivo de esta investigación es resaltar la relación entre la calidad de la información financiera y la responsabilidad social corporativa (RSC) en el ámbito de la empresa familiar. Utilizando una base de datos de 1275 empresas para el período 2002–2010 y el estimador GMM de Arellano y Bond (1991) para datos de panel, nuestros resultados muestran que aquellas empresas que informan estados financieros de alta calidad promueven más prácticas de RSC. Sin embargo, esta relación es más débil en las empresas familiares que respaldan la existencia de un efecto de atrincheramiento que asocia una mayor propiedad familiar con información de baja calidad. Argumentamos que las empresas familiares difieren de las no familiares con respecto al efecto de la calidad de la información financiera en el nivel de las prácticas de RSC.

Citation

Ferrero, J., Rodríguez Ariza, L., & Cuadrado‐Ballesteros, B. (2015). Is financial reporting quality related to corporate social responsibility practices? Evidence from family firms. European Accounting and Management Review2(1), 1-45.

Figures

Keywords

  • Financial reporting quality (FRQ)
  • Earnings quality
  • Corporate social responsibility (CSR)
  • Family business

Palabras clave

  • Calidad de la información financiera (FRQ)
  • Calidad de ganancias
  • Responsabilidad social corporativa (RSE)
  • Negocio familiar

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