Title : PESSIMISTIC TONE IN EARNINGS Announcement and CSR Disclosure: Exploring the Interacting Role of CEO Busyness
Authors :
- Sri Ningsih
- Harymawan Faith
- Nurul Fitriani
- Brian Lam
Department : Accounting
Journal Name : Sustainability
Types of Journal : Q1
Keywords : PESSIMISTIC TONE, EARNINGS ANNOUNCEMENT, BUSY CEO, CSR DISCLOSURE, CORPORATE SUSTAINESIANCE
ABSTRACT :
This study analyzes the relationship between the PESSIMISTIS tone in earnings announcements and CSR Disclosures interacted by CEO Busyness. This study used 191 Observations from 74 Firms listed on the Indonesia Stock Exchange and the Global Reporting Initiative (GRI) Database from 2016-2019. Grounded in Signaling Theory, we hypothesize that a PESSIMISTIC Tone in Earning Announcements will increase CSR Disclosure. We also hypothesize that busy ceos strengthen this relationship. We use the ordinary least squares to analyze and answer our hypothes. This study showed that the use of a PESSIMISTITIC tone in the income statement in the discussion report and management analysis (MD & a) is related to positive and significantly to CSR disclosure. This Study Also Found That Busy Ceos Strengthn Those Relationships. Our implications is that csr disclosure in our sample is only measured based on the information presented in the sustainability report. To the best of the author 'knowledge, this study is the first to investigate the relationship between the PESSIMISTIS tone in earnings and CSR Disclosures interacted by CEO Busyness. In addition, this study provides insight into current performance disclosure practices in md & a reports and csr reports that managers can use to safeguard the firm's reputation.
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