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- W1519180520 abstract "This study examines corporate social performance (CSP) in firms that restate their financial statements and, using a match pair design, compares their performance to firms that do not restate their financial statements. Utilizing a randomized block design (two years prior to the<br />restatement and two years after the restatement) for a sample of 44 U.S. firms, we found that CSP Strengths, CSP Weaknesses, CSP People Strengths, and CSP People Weaknesses all increased after restatement <br />though weaknesses increased at a greater rate than strengths. Additionally, using panel data and a match pair design we found, we found<br />that restating firms had a greater increase in CSP Strengths, CSP Weaknesses, CSP Product Strengths, CSP People Strengths and a greater decrease in Total CSP People than non-restating firms after the restatement period. When comparing the relationships between CSP and<br />financial performance (FP), we found that the positive relationship between<br />ROA and CSP Strengths is greater for restatement firms than non-restating firms. In particular, we find that this positive relationship is a result of the People dimension of CSP, in particular CSP People Strengths.<br /><br />" @default.
- W1519180520 created "2016-06-24" @default.
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- W1519180520 date "2008-06-30" @default.
- W1519180520 modified "2023-10-18" @default.
- W1519180520 title "Corporate Social Performance, Financial Performance for Firms that Restate Earnings" @default.
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- W1519180520 doi "https://doi.org/10.22164/isea.v2i1.27" @default.
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