Social Networks of Firms on Corporate Social Responsibility and Financial Statement Comparability
Date
2016-08
Authors
Contributor
Advisor
Department
Instructor
Depositor
Speaker
Researcher
Consultant
Interviewer
Narrator
Transcriber
Annotator
Journal Title
Journal ISSN
Volume Title
Publisher
University of Hawaii at Manoa
Volume
Number/Issue
Starting Page
Ending Page
Alternative Title
Abstract
The first part of this dissertation investigates whether firms are more active at corporate social responsibility when they are more connected to others. Based on social network theory and legitimacy theory, this paper hypothesizes that firms, which are centrally located in social networks, tend to be more active at corporate social responsibility. The association is expected to be stronger when firms have higher profitability, or lower book-to-market ratios. Also, the relationship is predicted to be stronger under the good macroeconomic environment. Empirical analyses show that firms’ social networks are positively related with corporate social responsibility activities. The relationship is found to be stronger for profitable firms and under good economic conditions. But this study could not find interaction effects for book-to-market ratio. The second part of this study investigates the role of firms’ connectedness in issuing less comparable financial statements. Social network theory and literature find that organizations send and receive information, spread norms, and imitate other organizations’ practices via networks. Institutional theory suggests that inter-industry networks of professionals result in normative isomorphism which leads an organization to imitate other organizations’ behaviors in other industries and as a result issue less comparable financial statements. Empirical analyses show that firms, which are more centrally located in networks, tend to issue financial statements which are less comparable to industry peers’. Also, firms’ connectedness is negatively related with both cash flow comparability and accrual comparability.
Description
Keywords
Online social networks in business, Social responsibility of business, Financial statement comparability
Citation
Extent
Format
Geographic Location
Time Period
Related To
Theses for the degree of Doctor of Philosophy (University of Hawaii at Manoa). Business
Related To (URI)
Table of Contents
Rights
Rights Holder
Local Contexts
Collections
Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.