Negative Information of Corporate Social Responsibility, Financial Performance and Accounting Quality

Using Taiwanese high-tech industries as a sample, this study examines the effect of financial constraints and financial performance on corporate social responsibility (CSR) performance and the effect of CSR performance on accounting quality. Adopting CSR penalties as a proxy variable of CSR performance, this study finds that low financial leverage or high operating cash flow and return on assets may lead to a company receiving fewer CSR penalties. We also use the provision of a CSR report to measure CSR performance and then investigate how CSR affects accounting quality. The results indicate that companies that publish CSR reports have superior accounting quality than those that do not.

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