van der Laan Smith, Joyce; Adhikari, Ajay; Tondkar, … - In: Journal of Accounting and Public Policy 29 (2010) 2, pp. 177-192
We examine the impact of corporate social disclosure (CSD) on investment behavior in the US, Japan, France, and Sweden using stakeholder theory as the underlying framework for our analysis. We find that there is a significant difference in investors' reactions to CSD across countries. Using a...