Shi, Haina; Song, Byron Y.; Xu, Huifeng; Xu, Xiaodong - In: China journal of accounting research : CJAR 16 (2023) 2, pp. 1-24
Based on a quasi-natural experiment that mandates a subset of listed firms to issue standalone corporate social responsibility (CSR) reports, we examine whether mandatory CSR disclosure improves analysts' information environment. We focus on two properties of analysts' earnings forecasts:...