hypothesis) that may explain why managers engage in corporate social responsibility (CSR). 2) We use an intuitive empirical … that managers engage in CSR to learn new relevant information from other informed stakeholders. In return, managers will … et al. 2012, 2017). The latter accounts for the extent to which stock prices reveal new information to managers that will …

reporting hypothesis: advances in CSR used by managers to safeguard their position by evading scrutiny from stakeholder …