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The Nexus Between Corporate Social Responsibility Performance and Audit Fee: The Malaysian Evidence | IEEE Conference Publication | IEEE Xplore

The Nexus Between Corporate Social Responsibility Performance and Audit Fee: The Malaysian Evidence


Abstract:

This study examines the relationship between CSR (Corporate Social Responsibility) performance and audit fee based on Malaysian market. Through on 51 Malaysian public lis...Show More

Abstract:

This study examines the relationship between CSR (Corporate Social Responsibility) performance and audit fee based on Malaysian market. Through on 51 Malaysian public listed firms over the period of 2012 to 2020, the result shows that CSR performance and audit fee has positive relationship. The evidence may indicate either 1) firms’ management utilizes CSR to extract personal benefits or as a tool to ‘greenwash’ corporate image; or 2) ethical firms demand credible financial reports and are therefore willing to incur higher audit fees for quality audit. The outcome of this study is expected to give insights to policy makers about the need to revise the sustainability reporting framework in Malaysia.
Date of Conference: 14-16 July 2023
Date Added to IEEE Xplore: 15 September 2023
ISBN Information:
Conference Location: Miri, Sarawak, Malaysia

Funding Agency:


I. Introduction

The growing interest in the field of corporate social responsibility (CSR) has caused the generation of numerous academic write-up which attempt to gauge the causes and effects of it. Previously, academician such as [18] asserts that the objective of businesses is to maximise profits for shareholders and that any additional expenditures paid for environmental conservation or socially responsible actions are therefore detrimental to firm value. Recently, however, a gale of change has blown through this philosophy. Concerns about corporate sustainability have prompted businesses to devote resources to resolve governance and environmental issues, as well as to opposing actions or activities that are detrimental to consumers or employees.

References

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