Affiliation:
1. School of Economics and Management Xi'an University of Technology Xi'an Shaanxi China
2. School of Public Policy and Administration Northwestern Polytechnical University Xi'an China
Abstract
This paper presents empirical evidence regarding the impact of corporate social responsibility (CSR) readability on investor responses to CSR performance. The findings suggest that higher CSR performance contributes to increased share returns and trading volume, and CSR readability amplifies this effect. Investors are optimistic about companies with easy‐to‐read CSR reports due to the strong association of CSR performance with financial performance. Companies with CSR activities should take steps to regulate and improve the readability of CSR reports.
Subject
Management of Technology and Innovation,Management Science and Operations Research,Strategy and Management,Business and International Management