Abstract
This study addresses the relevance of certain social responsibility disclosures of firms to investors by empirically assessing their impact on security returns. The results of this investigation of the information content of voluntary disclosures may provide some insight into the possible effect of signals derived from a formal measurement and reporting system. 1 Two related empirical tests of information content were conducted. The first analyzed returns for portfolios of securities selected from a broad spectrum of the market, whereas the second investigated the return performance of specific market segments. The next section of this paper discusses the social responsibility issue and reviews the literature. The following sections delineate the theoretical framework and methodology employed, depict the results of the tests, and draw conclusions and implications from the study.
Keywords
Relevance (law)AccountingContent (measure theory)Corporate social responsibilitySocial responsibilityBusinessContent analysisEmpirical researchSecurity marketSection (typography)Actuarial sciencePublic relationsFinancePolitical scienceSociologyAdvertisingStatisticsLaw
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Publication Info
- Year
- 1978
- Type
- article
- Volume
- 16
- Issue
- 2
- Pages
- 270-270
- Citations
- 260
- Access
- Closed
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Cite This
Robert W. Ingram
(1978).
An Investigation of the Information Content of (Certain) Social Responsibility Disclosures.
Journal of Accounting Research
, 16
(2)
, 270-270.
https://doi.org/10.2307/2490567
Identifiers
- DOI
- 10.2307/2490567