Does auditor quality enhance CSR disclosure?
基于36个国家2009-2018年的国际样本，研究发现审计师质量越高的客户企业，其企业社会责任披露越充分，且在信息环境较差、财务报告和法律制度较弱时这一关系更显著。
We investigate the relation between auditor quality and client firms’ corporate social responsibility (CSR) disclosure. Using an international sample of firms from 36 countries over the period 2009–2018 and a measure of the extent of CSR disclosure from Bloomberg, we find strong evidence that client firms with higher quality auditors provide more CSR disclosure. In cross-sectional analyses, we show that the relation between auditor quality and CSR disclosure is accentuated when the information environment is poorer and when the financial reporting environment and the legal institutions are weaker. Lastly, we document that firms with higher quality auditors also exhibit better CSR performance. Our study extends the literature by showing that engaging a higher quality auditor has positive benefits that enhance both CSR disclosure and CSR performance.