Fame Or Fortune? What Does Csr Assurance Bring To Firms?

In the background of recent years corporate social responsibility report and assurance rapid development, from the perspective of sociology and economics, and based the legitimacy theory, reputation theory and asymmetric information theory, this paper using empirical methods to research the results of corporate social responsibility report assurance. With the large sample data from 2008 to 2012 of Shanghai and Shenzhen A-share listed companies, the empirical study results showed that: the corporate with social responsibility report assurance does not improve the accuracy of its analyst earnings forecast, but can enhance their reputation, and to this effect, the impact of whether the assurer is accounting firm is not stable. As a breakthrough point of corporate social responsibility report assurance is a voluntary act, this paper answered corporate social responsibility report assurance can bring what and what issues were carried out by different assurer, and enriched the research in the field of corporate social responsibility, but also offers some recommendations for assurer and corporate that have social responsibility report.