Corporate Social Responsibility and Financial Transparency: Evidence from Pakistan.
Corporate social responsibility disclosures are anticipated to promote financial accountability by providing transparent and improved financial statements. Various studies have analyzed the relationship with non-financial disclosures. This study investigates the association among corporate social responsibility and financial transparency. This research uses the data of top 100 non-financial firms listed on the Pakistan Stock Exchange for the year 2009-2019. Financial transparency is proxied by earnings aggressiveness and loss avoidance. CSR disclosure is measured by composing an index using 20 variables. The results depict that there exists a positive association among CSR and financial transparency. CSR promotes financial transparency and mitigates information asymmetry. It prevents the exploitation of outsiders by information advantage of insiders. Supervisor:- Dr. Amena Urooj Co-Supervisor:- Dr. Saud Ahmed Khan
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