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Huq, A. M., Hartwig, F., Bai, W. & Rudholm, N. (2023). Institutional Isomorphism and CSR Reporting of Small and Medium Sized Enterprises. Institute of Retail Economics
Open this publication in new window or tab >>Institutional Isomorphism and CSR Reporting of Small and Medium Sized Enterprises
2023 (English)Report (Other academic)
Abstract [en]

In this paper, we investigate the direct and indirect effects of the EU-wide mandatory CSR reporting reform (2014/95/EU). We argue and find that, in addition to direct effects, coercive pressure also has spillover effects. An example of such a spillover effect of coercive pressure due to the reform is the change in reporting behavior of firms not subject to the reform, i.e., not directly coerced by the regulation. We exploit the Swedish implementation of the reform as a natural experiment to test our hypotheses and find that firms coerced by the reform increase their CSR reporting by 3.5 issues on average. However, firms not coerced by the regulation but close to being regulated increase their CSR reporting by 5.2 issues. As such, firms close to being regulated change their behavior more at the time of the reform than do those that are actually regulated. We also find that the spillover effects are significantly higher for low than high prereform reporters. On the other hand, the direct effects on low prereform reporters are insignificant. Together, the results refine our understanding of the institutionalization process of CSR reporting in a mandatory setting. The results are robust for various model specifications and provide useful insights for regulators and managers. 

Place, publisher, year, edition, pages
Institute of Retail Economics, 2023. p. 46
Keywords
SMEs, CSR, NFRD, Isomorphism, Natural experiment, Manufacturing industry
National Category
Business Administration
Research subject
Intelligent Industry
Identifiers
urn:nbn:se:hig:diva-42207 (URN)
Available from: 2023-06-16 Created: 2023-06-16 Last updated: 2023-06-16Bibliographically approved
Huq, A. M., Hartwig, F., Bai, W. & Rudholm, N. (2023). Institutional Isomorphism and CSR Reporting of SMEs: An Analysis of Swedish Manufacturing Industry. In: : . Paper presented at 45th Annual Congress of the European Accounting Association (EAA), 24-26 May 2023, Helsinki, Finland.
Open this publication in new window or tab >>Institutional Isomorphism and CSR Reporting of SMEs: An Analysis of Swedish Manufacturing Industry
2023 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Research subject
Intelligent Industry
Identifiers
urn:nbn:se:hig:diva-40598 (URN)
Conference
45th Annual Congress of the European Accounting Association (EAA), 24-26 May 2023, Helsinki, Finland
Available from: 2023-02-09 Created: 2023-02-09 Last updated: 2023-02-16Bibliographically approved
Huq, A., Hartwig, F. & Rudholm, N. (2018). Do audited firms have lower cost of debt?.
Open this publication in new window or tab >>Do audited firms have lower cost of debt?
2018 (English)Report (Other academic)
Abstract [en]

The purpose of this study is to investigate if audited financial statements add value for firms in the private debt market. Using an instrumental variable method, we find that firms with audited financial statements, on average, save 1.26 percentage points on cost of debt compared to firms with unaudited financial statements. We also find that using the big, well-known auditing firms does not yield additional cost of debt benefits. Lastly, we find that the effect of audit on cost of debt varies between industries. As such, we find that firms in industries that have been identified in previous studies to have a more complex information structure, and therefore more complex auditing process, also save more on cost of debt relative to other industries when audited.

Publisher
p. 36
Series
HUI Working Paper ; 132
Keywords
Audit reform, Audit complexity, SMEs, Private limited firms
National Category
Business Administration
Research subject
Complex Systems – Microdata Analysis
Identifiers
urn:nbn:se:hig:diva-28501 (URN)
Available from: 2018-11-14 Created: 2018-11-14 Last updated: 2018-11-19Bibliographically approved
Projects
Klimatomställning genom strategisk ekonomistyrning. Design i beslutssituationer för att minska växthusutsläpp och att utveckla den cirkulära ekonomin
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-2952-7327

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