| dc.description.abstract | The purpose of this study is to explore the response of CSR scores of companies when they face negative events, and whether the earnings management is related to CSR scores. At
the same time, we also discusses the CSR aspects. This study takes all US companies included in MSCI ESG from 2017 to 2018 as samples, hoping to use earnings management to understand the reasons why CSR scores increase instead of decreasing when companies face negative events, and what aspect they invest in. The research results show that when companies are faced with negative events, CSR score will decrease significantly. However, a company that has used
earnings management for a long period of time will have relatively higher CSR scores than that used earnings management less frequently. Therefore, this study also compares the differences between these two aspects, and finds that companies with earnings management will invest
relatively less resources in the environmental aspect and relatively more resources in the governance aspect. In face of negative events, the company’s credit and reputation will be reduced. Therefore the resources should be spent on more effective and rapid aspects, so that the company’s CSR scores will be increased and the bad situation in the company will be covered up. Overall, the empirical results of this study have management and practical implications and contributions to the relationship between earnings management and the manipulation of CSR scores as well as their relationship to the CSR aspects when the companies
face the negative events. | en_US |