Corporate social responsibility: The case of dual-class firms
Accounting and Finance
The results of this study are descriptive of the behavior of financial statement users with respect to these fair value disclosures. The implications of this study’s findings are useful for both accounting standard-setters and preparers of financial statements. Taken together, these findings suggest that the market does not respond to the SFAS No. 107 fair value disclosures at their face value alone or without considering their context. Specifically, it appears to look to other factors that may impact the relevance and/or reliability of these disclosures.
Diallo, A., Hanson, R. C., & Zhang, Y. (2013). Corporate social responsibility: The case of dual-class firms. International Research Journal of Applied Finance, 4(2), 242–262.