비교가능성과 사회적책임활동간의 연관성 연구

This study aims to examine the impact of comparability on Corporate Social Responsibility (CSR) disclosure by companies. Companies, as economic entities, must disclose information about their business activities to the capital market. However, in recent times, in addition to financial information, they have been sharing non-financial information with the market to enhance their value and build trust with stakeholders. Therefore, it can be predicted that companies with higher financial information quality, indicated by comparability, are more likely to exhibit this tendency. To achieve this, data from 2011 to 2019 was utilized, and comparability, which is not only a general characteristic of companies but also manifests through comparisons with other firms, was analyzed using firm-pair-year samples in addition to the traditional firm-year samples. The results confirm a significant positive relationship between comparability and CSR. This suggests that as the quality of financial information improves, companies are more likely to engage in high-quality CSR activities. Furthermore, the analysis using social contribution scores yielded similar results, showing a positive relationship between comparability and social contribution. This indicates that companies providing high-quality financial information also tend to have higher levels of social contribution. These findings suggest that companies diligently fulfilling their role as information producers in the capital market are also ethically active in society. Additionally, the use of comparability, which is based on comparisons with other companies, allowed for a more detailed analysis with unique characteristics. Therefore, this study holds significance in utilizing comparability as a basis for conducting a more comprehensive analysis.