CSR Engagement and Earnings Quality in Banks. The Moderating Role of Institutional Factors

Our main objective is to study whether banks that follow CSR practices enhance earnings quality. We also analyse whether differences in earnings quality that are driven by CSR engagement are affected in a complementary or substitutive manner by levels of investor protection and bank regulation for financial institutions across countries. To test our predictions, we use a sample of 877 observations, corresponding to 159 banks from 9 countries,...