Can Internal Audit Make Corporate Social Responsibility Performance Better?——Dual perspectives of quality and efficiency
Based on the dual perspectives of quality and efficiency,the mechanism of internal auditing's impact on corporate social responsibility(CSR)is tested and analyzed in this paper.The empirical results show the following findings.First,internal audit quality can promote CSR performance,but internal audit efficiency does the opposite.Second,the mechanism test finds that internal audit can influence CSR performance through management overconfidence and information transparency.Meanwhile,internal audit quality can contribute to the role of CSR in adding long-term corporate value.Third,heterogeneity analyses based on economic size and internal and external corporate governance mechanisms indicate that when a company enjoys better corporate resources,operates in a better macroeconomic environment,its board directors are more experienced in finance and accounting,or its investors pay more attention to internal audit,the effect of the quality improvement of internal auditing on CSR performance is more pronounced.The findings supplement the empirical evidences on the influence mechanism of internal auditing on CSR,and have important managerial insights and practical values for enhancing CSR performance.
internal auditaudit efficiencycorporate social responsibility
NETL
NSTL
万方数据
