REDEFINING FERTILIZERS: EXAMINING THE BIOSTTHE IMPACT OF CSR IMAGE AND CSIR REPUTATION ON THE LIKELIHOOD OF ISSUING CASH FLOW FORECASTSIMULANT POTENTIAL OF SEAWEED AQUEOUS EXTRACTS ON KALE SEEDLING DEVELOPMENT

Abstract

This study investigates the impact of negative media coverage of a company’s corporate social responsibility practices on analysts' supply of cash flow forecasts. The research analyzed a longitudinal dataset of 50,365 firm-year observations and found that firms with a negative corporate social irresponsibility (CSIR) reputation are less likely to issue cash flow forecasts, indicating that such firms may face challenges in forecasting their future cash flows. The study contributes to the literature by revealing that various firm and industry-related variables modify the effect of CSIR's reputation, and the disaggregated dimensions of CSIR reputation consistently impact cash flow forecast issuance. Moreover, corporate social responsibility (CSR) and CSIR both affect a company's reputation and can be used as intangible information to reduce the information asymmetry gap. While previous studies have demonstrated that CSR positively impacts analysts' willingness to follow firms, less is known about the effect of CSIR on analysts' supply of cash flow forecasts