The impact of earnings management on the readability of Chinese CSR reports.

To test the impact of earnings management on the readability of Chinese CSR reports, we run the OLS regressions for Model (6). The regression results are listed in Columns 1 to 4 in Table 3. The dependent variable is Readability_CSR, measured as the readability of Chinese CSR reports. The post indicator variable is DA, measured as accrued earnings management. All the control variables are obtained from the CSMAR database, and t-statistics are reported in parentheses.