Do Lenders Value Corporate Social Responsibility? Evidence from China
Drawing on risk mitigation theory, this article examines whether the improvement of firms’ social performance reduces debt financing costs (CDFs) in China, the world’s largest emerging market. Employing both the ordinary least square (OLS) and the two-stage instrumental variable regression methods,...
| Authors: | ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2011
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| In: |
Journal of business ethics
Year: 2011, Volume: 104, Issue: 2, Pages: 197 |
| Further subjects: | B
Corporate social responsibility
B Size B China B Debt financing cost B Risk Management B Corporate Philanthropy |
| Online Access: |
Volltext (lizenzpflichtig) |