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,...

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Autori: Ye, Kangtao (Autore) ; Zhang, Ran (Autore)
Tipo di documento: Elettronico Articolo
Lingua:Inglese
Verificare la disponibilità: HBZ Gateway
Interlibrary Loan:Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany)
Pubblicazione: 2011
In: Journal of business ethics
Anno: 2011, Volume: 104, Fascicolo: 2, Pagine: 197
Altre parole chiave:B Corporate social responsibility
B Size
B China
B Debt financing cost
B Risk Management
B Corporate Philanthropy
Accesso online: Volltext (lizenzpflichtig)