Corporate Legitimacy and Investment–Cash Flow Sensitivity
This study provides novel evidence of the impact of corporate social responsibility (CSR) on investment sensitivity to cash flows. We posit that CSR affects investment–cash flow sensitivity (ICFS) through information asymmetry and agency costs, commonly viewed as the two channels through which inves...
| Authors: | ; ; ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2014
|
| In: |
Journal of business ethics
Year: 2014, Volume: 121, Issue: 2, Pages: 297-314 |
| Further subjects: | B
Corporate social responsibility
B Stakeholder Theory B Investment–cash flow sensitivity |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |