CSR Performance and the Value of Cash Holdings: International Evidence
Using a worldwide sample, we examine whether corporate social responsibility (CSR) performance has an impact on the value of cash holdings. We find that investors assign a higher value to cash held by firms that have a high CSR rating. This result is consistent with the idea that CSR policies are a...
| Authors: | ; |
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| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer Science + Business Media B. V
2017
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| In: |
Journal of business ethics
Year: 2017, Volume: 140, Issue: 2, Pages: 263-284 |
| Further subjects: | B
M14
B Corporate social responsibility B Value of cash B Investor Protection B G32 B G34 B Cash holdings |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |