Corporate social responsibility fulfilment, product-market competition and debt risk: Evidence from China

被引：5
|
作者：
Chen Hong [1 ,2 ]
Peng Xuefei [3 ]
Chen Caiyun [4 ]
机构：
[1] Yunnan Univ Finance & Econ, Accounting Sch, Kunming 650221, Yunnan, Peoples R China
[2] Zhaotong Univ, Zhaotong 657000, Yunnan, Peoples R China
[3] Yunnan Univ Finance & Econ, Business Sch, Kunming 650221, Yunnan, Peoples R China
[4] Wuhan Polytech Univ, Sch Management, Wuhan 430023, Hubei, Peoples R China
来源：
APPLIED MATHEMATICS AND NONLINEAR SCIENCES | 2022年 / 7卷 / 01期
基金：
中国国家自然科学基金;
关键词：
CSR fulfilment; debt risk; product-market competition; stratification impact; FINANCIAL RATIOS; PREDICTION; BANKRUPTCY; DISTRESS; HAZARD;
D O I：
10.2478/amns.2021.2.00163
中图分类号：
O29 [应用数学];
学科分类号：
070104 ;
摘要：
Based on the financial data for Chinese A-share companies listed in the Shanghai and Shenzhen stock exchanges and the corporate social responsibility (CSR) score data published in the Hexun website(double dagger)from 2010 to 2019, we carried out an empirical study and found that CSR fulfilment helps to restrain debt risk faced by firms, and that product-market competition can promote the inhibitory effect of CSR fulfilment on debt risk. The further study found that CSR fulfilment of monetary capital layer and human capital layer on debt risk will be significantly stronger than that of social capital layer.
引用
收藏
页码：985 / 1000
页数：16
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