Constraints on "Doing Good": Financial constraints and corporate social responsibility

被引：36
|
作者：
Leong, Chee Kian [1 ]
Yang, Yung Chiang [2 ]
机构：
[1] Univ Nottingham, Ningbo, Peoples R China
[2] Univ Coll Dublin, Singapore, Singapore
来源：
FINANCE RESEARCH LETTERS | 2021年 / 40卷
关键词：
Propensity score matching; Financial constraints; Corporate social responsibility;
D O I：
10.1016/j.frl.2020.101694
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a propensity score matched sample of firms, we find that financially constrained firms have significantly higher CSR concerns, which significantly impairs their overall CSR performance. Firms facing financial constraints may prioritize by strengthening their CSR performance in employee relations, corporate governance and the environment. Despite such prioritization, financial constraints significantly impair overall CSR performance in all CSR dimensions, except human rights.
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页数：6
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