scholarly journals Corporate social responsibility and access to finance

2013 ◽  
Vol 35 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Beiting Cheng ◽  
Ioannis Ioannou ◽  
George Serafeim
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Access To Finance ◽  
Corporate Social

scholarly journals Corporate Social Responsibility and Access to Finance

2011 ◽  
Author(s):  
Beiting Cheng ◽  
Ioannis Ioannou ◽  
George Serafeim
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Access To Finance ◽  
Corporate Social

scholarly journals Corporate Social Responsibility and Access to Finance

2012 ◽  
Vol 2012 (1) ◽  
pp. 10912 ◽  
Author(s):  
Ioannis Ioannou ◽  
George Serafeim ◽  
Beiting Cheng
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Access To Finance ◽  
Corporate Social

scholarly journals Do Markets Punish or Reward Corporate Social Responsibility Decoupling?

2020 ◽  
pp. 000765031989883 ◽  
Author(s):  
Isabel-María García-Sánchez ◽  
Nazim Hussain ◽  
Sana-Akbar Khan ◽  
Jennifer Martínez-Ferrero
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Cost Of Capital ◽  
Forecast Errors ◽  
Access To Finance ◽  
Market Outcomes ◽  
External Monitoring ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Relationship

This article analyzes the relationship between corporate social responsibility (CSR) decoupling and financial market outcomes. CSR decoupling refers to the gap between CSR disclosure and CSR performance. More specifically, we analyze the effect of CSR decoupling on analysts’ forecast errors, cost of capital, and access to finance. We also examine the moderating effect of forecast errors on relationships between CSR decoupling and cost of capital and access to finance. For a sample of U.S. firms consisting of 7,681 firm-year observations for the period 2006–2015, our empirical evidence supports the idea that a wider gap results in higher analysts’ forecast errors, a greater cost of capital, and reduced access to finance. In addition, our results show that forecast errors enhance the effect of the CSR decoupling on cost of capital and access to financial resources. We also note that external monitoring, in the form of greater analysts’ coverage, reduces CSR decoupling.

scholarly journals Corporate Social Responsibility and Access to Finance A Study of Firms on the Ghana Stock Exchange

2019 ◽  
Vol VOLUME 8 (2019) ◽  
pp. 206-240
Author(s):  
Anthony Adu-Asare Idun ◽  
Joshua Gamado
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Equity Capital ◽  
Working Capital ◽  
Access To Finance ◽  
Corporate Social ◽  
Ghana Stock Exchange ◽  
The Relationship ◽  
Economic Responsibility

This study investigates the relationship between corporate social responsibility (CSR) and access to finance, using data from companies listed on the Ghana Stock Exchange (GSE). The study adopted multiple regression in investigating the relationship between corporate social responsibility (CSR) in terms of profitability (measured by return on equity – ROE) and philanthropy (measured by corporate social responsibility disclosures – CSRED), and access to finance (measured by growth in equity, retained earnings, debt and working capital). Economic responsibility and access to finance measured by growth in retain earnings are negatively and insignificantly associated. Discretionary responsibility has positive and significantly relationship with growth in equity capital. Again, economic responsibility is negatively and insignificantly related to growth in debt stock, while discretionary responsibility is positively and significantly associated with growth in debt stock. Finally, economic responsibility is negatively related to growth in working capital, while discretionary responsibility is positively related to growth in working capital, but both cases are significant. The study encourages firms to embark on higher-level social responsibility since that can alleviate access to finance challenges faced by firms.

The Compelling Business Case for Corporate Social Responsibility

2011 ◽  
Author(s):  
Sara P. Weiner ◽  
Chelsea R. Willness
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Case ◽  
Corporate Social
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