Corporate social responsibility, credit rating, and private debt contracting: new evidence from syndicated loan market

2017 ◽  
Vol 50 (1) ◽  
pp. 261-299 ◽  
Author(s):  
Sung C. Bae ◽  
Kiyoung Chang ◽  
Ha-Chin Yi
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Credit Rating ◽  
Private Debt ◽  
Debt Contracting ◽  
Loan Market ◽  
Syndicated Loan Market ◽  
Syndicated Loan ◽  
Corporate Social ◽  
New Evidence

New Evidence on the Role of the Media in Corporate Social Responsibility

2016 ◽  
Vol 154 (4) ◽  
pp. 1051-1079 ◽  
Author(s):  
Sadok El Ghoul ◽  
Omrane Guedhami ◽  
Robert Nash ◽  
Ajay Patel
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
The Media ◽  
Corporate Social ◽  
New Evidence

Do Korean chaebols practice noblesse oblige? Evidence from their CSR activities

2021 ◽  
Vol 10 (1) ◽  
pp. 45-57
Author(s):  
Denis Yongmin Joe ◽  
Jiyoung Lee ◽  
Frederick Dongchuhl Oh
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Credit Rating ◽  
Economic Justice ◽  
Corporate Social

This study analyzes the corporate social responsibility (CSR) activities of the Korean chaebols to establish whether these firms engage in social duties and practice noblesse oblige. To measure the extent of the CSR activities, we use the index of the Korean Economic Justice Institute (KEJI) from 2005 to 2017. We find that the level of the CSR activity among chaebol firms with weak governance is low. Moreover, we show that chaebol firms with credit rating concerns reduce their CSR activities. Overall, our results indicate that Korean chaebols tend to neglect the CSR activities.

scholarly journals New Evidence on the Relationship Between Corporate Social Responsibility and the Use of Equity Capital

2021 ◽  
Vol 25 (2) ◽  
pp. 200
Author(s):  
Mohammed Benlemlih ◽  
Mohammad Bitar ◽  
Elias Erragragui ◽  
Jonathan Peillex
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Equity Capital ◽  
Corporate Social ◽  
New Evidence ◽  
The Relationship

scholarly journals Effects of Corporate Social Responsibility Disclosure on Brand Value: An analysis of Interbrand Companies

2021 ◽  
Vol 16 (6) ◽  
pp. 17
Author(s):  
Giovanni Zampone ◽  
Natalia Aversano ◽  
Giuseppe Sannino
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Brand Value ◽  
Environmental Disclosure ◽  
Corporate Social Responsibility Disclosure ◽  
Starting Point ◽  
Growing Body ◽  
Corporate Social ◽  
New Evidence ◽  
Governance Disclosure

The paper aims at investigating how CSR (Corporate Social Responsibility) and ESG (Environmental, Social and Governance) disclosure affect the brand value of a sample of Interbrand companies. Empirically results show that the brand value is positively related to the environmental disclosure, social disclosure, and ESG disclosure, whereas no significant correlation has been found for the governance disclosure. This study provides new evidence to the growing body of literature that identifies CSR as a means of improving the company’s brand value and can represent a starting point in the discussion on the reputational benefits of CSR practices.

scholarly journals The Impact of Corporate Social Responsibility on Regulatory Comment Letters: Evidence from Iran

2022 ◽  
Vol 25 (1) ◽  
pp. 58-75
Author(s):  
Reza Hesarzadeh
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Written Responses ◽  
Additional Information ◽  
Governance Quality ◽  
Corporate Governance Quality ◽  
Corporate Social ◽  
The Impact ◽  
New Evidence ◽  
To Receive

Securities commissions regularly review corporate reports, and if the review reveals a possible deficiency— such as a potential accounting error— or requires further clarifications, they send the company a comment letter (CL), including a request for providing written responses and relative additional information. Current study aims to examine whether and how corporate social responsibility (CSR) affects CLs. This empirical study is based on a sample of 437 Iranian firm year observations from 2011 to 2017. Results show that firms with more CSR are less likely to receive CL, that more CSR does not influence the association of managerial misbehavior and CLs, and that the negative association between CSR and CLs is stronger among firms facing higher environmental information asymmetry and firms having higher corporate governance quality. Collectively, this paper contributes to the literature by providing new evidence on the beneficial effect of CSR in the context of CLs. Las comisiones de valores revisan periódicamente los informes de las empresas, y si la revisión revela una posible deficiencia -como un posible error contable- o se requiere más aclaraciones, envían a la empresa una carta de comentarios (CL), que incluye una solicitud de respuesta por escrito y la relativa información adicional. El presente estudio pretende examinar si la Responsabilidad Social de las Empresas (RSE) afecta a las cartas de comentarios y cómo lo hace. Este estudio empírico se basa en una muestra de 437 observaciones anuales de empresas iraníes desde 2011 hasta 2017. Los resultados muestran que las empresas con más RSC tienen menos probabilidades de recibir CL y que más RSC no influye en la asociación entre mal comportamiento de los directivos y CL. También se pone de manifiesto que la asociación negativa entre RSC y CL es más fuerte entre las empresas que enfrentan una mayor asimetría de información ambiental y las empresas que tienen una mayor calidad de gobierno corporativo. En conjunto, este trabajo contribuye a la literatura aportando nuevas pruebas sobre el efecto beneficioso de la RSC en el contexto de las CL.

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