The inverted U-shaped relationship between corporate social responsibility and default risk: The role of financing constraints
With increased corporate liquidity and debt repayment pressure, CSR's “insurance” role has received more attention. We conducted a comprehensive empirical analysis of 4988 listed companies in the Chinese context during 2011–2020. Our research has three findings: First, the initial increase in C...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2024-07-01
|
| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024103350 |