Three essays on corporate finance
In the first chapter, we show that stock liquidity negatively affects firms’ corporate social responsibility (CSR) ratings. To identify the causal effect, we use the decimalization of stock trading as an exogenous shock to liquidity. The negative liquidity effect on CSR is more pronounced for firms...
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| Format: | Thesis |
| Language: | English |
| Published: |
2018
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| Online Access: | http://hdl.handle.net/10356/73350 |