Corporate social responsibility and financial constraints: Evidence from Korean firms
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Choi, S.B. | - |
dc.contributor.author | Kawk, Y.M. | - |
dc.date.accessioned | 2021-09-05T00:00:03Z | - |
dc.date.available | 2021-09-05T00:00:03Z | - |
dc.date.created | 2021-06-17 | - |
dc.date.issued | 2015 | - |
dc.identifier.issn | 1088-6931 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/95945 | - |
dc.description.abstract | This paper examines the relationship between corporate social responsibility (CSR) and corporate financial constraints by using a sample 1,584 firm-years of Korea during 2002-2011. We measure corporate social responsibility by both an equal-weighted CSR index and a stakeholder-weighted CSR index suggested by Akpinar et al.(2008) and Choi et al.(2010). Corporate financial constraints are measured by KZ index suggested by Kaplan and Zingales(1997). We find a negative and significant relationship between corporate financial constraints and the stakeholder-weighted CSR index, but not the equal-weighted CSR index. This finding implies that only CSR strategies with which stakeholders are prioritized can provide a positive impact upon the firm's ability to access finance in capital market. © 2015 Global Business and Finance Association. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | People and Global Business Association | - |
dc.title | Corporate social responsibility and financial constraints: Evidence from Korean firms | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Choi, S.B. | - |
dc.identifier.doi | 10.17549/gbfr.2015.20.2.15 | - |
dc.identifier.scopusid | 2-s2.0-84951805820 | - |
dc.identifier.bibliographicCitation | Global Business and Finance Review, v.20, no.2, pp.15 - 26 | - |
dc.relation.isPartOf | Global Business and Finance Review | - |
dc.citation.title | Global Business and Finance Review | - |
dc.citation.volume | 20 | - |
dc.citation.number | 2 | - |
dc.citation.startPage | 15 | - |
dc.citation.endPage | 26 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.identifier.kciid | ART002090683 | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | scopus | - |
dc.subject.keywordAuthor | Corporate financial constraints | - |
dc.subject.keywordAuthor | Corporate social responsibility | - |
dc.subject.keywordAuthor | Korea | - |
dc.subject.keywordAuthor | KZ index | - |
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