The DOI matches its Crossref record; 8 of the 8 references it cites were found in a registry or an index.
Does corporate social responsibility reduce the costs of high leverage? Evidence from capital structure and product market interactions
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The empirical evidence on the relationship between a firm's ESG/CSR profile and activities and its markets, leadership, ownership characteristics, risk, performance, and value is quite mixed.
“In particular, the empirical evidence on the relationship between a firm's ESG/CSR profile and activities and its markets, leadership, ownership characteristics, risk, performance, and value is quite mixed.”
From Presidential Address: Sustainable Finance and ESG Issues— Value versus Values (2023) · cites this paper as [15]
Prior studies find relationships between a firm's environmental or social qualities and the pricing and risk of its debt.
“For example, prior studies find relationships between a firm's environmental or social qualities and the pricing and risk of its debt (e.g., Chava (2014), Bae et al. (2019), Kacperczyk and Peydro (2022), Seltzer, Starks, and Zhu (2022)).”
From Presidential Address: Sustainable Finance and ESG Issues— Value versus Values (2023) · cites this paper as Bae et al. (2019)
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Presidential Address: Sustainable Finance and ESG Issues— Value versus Values
STARKS, L. T. (2023) · The Journal of Finance · doi:10.1111/jofi.13255 · Cited by 474
Retail investors’ sensitivity to the development and promotion of CSR issues
Porzio, C., Salerno, D., & Stella, G. P. (2023) · Finance Research Letters · doi:10.1016/j.frl.2023.103642 · Cited by 20
Metadata
- Authors
- Bae, K.-H., El Ghoul, S., Guedhami, O., Kwok, C. C. Y., & Zheng, Y.
- Affiliations
- York University (CA)
- University of South Carolina (US)
- Bryant University (US)
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2019-03
- Volume
- 100
- Pages
- 135-150
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W2611723377
- Cited by
- 207
- References
- 8
- Citations by year
- 2026: 16 · 2025: 26 · 2024: 50 · 2023: 31 · 2022: 21 · 2021: 23 · 2020: 22 · 2019: 14
- FWCI
- 25.06
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Locations
- Journal of Banking & Finance (publishedVersion)
- SSRN Electronic Journal (acceptedVersion)
- Bryant Digital Repository (Bryant University) (submittedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Funders
- Social Sciences and Humanities Research Council of Canada (435-2017-1223)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Social Responsibility Reporting
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Business, Management and Accounting › Strategy and Management › Political Influence and Corporate Strategies
- Keywords
- corporate social responsibility, high leverage, capital structure, product market competition, market share loss, consumer behavior
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