The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings
Open accessAbstract
This study investigates the differential impact that various dimensions of corporate social performance have on the pricing of corporate debt as well as the assessment of the credit quality of specific bond issues. The empirical analysis, based on an extensive longitudinal data set, suggests that overall, good performance is rewarded and corporate social transgressions are penalized through lower and higher corporate bond yield spreads, respectively. Similar conclusions can be drawn when focusing on either the bond rating assigned to a specific debt issue or the probability of it being considered to be an asset of speculative grade.
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Cites
Corporate Social and Financial Performance: A Meta-Analysis
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003) · Organization Studies · doi:10.1177/0170840603024003910 · Cited by 7,641
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
Jensen (Deceased), M. C., & Meckling, W. H. (1998) · doi:10.2139/ssrn.94043 · Cited by 2,749
The impact of corporate social responsibility on the cost of bank loans
Goss, A., & Roberts, G. S. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2010.12.002 · Cited by 2,101
Luo, X., & Bhattacharya, C. B. (2009) · Journal of Marketing · doi:10.1509/jmkg.73.6.198 · Cited by 962
Cited by
The effect of pro-environmental preferences on bond prices: Evidence from green bonds
Zerbib, O. D. (2019) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2018.10.012 · Cited by 1,379
How Media Coverage of Corporate Social Irresponsibility Increases Financial Risk
Kölbel, J. F., Busch, T., & Jancso, L. M. (2017) · Strategic Management Journal · doi:10.1002/smj.2647 · Cited by 682
The green advantage: Exploring the convenience of issuing green bonds
Gianfrate, G., & Peri, M. (2019) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2019.02.022 · Cited by 645
Dzomonda, O. (2022) · Sustainability · doi:10.3390/su14148863 · Cited by 64
Responsible or Thematic? The True Nature of Sustainability-Themed Mutual Funds
Ielasi, F., & Rossolini, M. (2019) · Sustainability · doi:10.3390/su11123304 · Cited by 35
Metadata
- Authors
- Oikonomou, I., Brooks, C., & Pavelin, S.
- Venue
- Financial Review
- Publisher
- Wiley
- Published
- 2014-01-17
- Volume
- 49
- Issue
- 1
- Pages
- 49-75
- ISSN
- 0732-8516 (ISSN-L)
- 1540-6288
- OpenAlex
- W2116160944
- Cited by
- 452
- References
- 4
- FWCI
- 4.15
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
