TY - JOUR
T1 - Constraints on “Doing Good”
T2 - Financial constraints and corporate social responsibility
AU - Leong, Chee Kian
AU - Yang, Yung Chiang
N1 - Publisher Copyright:
© 2020 Elsevier Inc.
PY - 2021/5
Y1 - 2021/5
N2 - Using a propensity score matched sample of firms, we find that financially constrained firms have significantly higher CSR concerns, which significantly impairs their overall CSR performance. Firms facing financial constraints may prioritize by strengthening their CSR performance in employee relations, corporate governance and the environment. Despite such prioritization, financial constraints significantly impair overall CSR performance in all CSR dimensions, except human rights.
AB - Using a propensity score matched sample of firms, we find that financially constrained firms have significantly higher CSR concerns, which significantly impairs their overall CSR performance. Firms facing financial constraints may prioritize by strengthening their CSR performance in employee relations, corporate governance and the environment. Despite such prioritization, financial constraints significantly impair overall CSR performance in all CSR dimensions, except human rights.
KW - Corporate social responsibility
KW - Financial constraints
KW - Propensity score matching
UR - http://www.scopus.com/inward/record.url?scp=85088380272&partnerID=8YFLogxK
U2 - 10.1016/j.frl.2020.101694
DO - 10.1016/j.frl.2020.101694
M3 - Article
AN - SCOPUS:85088380272
SN - 1544-6123
VL - 40
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 101694
ER -
