Ngo, Anh; Duong, Hong Kim; Wei, Zuobao - 2023
This study examines the role of corporate social responsibility (CSR) activities in a firm’s debt and equity financing … find that high CSR firms tend to use more debt financing and less equity financing than low CSR firms. We also find … financing. Taken together, our results reveal that the effect of CSR on debt-equity choices is more pronounced in financially …