Goss, Allen; Roberts, Gordon S. - In: Journal of Banking & Finance 35 (2011) 7, pp. 1794-1810
This study examines the link between corporate social responsibility (CSR) and bank debt. Our focus on banks exploits their specialized role as delegated monitors of the firm. Using a sample of 3996 loans to US firms, we find that firms with social responsibility concerns pay between 7 and 18...