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The paper aims to investigate the effects of corporate social performance (CSP) on bankruptcy likelihood in times of economic upswing. This is important because prior related literature focused on data containing times of economic crises. We measure bankruptcy likelihood with the Altman Z score...
Persistent link: https://www.econbiz.de/10014502011
This study examines whether microfinance institutions (MFIs) that serve women borrowers at the base of the economic pyramid are likely to adopt a written code of positive organizational ethics (POE). Using econometric analysis of operational and economic data of a sample of MFIs from across the...
Persistent link: https://www.econbiz.de/10010990038
two stage investor decision-making model the relationship between a firm’s innovation effort, CSR, and financial … commitment (CSR) contributes to its financial performance; (2) after controlling for investment in innovation activities, CSR … community relation dimension of CSR only affects the market-based CFP measure of firms with high innovation intensity. Copyright …
Persistent link: https://www.econbiz.de/10010989884
What allows MNCs to maintain their sustainability practices over the long-term? This is an important but under-examined question. To address this question, we investigate both the development and sustenance of sustainability practices. We use the dynamic capabilities perspective, rooted in...
Persistent link: https://www.econbiz.de/10010868072
standards. We also find that countries with a relatively low innovation record can benefit more, as compared to highly …
Persistent link: https://www.econbiz.de/10010868528
Companies increasingly recognize the importance of communicating corporate social responsibility (CSR) including their engagement toward employees, the community, the environment and other stakeholder groups to attract applicants. The positive findings on the effect of CSR on applicants'...
Persistent link: https://www.econbiz.de/10014502014
Persistent link: https://www.econbiz.de/10010989757
This study provides novel evidence of the impact of corporate social responsibility (CSR) on investment sensitivity to cash flows. We posit that CSR affects investment–cash flow sensitivity (ICFS) through information asymmetry and agency costs, commonly viewed as the two channels through which...
Persistent link: https://www.econbiz.de/10010989764