Wu, Shih-wei; Lin, Fengyi; Wu, Chia-ming - In: Emerging Markets Finance and Trade 50 (2014) 1S, pp. 107-120
We investigate the relationship between corporate social responsibility (CSR) and the cost of capital. In general, our results suggest that firms with CSR awards have lower cost of capital. In terms of firms' common risk factors, both book-to-market ratio and leverage are positively related to...
