Xu, Shan; Liu, Duchi; Huang, Jianbai - In: Australian Journal of Management 40 (2015) 2, pp. 245-276
This study examines the effect of corporate social responsibility (CSR) towards primary stakeholders on the cost of equity capital in Chinese listed firms, and divides the sample into state-owned enterprises (SOEs) and non-state-owned enterprises (NSOEs) for comparison. We construct a set of CSR...