Constraints on “Doing Good”: Financial constraints and corporate social responsibility

Chee Kian Leong, Yung Chiang Yang

Research output: Journal PublicationArticlepeer-review

30 Citations (Scopus)


Using a propensity score matched sample of firms, we find that financially constrained firms have significantly higher CSR concerns, which significantly impairs their overall CSR performance. Firms facing financial constraints may prioritize by strengthening their CSR performance in employee relations, corporate governance and the environment. Despite such prioritization, financial constraints significantly impair overall CSR performance in all CSR dimensions, except human rights.

Original languageEnglish
Article number101694
JournalFinance Research Letters
Publication statusPublished - May 2021


  • Corporate social responsibility
  • Financial constraints
  • Propensity score matching

ASJC Scopus subject areas

  • Finance


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