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

Chee Kian Leong; Yung Chiang Yang

doi:10.1016/j.frl.2020.101694

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

Chee Kian Leong
, Yung Chiang Yang^*

^*Corresponding author for this work

Research output: Journal Publication › Article › peer-review

68 Citations (Scopus)

Abstract

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 language	English
Article number	101694
Journal	Finance Research Letters
Volume	40
DOIs	https://doi.org/10.1016/j.frl.2020.101694
Publication status	Published - May 2021

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production
SDG 16 Peace, Justice and Strong Institutions

Free Keywords

Corporate social responsibility
Financial constraints
Propensity score matching

ASJC Scopus subject areas

Finance

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10.1016/j.frl.2020.101694

Cite this

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title = "Constraints on “Doing Good”: Financial constraints and corporate social responsibility",

abstract = "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.",

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AB - 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.

KW - Corporate social responsibility

KW - Financial constraints

KW - Propensity score matching

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DO - 10.1016/j.frl.2020.101694

M3 - Article

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JO - Finance Research Letters

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ER -

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

Abstract

UN SDGs

Free Keywords

ASJC Scopus subject areas

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