Access to Finance and Corporate Social Responsibility: Evidence from a Natural Experiment

Vanya Rusinova, Georg Wernicke

    Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

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    Abstrakt

    We provide causal evidence that investments into CSR are affected by firms’ prior financial performance. To establish causality, we make use of the exogenous variation in firm-level financial constraints induced by the passage of the AJCA of 2004. We further examine the sensitivity of CSR investments to financial constraints.
    OriginalsprogEngelsk
    TitelProceedings of the Seventy-sixth Annual Meeting of the Academy of Management : Making Organizations Meaningful
    RedaktørerJohn Humphreys
    Antal sider6
    Udgivelses stedBriar Cliff Manor, NY
    ForlagAcademy of Management
    Publikationsdato2016
    Sider1700-1705
    Artikelnummer17174
    DOI
    StatusUdgivet - 2016
    BegivenhedThe Academy of Management Annual Meeting 2016: Making Organizations Meaningful - Anaheim, USA
    Varighed: 5 aug. 20169 aug. 2016
    Konferencens nummer: 76
    http://aom.org/annualmeeting/

    Konference

    KonferenceThe Academy of Management Annual Meeting 2016
    Nummer76
    LandUSA
    ByAnaheim
    Periode05/08/201609/08/2016
    Internetadresse
    NavnAcademy of Management Proceedings
    ISSN2151-6561

    Emneord

    • Causality
    • Corporate Social Responsiblity
    • Financial constraints

    Citationsformater

    Rusinova, V., & Wernicke, G. (2016). Access to Finance and Corporate Social Responsibility: Evidence from a Natural Experiment. I J. Humphreys (red.), Proceedings of the Seventy-sixth Annual Meeting of the Academy of Management: Making Organizations Meaningful (s. 1700-1705). [17174] Briar Cliff Manor, NY: Academy of Management. Academy of Management Proceedings https://doi.org/10.5465/AMBPP.2016.246