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

Vanya Rusinova; Georg Wernicke

doi:10.5465/AMBPP.2016.246

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

Vanya Rusinova
, Georg Wernicke

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

338 Downloads (Pure)

Abstract

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.

Original language	English
Title of host publication	Proceedings of the Seventy-sixth Annual Meeting of the Academy of Management : Making Organizations Meaningful
Editors	John Humphreys
Number of pages	6
Place of Publication	Briar Cliff Manor, NY
Publisher	Academy of Management
Publication date	2016
Pages	1700-1705
Article number	17174
DOIs	https://doi.org/10.5465/AMBPP.2016.246
Publication status	Published - 2016
Event	The Academy of Management Annual Meeting 2016: Making Organizations Meaningful - Anaheim, United States Duration: 5 Aug 2016 → 9 Aug 2016 Conference number: 76 http://aom.org/annualmeeting/

Conference

Conference	The Academy of Management Annual Meeting 2016
Number	76
Country/Territory	United States
City	Anaheim
Period	05/08/2016 → 09/08/2016
Internet address	http://aom.org/annualmeeting/

Series	Academy of Management Proceedings
ISSN	2151-6561

UN SDGs

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

SDG 12 Responsible Consumption and Production

Keywords

Causality
Corporate Social Responsiblity
Financial constraints

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Cite this

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title = "Access to Finance and Corporate Social Responsibility: Evidence from a Natural Experiment",

abstract = "We provide causal evidence that investments into CSR are affected by firms{\textquoteright} 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.",

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note = "The Academy of Management Annual Meeting 2016 ; Conference date: 05-08-2016 Through 09-08-2016",

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Rusinova, V & Wernicke, G 2016, Access to Finance and Corporate Social Responsibility: Evidence from a Natural Experiment. in J Humphreys (ed.), Proceedings of the Seventy-sixth Annual Meeting of the Academy of Management: Making Organizations Meaningful., 17174, Academy of Management, Briar Cliff Manor, NY, Academy of Management Proceedings, pp. 1700-1705, The Academy of Management Annual Meeting 2016, Anaheim, United States, 05/08/2016. https://doi.org/10.5465/AMBPP.2016.246

Access to Finance and Corporate Social Responsibility: Evidence from a Natural Experiment. / Rusinova, Vanya; Wernicke, Georg.
Proceedings of the Seventy-sixth Annual Meeting of the Academy of Management: Making Organizations Meaningful. ed. / John Humphreys. Briar Cliff Manor, NY: Academy of Management, 2016. p. 1700-1705 17174 (Academy of Management Proceedings).

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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