The impact of corporate social responsibility on the cost of bank loans

By Allen Goss, G. Roberts. 2011

1,856 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/465a897e90587d78772f809662cdd983109ef6c7

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. H. Jo
2. Omrane Guedhami
3. Sadok El Ghoul
4. M. Benlemlih
5. Isabel‐María García‐Sánchez
6. Dev R. Mishra
7. Jennifer Martínez‐Ferrero
8. Maretno Agus Harjoto

In Finance

1. M. Benlemlih
2. Sadok El Ghoul
3. Omrane Guedhami
4. Yasser Eliwa
5. Ahmed Saleh
6. Dev R. Mishra
7. Timo Busch
8. O. Weber

In Strategy and Management

1. H. Jo
2. Jennifer Martínez‐Ferrero
3. M. Benlemlih
4. Isabel‐María García‐Sánchez
5. Omrane Guedhami
6. Maretno Agus Harjoto
7. Sadok El Ghoul
8. Yongtae Kim

Citations in the corpus

• How Do Powerful CEOs View Corporate Social Responsibility (CSR)? An Empirical Note (2013, background): “minus the concerns is the composite CSR score (Goss and Roberts, 2011)”
• Does corporate social responsibility affect the cost of capital (2011, positive): “Third, it would be interesting to expand on Goss and Roberts (2011), who do not find evidence of a strong link between CSR and the cost of private debt financing, by examining whether CSR matters to corporate debt pricing.”
• Is Institutional Ownership Related to Corporate Social Responsibility? The Nonlinear Relation and Its Implication for Stock Return Volatility (2015, positive): “Several recent studies further find that CSR engagement can lower a firm’s cost of equity (e.g., Chava 2010, 2014; El Ghoul et al. 2011; Dhaliwal et al. 2011) and cost of debt (e.g., Chava 2014; Goss and Roberts 2011).”
• Corporate Social Responsibility and CEO Risk-Taking Incentives (2016, positive): “The rationale behind this instrument is that regional practices of CSR influence a firm’s social performance (Goss and Roberts, 2011).”
• Measuring the level and risk of corporate responsibility – An empirical comparison of different ESG rating approaches (2015, result): “On the contrary, the results of Chava (2014), Ghoul et al (2011) and Goss and Roberts (2011) suggest that the engagement of companies in environmental issues and, respectively, CSR significantly lower the cost of equity or debt.”
• ESG practices and the cost of debt: Evidence from EU countries (2019, background): “…ESG performance of borrowing firms when evaluating their risk profile in their lending decision model, which is consistent with previous studies (Goss & Roberts, 2011; Nandy & Lodh, 2012; Aman & Nguyen, 2013; Ge & Liu, 2015; Hasan et al., 2017; Crifo et al., 2017) and thus supports the first…”
• Corporate Social Responsibility and Firm Financial Performance: The Mediating Role of Productivity (2016, methodology): “…instead of directly gauging the impact of CSR on firm value, a line of recent research reveals that CSR participation alleviates firm financial constraints (Cheng et al. 2014) and reduces the cost of financing (Goss and Roberts 2011; Ghoul et al. 2011; Oikonomou et al. 2014; Dhaliwal et al. 2011).”
• The Effects of Corporate Social Performance on the Cost of Corporate Debt and Credit Ratings (2014, positive): “In addition, there is the study of Goss and Roberts (2011), which is also relevant as it investigates the impact of CSP on debt markets but concentrates on the cost of bank loans rather than bond yields.”