Corporate Social Responsibility and Credit Ratings

By Najah Attig, Sadok El Ghoul, Omrane Guedhami, Jungwon Suh. Journal of Business Ethics, 2013

727 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a3ed750480bf6d01e8fec2573cdc443aad998e44

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Citations in the corpus

The impact of corporate social performance on the cost of debt and access to debt financing for listed European non-financial firms (2017, methodology): “To do that, following previous literature, we included in our model the control variable Performance defined as Income before Extraordinary Items at time t divided for Sales at time t (Attig et al., 2013; Ge & Liu, 2015; Hoepner et al., 2016).”
Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter? (2018, background): “, 2015), credit ratings (Attig et al., 2013), and tax avoidance (Huseynov and Klamm, 2012; Hoi et al.”
When ESG meets AAA: The effect of ESG rating changes on stock returns (2021, neutral): “Furthermore, Jiraporn et al. (2014) and Attig et al. (2013) evidence that firms practising corporate social responsibility enjoy higher conventional credit ratings.”
Inside the ESG Ratings: (Dis)Agreement and Performance (2020, neutral): “Attig et al. (2013) find evidence, on the basis of MSCI ESG STATS, that firms with good social performance benefit from relatively high ratings provided by credit rating agencies.”
Corporate Social Responsibility and Investment Efficiency (2016, positive): “As instruments, we use the initial level of a firm’s CSR score (CSR_INI, Attig et al. 2013), and the industry-year average of overall CSR scores (CSR_IND, El Ghoul et al. 2011).”
Firm Internationalization and Corporate Social Responsibility (2014, positive): “Following their approach, we include long-term institutional ownership (LTIO) because previous research shows that long-term institutional investors play a role in corporate governance (e.g., Attig et al. 2013a).”
Understanding the Impact of ESG Practices in Corporate Finance (2021, background): “In academia, Attig, Ghoul, Guedhami, and Suh [19] found that CSR strengths and concerns affect the credit rating of companies.”
Corporate Social Responsibility and Firm Debt Maturity (2015, unknown): “Finally, in line with this literature, Attig et al. (2013) provide strong evidence that socially responsible firms have low credit risk: rating agencies are likely to use non-financial information in their evaluation of firms’ credit worthiness, and to award relatively high ratings to firms with…”
Does Corporate Social Responsibility Affect Information Asymmetry? (2016, background): “2011); CSR improves credit rating (Attig et al. 2013) and results in higher analyst forecast accuracy (Dhaliwal, et al.”
On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China (2018, background): “Attig et al. (2013) posit that credit rating agencies collect and process CSR-related information in assessing a firm’s creditworthiness. Jiraporn et al. (2014) also find that more socially responsible firms enjoy more favorable credit ratings.”