Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia

By Ahmed Al-Hadi, B. Chatterjee, A. Yaftian, Grantley Taylor, Mostafa Monzur Hasan. 2019

230 citations recorded by the source corpus.

This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ad5afeed6755fa12f39b50d7539c30204ee209f8

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. S. Fosu
2. Farid Ullah
3. Collins G. Ntim
4. Ahmed A. Elamer
5. Hussein A. Abdou
6. A. Gerged

In Strategy and Management

1. S. Fosu
2. Farid Ullah
3. Collins G. Ntim

Citations in the corpus

• Environmental policy, environmental performance, and financial distress in China: Do top management team characteristics matter? (2018, methodology): “, environmental performance, as used in related studies) (Al-Hadi et al., 2017; Cai et al., 2011; Shahab et al., 2018).”