Do Lenders Value Corporate Social Responsibility? Evidence from China

By Kangtao Ye, Ran Zhang. 2011

296 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f84c7e940cb46b6748b7cca44115f40fb9b5ca5b

How researchers see this paper

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

In Accounting

In Strategy and Management

Citations in the corpus

Corporate Environmental Responsibility in Polluting Industries: Does Religion Matter? (2013, background): “SIZE The natural logarithm of the total asset at the end of the year (Brammer and Pavelin 2008) ? LEV Interest-bearing debt/total asset (interest-bearing debt = short-term loan ?long-term loan ? bond payable ? long-term loan due within one year) (Hossain et al. 1994; Huang and Kung 2010; Roberts 199”
Corporate Social Responsibility and Firm Debt Maturity (2015, unknown): “Ye and Zhang (2011) provide additional support for this overinvestment hypothesis and show that improved CSR reduces the cost of debt only when CSR involvement is lower than an optimal level.”
On the Value of Corporate Social Responsibility Disclosure: An Empirical Investigation of Corporate Bond Issues in China (2018, methodology): “Whether superior CSR performance will generate more benefits depends on the view of investors, which leads to inconsistent results reported in previous research (Ye and Zhang 2011; Goss and Roberts 2011; Qian et al. 2015).”
Do environmental, social and governance performance affect the financial performance of banks? A cross-country study of emerging market banks (2019, background): “…2018; Brooks & Oikonomou, 2018; Samuel, 2017), CSR and cost of capital (Michaels & Grüning, 2017; Reverte, 2012), CSR and cost of debt (Sveva & Federica, 2017; Ye & Zhang, 2011) and CSR and risk in the company level (Benlemlih & Girerd‐Potin, 2017; Chollet & Sandwidi, 2018; Nguyen & Nguyen, 2015).”
Corporate Social Responsibility and Investment Efficiency (2016, unknown): “Ye and Zhang (2011) show similar results: CSR (as measured by the ratio of charitable giving to sales) reduces the cost of debt financing when a firm’s CSR score is lower than a specific level; exceeding this threshold, CSR increases the cost of debt financing.”
Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature (2014, unknown): “By using China market data, Ye & Zhang (2011) documented that CSR performance also reduces the cost of debt.”