eCite Digital Repository
Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia
Citation
Al Hadi, A and Chatterjee, B and Yaftian, A and Taylor, G and Hasan, MM, Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia, Accounting and Finance, 59, (2019) pp. 961-989. ISSN 1467-629X (2019) [Refereed Article]
Copyright Statement
© 2017 AFAANZ
Abstract
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
Item Details
| Item Type: | Refereed Article |
|---|---|
| Keywords: | corporate social responsibility, financial distress, corporate life cycle |
| Research Division: | Commerce, Management, Tourism and Services |
| Research Group: | Accounting, auditing and accountability |
| Research Field: | Sustainability accounting and reporting |
| Objective Division: | Commercial Services and Tourism |
| Objective Group: | Environmentally sustainable commercial services and tourism |
| Objective Field: | Environmentally sustainable commercial services and tourism not elsewhere classified |
| UTAS Author: | Chatterjee, B (Dr Bikram Chatterjee) |
| ID Code: | 135574 |
| Year Published: | 2019 |
| Web of Science® Times Cited: | 88 |
| Deposited By: | Accounting |
| Deposited On: | 2019-11-02 |
| Last Modified: | 2019-12-12 |
| Downloads: | 0 |
Repository Staff Only: item control page