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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

DOI: doi:10.1111/acfi.12277

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:10
Deposited By:Accounting and Corporate Governance
Deposited On:2019-11-02
Last Modified:2019-12-12
Downloads:0

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