Corporate social responsibility and zero leverage

• Main Authors: Uz Zaman, Qamar, Ehsan, Sadaf, Hassan, Mohammad Kabir, Javed, Muzhar, Ul Hassan, Syed Iftikhar
• Format: Article
• Language: English
• Published: Penerbit Universiti Kebangsaan Malaysia 2022
• Online Access: http://journalarticle.ukm.my/19398/1/jeko_561-3.pdf; http://journalarticle.ukm.my/19398/; https://www.ukm.my/jem/issue/v56i1/
• Institution: Universiti Kebangsaan Malaysia

This paper aims to investigate the link between Corporate Social Responsibility (CSR) and Zero Leverage (ZL) policy of firms. We use panel logistic multivariate regression to determine the socially responsible behavior of ZL firms and their levered counterparts. Our proxies for CSR are corporate soc...