Is corporate social responsibility an agency problem?
This chapter examines whether CSR investments occur mostly in firms with severe agency problems, which suggests that CSR is an agency issue. We demonstrate that this is not the case: CSR investments and performance are higher when dividends are high, leverage is high, cash flows and cash holdings ar...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6532 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7531/viewcontent/_9781786432629___Research_Handbook_of_Finance_and_Sustainability__Is_corporate_social_responsibility_an_agency_problem_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |