Corporate Social Responsibility and Firm Default Risk Mitigation: The Moderating Role of the Legal Context
This paper explores the impact of corporate social responsibility (CSR) on default risk in various institutional contexts. Using CSR scores and credit ratings for 1,153 firms from 45 countries, we find that CSR reduces the firm default risk level and that the effect is stronger in civil law countrie...
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| Publicat a: | URI:https://journals.openedition.org/fcs, |
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| Autors principals: | , , |
| Format: | Article ou chapitre numérique |
| Idioma: | Anglais |
| Publicat: |
Finance Contrôle Stratégie
2022
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| Matèries: | |
| Accés en línia: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |