Corporate Social Responsibility Disclosure and the Value of Cash Holdings

This study investigates whether corporate social responsibility (CSR) reports mitigate the value destruction associated with increases in cash holdings. We find that the issuance of a standalone CSR report increases the marginal value of cash holdings and this effect is more pronounced for firms in...

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Veröffentlicht in:	The European accounting review 2017-10, Vol.26 (4), p.729-753
Hauptverfasser:	Lu, Louise Yi, Shailer, Greg, Yu, Yangxin
Format:	Artikel
Sprache:	eng
Schlagworte:	Cash management Corporate responsibility Disclosure Social responsibility Sustainability reporting
Online-Zugang:	Volltext
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