The brighter side of being socially responsible: CSR ratings and financial distress among Chinese state and non-state owned firms
We examine the effect of corporate social responsibility (CSR) quality ratings on the financial distress levels of Chinese enterprises by using the previously unexplored new China-specific Altman 'Z China Score' in the context of CSR and data from 749 firms over the 2009-2014 period. First...
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| Veröffentlicht in: | Applied economics letters 2019-02, Vol.26 (3), p.180-186 |
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| creator | Shahab, Yasir Ntim, Collins G Ullah, Farid |
| description | We examine the effect of corporate social responsibility (CSR) quality ratings on the financial distress levels of Chinese enterprises by using the previously unexplored new China-specific Altman 'Z
China
Score' in the context of CSR and data from 749 firms over the 2009-2014 period. First, we find that CSR quality ratings significantly reduce Chinese firms' distress levels. Second, we find that the ability of CSR to reduce distress levels in non-state-owned Chinese firms is higher than state-owned ones. Finally, we find similar results when we divide the data into high-low CSR ratings and levels of distress. Our results are robust to potential endogeneities. |
| doi_str_mv | 10.1080/13504851.2018.1450480 |
| format | Article |
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China
Score' in the context of CSR and data from 749 firms over the 2009-2014 period. First, we find that CSR quality ratings significantly reduce Chinese firms' distress levels. Second, we find that the ability of CSR to reduce distress levels in non-state-owned Chinese firms is higher than state-owned ones. Finally, we find similar results when we divide the data into high-low CSR ratings and levels of distress. Our results are robust to potential endogeneities.</description><identifier>ISSN: 1350-4851</identifier><identifier>EISSN: 1466-4291</identifier><identifier>DOI: 10.1080/13504851.2018.1450480</identifier><language>eng</language><publisher>London: Routledge</publisher><subject>altman Z ; China ; Companies ; Corporate Social Responsibility (CSR) quality ratings ; Economic analysis ; Economic theory ; Economics ; financial distress ; Psychological distress ; Ratings & rankings ; score ; Social responsibility ; state and non-state owned firms</subject><ispartof>Applied economics letters, 2019-02, Vol.26 (3), p.180-186</ispartof><rights>2018 Informa UK Limited, trading as Taylor & Francis Group 2018</rights><rights>2018 Informa UK Limited, trading as Taylor & Francis Group</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c541t-3f51463a14f5b374e8a12c65d7c8d5da0e9934c90b42c8091d377a208f5dbaa63</citedby><cites>FETCH-LOGICAL-c541t-3f51463a14f5b374e8a12c65d7c8d5da0e9934c90b42c8091d377a208f5dbaa63</cites><orcidid>0000-0001-5140-9453</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27923,27924</link.rule.ids></links><search><creatorcontrib>Shahab, Yasir</creatorcontrib><creatorcontrib>Ntim, Collins G</creatorcontrib><creatorcontrib>Ullah, Farid</creatorcontrib><title>The brighter side of being socially responsible: CSR ratings and financial distress among Chinese state and non-state owned firms</title><title>Applied economics letters</title><description>We examine the effect of corporate social responsibility (CSR) quality ratings on the financial distress levels of Chinese enterprises by using the previously unexplored new China-specific Altman 'Z
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China
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| ispartof | Applied economics letters, 2019-02, Vol.26 (3), p.180-186 |
| issn | 1350-4851 1466-4291 |
| language | eng |
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| source | Business Source Complete |
| subjects | altman Z China Companies Corporate Social Responsibility (CSR) quality ratings Economic analysis Economic theory Economics financial distress Psychological distress Ratings & rankings score Social responsibility state and non-state owned firms |
| title | The brighter side of being socially responsible: CSR ratings and financial distress among Chinese state and non-state owned firms |
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