Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia
This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 perio...
Gespeichert in:
| Veröffentlicht in: | Accounting and finance (Parkville) 2019-06, Vol.59 (2), p.961-989 |
|---|---|
| Hauptverfasser: | , , , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 989 |
|---|---|
| container_issue | 2 |
| container_start_page | 961 |
| container_title | Accounting and finance (Parkville) |
| container_volume | 59 |
| creator | Al‐Hadi, Ahmed Chatterjee, Bikram Yaftian, Ali Taylor, Grantley Monzur Hasan, Mostafa |
| description | This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages. |
| doi_str_mv | 10.1111/acfi.12277 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2242009856</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2242009856</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3017-812303110eb470eb402c3b72b247dda1486a307007ad100d20412e71a3292503</originalsourceid><addsrcrecordid>eNp9kE1PwzAMhiMEEuPjwi-IxA3RYadd03KbJgaTJnHZgVuUpqmUKW1K0oH670kpZ3ywLet5besl5A5hiTGepGrMEhnj_IwsMMt5krPy45wsoEBIVmmJl-QqhCMAIIdsQezG-d55OWganDLSUq9D77pgKmPNMNJe-8b5VnZKP9LGdLGZqNqEIZKByq6OY99SaxpN1aisfqb6y9Q6KmjjXUvXp8hKa-QNuWikDfr2r16Tw_blsHlL9u-vu816n6g0vpUUyFJIEUFXGZ8SMJVWnFUs43UtMStymQIH4LJGgJpBhkxzlCkr2QrSa3I_r-29-zzpMIijO_kuXhSMZQygLFZ5pB5mSnkXgteN6L1ppR8FgpjMFJOZ4tfMCOMMfxurx39Isd5sd7PmB0UVdqE</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2242009856</pqid></control><display><type>article</type><title>Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia</title><source>EBSCOhost Business Source Complete</source><source>Access via Wiley Online Library</source><creator>Al‐Hadi, Ahmed ; Chatterjee, Bikram ; Yaftian, Ali ; Taylor, Grantley ; Monzur Hasan, Mostafa</creator><creatorcontrib>Al‐Hadi, Ahmed ; Chatterjee, Bikram ; Yaftian, Ali ; Taylor, Grantley ; Monzur Hasan, Mostafa</creatorcontrib><description>This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages.</description><identifier>ISSN: 0810-5391</identifier><identifier>EISSN: 1467-629X</identifier><identifier>DOI: 10.1111/acfi.12277</identifier><language>eng</language><publisher>Clayton: Blackwell Publishing Ltd</publisher><subject>Corporate life cycle ; Corporate social responsibility ; Economic models ; Financial distress ; Life cycles ; Social responsibility</subject><ispartof>Accounting and finance (Parkville), 2019-06, Vol.59 (2), p.961-989</ispartof><rights>2017 AFAANZ</rights><rights>Accounting and Finance © 2019 AFAANZ</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3017-812303110eb470eb402c3b72b247dda1486a307007ad100d20412e71a3292503</citedby><cites>FETCH-LOGICAL-c3017-812303110eb470eb402c3b72b247dda1486a307007ad100d20412e71a3292503</cites><orcidid>0000-0003-0504-8858</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Facfi.12277$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Facfi.12277$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,27924,27925,45574,45575</link.rule.ids></links><search><creatorcontrib>Al‐Hadi, Ahmed</creatorcontrib><creatorcontrib>Chatterjee, Bikram</creatorcontrib><creatorcontrib>Yaftian, Ali</creatorcontrib><creatorcontrib>Taylor, Grantley</creatorcontrib><creatorcontrib>Monzur Hasan, Mostafa</creatorcontrib><title>Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia</title><title>Accounting and finance (Parkville)</title><description>This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages.</description><subject>Corporate life cycle</subject><subject>Corporate social responsibility</subject><subject>Economic models</subject><subject>Financial distress</subject><subject>Life cycles</subject><subject>Social responsibility</subject><issn>0810-5391</issn><issn>1467-629X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><recordid>eNp9kE1PwzAMhiMEEuPjwi-IxA3RYadd03KbJgaTJnHZgVuUpqmUKW1K0oH670kpZ3ywLet5besl5A5hiTGepGrMEhnj_IwsMMt5krPy45wsoEBIVmmJl-QqhCMAIIdsQezG-d55OWganDLSUq9D77pgKmPNMNJe-8b5VnZKP9LGdLGZqNqEIZKByq6OY99SaxpN1aisfqb6y9Q6KmjjXUvXp8hKa-QNuWikDfr2r16Tw_blsHlL9u-vu816n6g0vpUUyFJIEUFXGZ8SMJVWnFUs43UtMStymQIH4LJGgJpBhkxzlCkr2QrSa3I_r-29-zzpMIijO_kuXhSMZQygLFZ5pB5mSnkXgteN6L1ppR8FgpjMFJOZ4tfMCOMMfxurx39Isd5sd7PmB0UVdqE</recordid><startdate>201906</startdate><enddate>201906</enddate><creator>Al‐Hadi, Ahmed</creator><creator>Chatterjee, Bikram</creator><creator>Yaftian, Ali</creator><creator>Taylor, Grantley</creator><creator>Monzur Hasan, Mostafa</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><orcidid>https://orcid.org/0000-0003-0504-8858</orcidid></search><sort><creationdate>201906</creationdate><title>Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia</title><author>Al‐Hadi, Ahmed ; Chatterjee, Bikram ; Yaftian, Ali ; Taylor, Grantley ; Monzur Hasan, Mostafa</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3017-812303110eb470eb402c3b72b247dda1486a307007ad100d20412e71a3292503</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Corporate life cycle</topic><topic>Corporate social responsibility</topic><topic>Economic models</topic><topic>Financial distress</topic><topic>Life cycles</topic><topic>Social responsibility</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Al‐Hadi, Ahmed</creatorcontrib><creatorcontrib>Chatterjee, Bikram</creatorcontrib><creatorcontrib>Yaftian, Ali</creatorcontrib><creatorcontrib>Taylor, Grantley</creatorcontrib><creatorcontrib>Monzur Hasan, Mostafa</creatorcontrib><collection>CrossRef</collection><jtitle>Accounting and finance (Parkville)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Al‐Hadi, Ahmed</au><au>Chatterjee, Bikram</au><au>Yaftian, Ali</au><au>Taylor, Grantley</au><au>Monzur Hasan, Mostafa</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia</atitle><jtitle>Accounting and finance (Parkville)</jtitle><date>2019-06</date><risdate>2019</risdate><volume>59</volume><issue>2</issue><spage>961</spage><epage>989</epage><pages>961-989</pages><issn>0810-5391</issn><eissn>1467-629X</eissn><abstract>This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm‐years’ data covering the 2007–2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages.</abstract><cop>Clayton</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/acfi.12277</doi><tpages>29</tpages><orcidid>https://orcid.org/0000-0003-0504-8858</orcidid></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0810-5391 |
| ispartof | Accounting and finance (Parkville), 2019-06, Vol.59 (2), p.961-989 |
| issn | 0810-5391 1467-629X |
| language | eng |
| recordid | cdi_proquest_journals_2242009856 |
| source | EBSCOhost Business Source Complete; Access via Wiley Online Library |
| subjects | Corporate life cycle Corporate social responsibility Economic models Financial distress Life cycles Social responsibility |
| title | Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-20T05%3A33%3A15IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Corporate%20social%20responsibility%20performance,%20financial%20distress%20and%20firm%20life%20cycle:%20evidence%20from%20Australia&rft.jtitle=Accounting%20and%20finance%20(Parkville)&rft.au=Al%E2%80%90Hadi,%20Ahmed&rft.date=2019-06&rft.volume=59&rft.issue=2&rft.spage=961&rft.epage=989&rft.pages=961-989&rft.issn=0810-5391&rft.eissn=1467-629X&rft_id=info:doi/10.1111/acfi.12277&rft_dat=%3Cproquest_cross%3E2242009856%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2242009856&rft_id=info:pmid/&rfr_iscdi=true |