Matches in SemOpenAlex for { <https://semopenalex.org/work/W2907745090> ?p ?o ?g. }
- W2907745090 endingPage "652" @default.
- W2907745090 startingPage "644" @default.
- W2907745090 abstract "We examine the impact of a corporate social responsibility (CSR) rating announcement on the credit default swap (CDS) spreads of European firms. Our results indicate that a CSR rating upgrade leads to an immediate and significant decrease in CDS spreads of rated firms. In contrast, CSR rating downgrades do not have a significant immediate impact on the CDS market. Additionally, better CSR ratings, in terms of both the overall score and the scores for the three main CSR pillars (economic, environmental, and social), lead to lower CDS spreads. Therefore, we document that the CSR rating is a measure of CSR performance that affects market CDS prices. Our findings are consistent with the risk mitigation view, highlighting the benefits derived from CSR commitment. Consequently, CSR engagement can function as a tool for improving firm's creditworthiness. This result may provide an incentive to pay more attention to CSR in managerial, regulatory, and investment decisions." @default.
- W2907745090 created "2019-01-11" @default.
- W2907745090 creator A5030403241 @default.
- W2907745090 creator A5050679065 @default.
- W2907745090 creator A5053211348 @default.
- W2907745090 date "2018-12-27" @default.
- W2907745090 modified "2023-10-16" @default.
- W2907745090 title "Do corporate social responsibility ratings affect credit default swap spreads?" @default.
- W2907745090 cites W172274565 @default.
- W2907745090 cites W1738524706 @default.
- W2907745090 cites W1783800763 @default.
- W2907745090 cites W1899858220 @default.
- W2907745090 cites W1968095861 @default.
- W2907745090 cites W1998529070 @default.
- W2907745090 cites W2007778791 @default.
- W2907745090 cites W2043139620 @default.
- W2907745090 cites W2049032053 @default.
- W2907745090 cites W2054750458 @default.
- W2907745090 cites W2055061420 @default.
- W2907745090 cites W2064353332 @default.
- W2907745090 cites W2106978637 @default.
- W2907745090 cites W2116160944 @default.
- W2907745090 cites W2132993269 @default.
- W2907745090 cites W2143597561 @default.
- W2907745090 cites W2163129476 @default.
- W2907745090 cites W2167364945 @default.
- W2907745090 cites W2329093592 @default.
- W2907745090 cites W2333049154 @default.
- W2907745090 cites W2424222599 @default.
- W2907745090 cites W2598767870 @default.
- W2907745090 cites W2611071679 @default.
- W2907745090 cites W2762887254 @default.
- W2907745090 cites W2763832024 @default.
- W2907745090 cites W2789599440 @default.
- W2907745090 cites W2795278713 @default.
- W2907745090 cites W3121464887 @default.
- W2907745090 cites W3121769053 @default.
- W2907745090 cites W3122220309 @default.
- W2907745090 cites W3122984577 @default.
- W2907745090 cites W3123180752 @default.
- W2907745090 cites W3123517231 @default.
- W2907745090 cites W3124070742 @default.
- W2907745090 cites W3124090698 @default.
- W2907745090 cites W3125203185 @default.
- W2907745090 cites W3125209744 @default.
- W2907745090 cites W3125250305 @default.
- W2907745090 cites W4206228369 @default.
- W2907745090 doi "https://doi.org/10.1002/csr.1709" @default.
- W2907745090 hasPublicationYear "2018" @default.
- W2907745090 type Work @default.
- W2907745090 sameAs 2907745090 @default.
- W2907745090 citedByCount "43" @default.
- W2907745090 countsByYear W29077450902019 @default.
- W2907745090 countsByYear W29077450902020 @default.
- W2907745090 countsByYear W29077450902021 @default.
- W2907745090 countsByYear W29077450902022 @default.
- W2907745090 countsByYear W29077450902023 @default.
- W2907745090 crossrefType "journal-article" @default.
- W2907745090 hasAuthorship W2907745090A5030403241 @default.
- W2907745090 hasAuthorship W2907745090A5050679065 @default.
- W2907745090 hasAuthorship W2907745090A5053211348 @default.
- W2907745090 hasConcept C10138342 @default.
- W2907745090 hasConcept C141261163 @default.
- W2907745090 hasConcept C144133560 @default.
- W2907745090 hasConcept C15744967 @default.
- W2907745090 hasConcept C17744445 @default.
- W2907745090 hasConcept C178350159 @default.
- W2907745090 hasConcept C2776035688 @default.
- W2907745090 hasConcept C30589699 @default.
- W2907745090 hasConcept C39549134 @default.
- W2907745090 hasConcept C46312422 @default.
- W2907745090 hasConcept C69637215 @default.
- W2907745090 hasConcept C73283319 @default.
- W2907745090 hasConcept C99821215 @default.
- W2907745090 hasConceptScore W2907745090C10138342 @default.
- W2907745090 hasConceptScore W2907745090C141261163 @default.
- W2907745090 hasConceptScore W2907745090C144133560 @default.
- W2907745090 hasConceptScore W2907745090C15744967 @default.
- W2907745090 hasConceptScore W2907745090C17744445 @default.
- W2907745090 hasConceptScore W2907745090C178350159 @default.
- W2907745090 hasConceptScore W2907745090C2776035688 @default.
- W2907745090 hasConceptScore W2907745090C30589699 @default.
- W2907745090 hasConceptScore W2907745090C39549134 @default.
- W2907745090 hasConceptScore W2907745090C46312422 @default.
- W2907745090 hasConceptScore W2907745090C69637215 @default.
- W2907745090 hasConceptScore W2907745090C73283319 @default.
- W2907745090 hasConceptScore W2907745090C99821215 @default.
- W2907745090 hasIssue "3" @default.
- W2907745090 hasLocation W29077450901 @default.
- W2907745090 hasOpenAccess W2907745090 @default.
- W2907745090 hasPrimaryLocation W29077450901 @default.
- W2907745090 hasRelatedWork W1989399889 @default.
- W2907745090 hasRelatedWork W2105279866 @default.
- W2907745090 hasRelatedWork W2150534940 @default.
- W2907745090 hasRelatedWork W2468139217 @default.
- W2907745090 hasRelatedWork W2783964584 @default.
- W2907745090 hasRelatedWork W2809786660 @default.
- W2907745090 hasRelatedWork W2910343235 @default.