Matches in SemOpenAlex for { <https://semopenalex.org/work/W3126059509> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W3126059509 abstract "We examine the impact of corporate social responsibility (CSR) activities on loan spreads of syndicated bank loans, with a particular interest in how CSR and credit ratings are interrelated as a joint determinant of loan spreads. Focusing on private debt contracts, we show that both CSR strengths and concerns are related to their loan spreads. CSR strengths work to lower firm risk, hence reducing the loan spread, whereas CSR concerns increase firm risk, thus increasing the loan spread. Once we include detailed credit rating information in the models, however, CSR concerns lose significance, but CSR strengths remain significantly related to the loan spread. We also find that both CSR strengths and CSR concerns are related to loan spread for non-rated firms, but the CSR concern effect is stronger than the CSR strength effect for these firms. A further test shows that firm risk measured by stock return volatility plays as a direct channel through which a firm’s CSR activities affect loan spreads, whose result lends further support to our main results. Overall, our results provide strong evidence that CSR matters to the pricing of loan contracts beyond credit rating information and the results remain robust to the possible firm size effect and the endogeneity issues." @default.
- W3126059509 created "2021-02-01" @default.
- W3126059509 creator A5000410232 @default.
- W3126059509 creator A5001814581 @default.
- W3126059509 creator A5085654709 @default.
- W3126059509 date "2017-01-01" @default.
- W3126059509 modified "2023-09-27" @default.
- W3126059509 title "Corporate Social Responsibility, Credit Rating, and Private Debt Contracting: New Evidence from Syndicated Loan Market" @default.
- W3126059509 doi "https://doi.org/10.2139/ssrn.2939853" @default.
- W3126059509 hasPublicationYear "2017" @default.
- W3126059509 type Work @default.
- W3126059509 sameAs 3126059509 @default.
- W3126059509 citedByCount "0" @default.
- W3126059509 crossrefType "journal-article" @default.
- W3126059509 hasAuthorship W3126059509A5000410232 @default.
- W3126059509 hasAuthorship W3126059509A5001814581 @default.
- W3126059509 hasAuthorship W3126059509A5085654709 @default.
- W3126059509 hasConcept C10138342 @default.
- W3126059509 hasConcept C120527767 @default.
- W3126059509 hasConcept C121955636 @default.
- W3126059509 hasConcept C141261163 @default.
- W3126059509 hasConcept C144133560 @default.
- W3126059509 hasConcept C149782125 @default.
- W3126059509 hasConcept C158725981 @default.
- W3126059509 hasConcept C162324750 @default.
- W3126059509 hasConcept C165339153 @default.
- W3126059509 hasConcept C18903297 @default.
- W3126059509 hasConcept C205208723 @default.
- W3126059509 hasConcept C2229670 @default.
- W3126059509 hasConcept C2776931825 @default.
- W3126059509 hasConcept C2777764128 @default.
- W3126059509 hasConcept C610760 @default.
- W3126059509 hasConcept C71387314 @default.
- W3126059509 hasConcept C73283319 @default.
- W3126059509 hasConcept C86803240 @default.
- W3126059509 hasConceptScore W3126059509C10138342 @default.
- W3126059509 hasConceptScore W3126059509C120527767 @default.
- W3126059509 hasConceptScore W3126059509C121955636 @default.
- W3126059509 hasConceptScore W3126059509C141261163 @default.
- W3126059509 hasConceptScore W3126059509C144133560 @default.
- W3126059509 hasConceptScore W3126059509C149782125 @default.
- W3126059509 hasConceptScore W3126059509C158725981 @default.
- W3126059509 hasConceptScore W3126059509C162324750 @default.
- W3126059509 hasConceptScore W3126059509C165339153 @default.
- W3126059509 hasConceptScore W3126059509C18903297 @default.
- W3126059509 hasConceptScore W3126059509C205208723 @default.
- W3126059509 hasConceptScore W3126059509C2229670 @default.
- W3126059509 hasConceptScore W3126059509C2776931825 @default.
- W3126059509 hasConceptScore W3126059509C2777764128 @default.
- W3126059509 hasConceptScore W3126059509C610760 @default.
- W3126059509 hasConceptScore W3126059509C71387314 @default.
- W3126059509 hasConceptScore W3126059509C73283319 @default.
- W3126059509 hasConceptScore W3126059509C86803240 @default.
- W3126059509 hasLocation W31260595091 @default.
- W3126059509 hasOpenAccess W3126059509 @default.
- W3126059509 hasPrimaryLocation W31260595091 @default.
- W3126059509 hasRelatedWork W1993553879 @default.
- W3126059509 hasRelatedWork W2084727029 @default.
- W3126059509 hasRelatedWork W2166315388 @default.
- W3126059509 hasRelatedWork W2258082848 @default.
- W3126059509 hasRelatedWork W2314213107 @default.
- W3126059509 hasRelatedWork W2475958162 @default.
- W3126059509 hasRelatedWork W2573163678 @default.
- W3126059509 hasRelatedWork W2598767870 @default.
- W3126059509 hasRelatedWork W2761700540 @default.
- W3126059509 hasRelatedWork W2768472225 @default.
- W3126059509 hasRelatedWork W2792946472 @default.
- W3126059509 hasRelatedWork W2793898222 @default.
- W3126059509 hasRelatedWork W2944841156 @default.
- W3126059509 hasRelatedWork W3085507077 @default.
- W3126059509 hasRelatedWork W3087039069 @default.
- W3126059509 hasRelatedWork W3122191009 @default.
- W3126059509 hasRelatedWork W3122664333 @default.
- W3126059509 hasRelatedWork W3124804337 @default.
- W3126059509 hasRelatedWork W3165045809 @default.
- W3126059509 hasRelatedWork W2906265479 @default.
- W3126059509 isParatext "false" @default.
- W3126059509 isRetracted "false" @default.
- W3126059509 magId "3126059509" @default.
- W3126059509 workType "article" @default.