University of Tasmania
Browse

File(s) under permanent embargo

Corporate social responsibility performance, financial distress and firm life cycle: evidence from Australia

journal contribution
posted on 2023-05-20, 07:58 authored by Al Hadi, A, Chatterjee, B, Yaftian, A, Taylor, G, Hasan, MM
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

History

Publication title

Accounting and Finance

Volume

59

Issue

2019

Pagination

961-989

ISSN

1467-629X

Department/School

TSBE

Publisher

Wiley-Blackwell Publishing Ltd

Place of publication

United Kingdom

Rights statement

© 2017 AFAANZ

Repository Status

  • Restricted

Socio-economic Objectives

Environmentally sustainable commercial services and tourism not elsewhere classified

Usage metrics

    University Of Tasmania

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC