Deakin University
Browse

File(s) under permanent embargo

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

journal contribution
posted on 2019-06-01, 00:00 authored by A Al-Hadi, B Chatterjee, Ali YaftianAli Yaftian, G Taylor, M Monzur Hasan
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

Journal

Accounting and finance

Volume

59

Issue

2

Pagination

961 - 989

Publisher

Wiley

Location

London, Eng.

ISSN

0810-5391

eISSN

1467-629X

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2017, AFAANZ

Usage metrics

    Research Publications

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC