Research on Financing Constraints and Corporate Value Under Financial Crisis Shock
نویسندگان
چکیده
منابع مشابه
Financial Constraints on Corporate Goodness ∗
An influential thesis, dubbed “Doing Well by Doing Good”, argues that corporate social responsibility is profitable. We establish that, if anything, the reverse is true: firms do good only when they do well in the sense of having financial slack. We model a firm’s optimal choices of capital and goodness subject to financial constraints. Lessconstrained firms spend more on goodness. We verify th...
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ژورنال
عنوان ژورنال: DEStech Transactions on Economics and Management
سال: 2016
ISSN: 2475-8868
DOI: 10.12783/dtem/icem2016/4046