Nonlinear impacts of CSR performance on firm risk: New evidence using a panel smooth threshold regression

Ibtissem Rouine, Aymen Ammari and Maria Giuseppina Bruna

Finance Research Letters, 2022, vol. 47, issue PB

Abstract: As a contribution to the academic debate on the financial, social, and organizational impacts of Corporate Social Commitment (CSC), the present paper investigates the relationship between Corporate Social Responsibility Performance (CSRP), addressed as a proxy and a signal of company's social and environmental effective commitment, and firm's total risk. Accordingly, it endorses a robust theoretical framework, hybridizing the stakeholder and the agency perspectives.

Keywords: Corporate social responsibility; Firm risk; Panel smooth threshold regression (search for similar items in EconPapers)
JEL-codes: C24 G30 L2 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:47:y:2022:i:pb:s1544612322000460

DOI: 10.1016/j.frl.2022.102721

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