Corporate social responsibility and debt maturity: Australian evidence

Title: Corporate social responsibility and debt maturity: Australian evidence
Creator: Nguyen, Van Ha; Choi, Bobae; Agbola, Frank W.
Relation: Pacific Basin Finance Journal Vol. 62, Issue September 2020, no. 101374
Publisher Link: http://dx.doi.org/10.1016/j.pacfin.2020.101374
Publisher: Elsevier
Resource Type: journal article
Date: 2020
Description: This study investigates the relationship between corporate social responsibility (CSR) and debt maturity. After controlling for other determinants of debt maturity, we find that socially responsible firms exhibit longer debt maturity than other firms, supporting the view that CSR facilities firms' access to long-term debts. Further analysis shows that the effect of CSR on debt maturity is stronger for firms operating in the mining industry and firms with a higher level of information asymmetry. Our findings are robust to alternative variable measurements as well as endogeneity and sample selection bias controls.
Subject: corporate social responsibility; debt maturity; long-term debt; mining firms; information asymmetry; SDG 12; Sustainable Development Goals
Identifier: http://hdl.handle.net/1959.13/1431107
Identifier: uon:38920
Identifier: ISSN:0927-538X
Language: eng
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