Activities per year
Abstract
The empirical relationship between corporate social responsibility (CSR) disclosure and the cost of equity is conflicting. Various corporate governance mechanisms may moderate this relationship. However, the moderating effect of foreign ownership - a key corporate governance mechanism in many emerging countries – has not yet been examined. Our research fills this gap by analyzing a large sample of Vietnamese listed firms for the period of 2008-2013. We find that although CSR disclosure does not directly affect the cost of equity, foreign ownership plays an important moderating role by reducing the cost of equity. We also analyze state ownership and find that it neither strengthens nor weakens the relationship between CSR and the cost of equity.
Original language | English |
---|---|
Pages | 1-27 |
Publication status | Published - 10 Nov 2017 |
Event | International Conference "CSR, the Economy and Financial Markets" 2017 - Development Bank of Japan, Tokyo, Japan Duration: 11 Oct 2017 → 11 Oct 2017 |
Conference
Conference | International Conference "CSR, the Economy and Financial Markets" 2017 |
---|---|
Country/Territory | Japan |
City | Tokyo |
Period | 11/10/17 → 11/10/17 |
Keywords
- Corporate social responsibility
- Cost of equity
- Ownership
- Emerging countries
Fingerprint
Dive into the research topics of 'The Effect of Corporate Social Responsibility Disclosure on the Cost of Equity of Firms and the Moderating Role of Ownership'. Together they form a unique fingerprint.Activities
- 1 Oral presentation
-
The Effect of Corporate Social Responsibility Disclosure on the Cost of Equity of Firms and the Moderating Role of Ownership
Kabir, R. (Speaker)
10 Nov 2017Activity: Talk or presentation › Oral presentation