Corporate social responsibility and dividend policy

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Corporate social responsibility and dividend policy

This study outlines and tests two corporate social responsibility (CSR) views of dividends. The first view argues that firms are likely to pay fewer dividends because CSR activities lower the cost of equity, encouraging firms to invest or hoard cash rather than to pay dividends. The second view sugg...

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Bibliographic Details
Main Authors:	Cheung, Adrian, Hu, May, Schwiebert, J.
Format:	Journal Article
Published:	Wiley-Blackwell Publishing Asia 2016
Online Access:	http://hdl.handle.net/20.500.11937/2799

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