Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia
This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm-years' data covering the 2007-2013...
| Main Authors: | , , , , |
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| Format: | Journal Article |
| Published: |
Wiley-Blackwell Publishing Asia
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/53232 |
| _version_ | 1848759096083218432 |
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| author | Al-Hadi, A. Chatterjee, B. Yaftian, A. Taylor, Grantley Monzur Hasan, M. |
| author_facet | Al-Hadi, A. Chatterjee, B. Yaftian, A. Taylor, Grantley Monzur Hasan, M. |
| author_sort | Al-Hadi, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm-years' data covering the 2007-2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages. |
| first_indexed | 2025-11-14T09:54:27Z |
| format | Journal Article |
| id | curtin-20.500.11937-53232 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:54:27Z |
| publishDate | 2017 |
| publisher | Wiley-Blackwell Publishing Asia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-532322017-10-05T00:43:11Z Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia Al-Hadi, A. Chatterjee, B. Yaftian, A. Taylor, Grantley Monzur Hasan, M. This study examines the association between corporate social responsibility (CSR) performance and financial distress and additionally the moderating impact of firm life cycle stages on that association. Based on a sample of 651 publicly listed Australian firm-years' data covering the 2007-2013 period, our regression results show that positive CSR activity significantly reduces financial distress of the firm. In addition, the negative association between positive CSR performance and financial distress is more pronounced for firms in mature life cycle stages. Our results are robust to alternative proxy measures of financial distress, CSR performance and life cycle stages. 2017 Journal Article http://hdl.handle.net/20.500.11937/53232 10.1111/acfi.12277 Wiley-Blackwell Publishing Asia restricted |
| spellingShingle | Al-Hadi, A. Chatterjee, B. Yaftian, A. Taylor, Grantley Monzur Hasan, M. Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title | Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title_full | Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title_fullStr | Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title_full_unstemmed | Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title_short | Corporate social responsibility performance, financial distress and firm life cycle: Evidence from Australia |
| title_sort | corporate social responsibility performance, financial distress and firm life cycle: evidence from australia |
| url | http://hdl.handle.net/20.500.11937/53232 |