National stakeholder orientation, corporate social responsibility, and bank loan cost

Author(s)
Author(s)
Tan, W.
Wang, W.
Date Issued
2018
Publisher
Springer
Journal
Journal of Business Ethics
Volume
150
Issue
2
Start page
505
End page
524
Abstract
Based on a sample of firms from 20 countries around the world, this study investigates how the relationship between corporate social responsibility (CSR) and bank loan pricing is affected by the degree of national stakeholder orientation. We find that firms with superior CSR performance are more likely to enjoy lower loan costs in more stakeholder-oriented countries than are their counterparts in less stakeholder-oriented countries. This study contributes to the CSR literature by highlighting the importance of national institutional environments in determining the economic consequences of CSR practices.
URI
DOI
SFU Affiliated Publication
No
Availability at SFU Library

No database links found.