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

Yan Leung Stephen CHEUNG, Weiqiang TAN, Wenming WANG

Research output: Contribution to journalArticle

3 Citations (Scopus)

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. Copyright © 2016 Springer Science+Business Media Dordrecht.
Original languageEnglish
Pages (from-to)505-524
JournalJournal of Business Ethics
Volume150
Issue number2
Early online dateApr 2016
DOIs
Publication statusPublished - 2018

Fingerprint

social responsibility
loan
bank
stakeholder
costs
firm
pricing
Bank loans
Costs
Stakeholder orientation
Corporate Social Responsibility
Loans
Stakeholders
science
performance
economics

Citation

Cheung, Y.-L., Tan, W., & Wang, W. (2018). National stakeholder orientation, corporate social responsibility, and bank loan cost. Journal of Business Ethics, 150(2), 505-524. doi: 10.1007/s10551-016-3140-8

Keywords

  • Corporate social responsibility
  • Bank loan pricing
  • National stakeholder orientation