Corporate Social Responsibility and Unsecured Debt: Evidence from China

Chen, Xia; Ma, Zhe; Shi, Jiayu; Tu, Bingyan; Song-tao, XU

doi:10.13106/jafeb.2020.vol7.no11.001

Cited by 5 publications

(5 citation statements)

References 45 publications

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“…Internal control has become a valuable strategic mechanism of firms' awareness of corporate social responsibility and business ethics (Chen, Ma, Shi, Tu, & Xu, 2020;Husnaini & Basuki, 2020;Tran, Lam, & Luu, 2020). It can enhance operational efficiency and effectiveness, reliability, transparency and integrity of financial statements, information usefulness and value, and compliance with laws, regulations, rules, and other related issues.…”

Section: Internal Control Effectivenessmentioning

confidence: 99%

Internal Control Effectiveness and Business Survival: Evidence from Thai Food Businesses

Phornlaphatrachakorn¹,

Kalasindhu²

2020

JAFEB

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This study aims at investigating the effects of internal control effectiveness on business survival of food businesses in Thailand through the mediators of productivity improvement and value creation. In this study, 155 food businesses in Thailand are the samples of the study. The results show that internal control effectiveness has a significant influence on productivity improvement and business survival. Productivity improvement critically affects value creation and business survival while value creation is an important determinant of business survival. However, internal control effectiveness has no relationship with value creation. Also, productivity improvement explicitly mediates the internal control effectiveness-business survival relationships. In summary, internal control effectiveness can enhance firms' sustainable competitive advantage, superior performance and long-term survival. Firms need to focus on internal control effectiveness through investing their assets and resources and utilizing their abilities, competencies and capabilities in order to continuously develop and improve their appropriate concepts and characteristics in an organization. Better internal control effectiveness definitely leads to more long-term survival. To generalize the research results, future research needs to collect data from other businesses and industries. Increased response rate of the study is important for future research to verify and confirm the research results.

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Section: Internal Control Effectivenessmentioning

confidence: 99%

Internal Control Effectiveness and Business Survival: Evidence from Thai Food Businesses

Phornlaphatrachakorn¹,

Kalasindhu²

2020

JAFEB

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“…However, this result supports the finding of Cooper and Uzun (2015) who argue that firms with strong CSR have lower costs of debt, which are especially evident in the manufacturing and financial industries. As Chen et al (2020) show that firms with good CSR practices show a strong positive effect on unsecured debt, including short‐term, long‐term, and total unsecured debt, which proves that businesses with good CSR performance can borrow more unsecured debt.…”

Section: Resultsmentioning

confidence: 87%

An application of artificial neural networks in corporate social responsibility decision making

Binh

2023

Intell Sys Acc Fin Mgmt

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SummaryNeural networks in deep learning are changing the way we interact with the world. This paper focuses on building a logit artificial neural network (ANN) and through it finds out the factors affecting the decision to join corporate social responsibility (CSR) of firms. This study contributes to suggesting new directions for research in the artificial intelligence (AI) era on the relationship between corporate governance and CSR. The dataset of 817 Taiwanese electronic firms is analyzed for the period 2014–2020. The empirical results show that when the power of the board of directors, supervisors, and CEOs are higher, firms do not choose to participate in CSR. The independent board has not yet promoted its corporate oversight of CSR participation. The decision not to participate in CSR of the firms is made when they are more equipped with the background of accounting, finance, and law. Only firms with higher debt, asset value, and profitability are willing to join CSR. These research results suggest some important points for future policy reforms towards sustainability.

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“…The banking sector is required to be administrated by better leadership to deal with financial issues. The management of financial issues can be a better strategy to achieve organizational goals [ 9 ]. The direction of any business positively and negatively could influence business performance.…”

Section: Review Of Literaturementioning

confidence: 99%

“…The regulations of the Chinese government for improving the banking sector performance are still a challenge to implement [ 9 ]. A large number of public and private sector banks are working in China, and it is difficult to achieve organizational goals.…”

Section: Introductionmentioning

confidence: 99%

The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance

Zhu,

Salman,

Kiran

et al. 2024

PLoS ONE

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The financial performance of Chinese public and private sector banks is changing over time. There is no stability in the financial performance of Chinese banks which hurts businesses and the market. The purpose of current research was to determine the influence of corporate social responsibility (CSR) on driving the sustainable financial performance of Chinese banks. From methodological perspective, data was collected from 329 banking sector employees from China to partial least square–structural equation model (PLS-SEM) is employed for data analysis. The research used SPSS 24 and Smart PLS 4 as statistical analysis tools. This research confirmed that achieving sustainability in financial performance for Chinese banks can be achieved with CSR influenced by technological innovation, ethical leadership, and government regulations. This research has statistically confirmed that transformational leadership leading to CSR with technological innovation, ethical leadership, and government regulations can make significant improvements in financial performance. The framework developed by current research is a novel contribution to the literature. The findings of this research improve the literature on the banking sector and advanced performance. Furthermore, this research has highlighted significant ways that can help the banking sector employees to improve their financial performance with sustainability.

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Corporate Social Responsibility and Unsecured Debt: Evidence from China

Cited by 5 publications

References 45 publications

Internal Control Effectiveness and Business Survival: Evidence from Thai Food Businesses

Internal Control Effectiveness and Business Survival: Evidence from Thai Food Businesses

An application of artificial neural networks in corporate social responsibility decision making

The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance

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