Corporate social responsibility engagement of financially distressed firms and their bankruptcy likelihood

Corporate Bankruptcy Prediction Model, a Special Focus on Listed Companies in Kenya

“…Moral capital shrinks bankruptcy likelihood when the firm grows more massively. Additionally, capital mitigates bankruptcy likelihood when the firm relies on intangible assets to operate and when firms operate in a more litigious business environment (Lin and Dong 2018).…”

The Effect of Islamic Social Reporting Disclosure and Company Reputation on Financial Performance with Business Ethics as a Moderating Variable

“…This is stated in Law No.40 of 2007 concerning Limited Liability Companies Chapter IV, article 66 paragraph 2c and Chapter V, article 74 related to social concerns (Asriati et al, 2016). Related to CSR itself, companies that carry out high CSR tend not to go bankrupt (Lin & Dong, 2018) and avoid the risks that will occur to the company (Frederiksen, 2018). In an Islamic perspective, this CSR activity is in the form of Islamic Social Reporting (ISR) activities (Cahya, 2018;Hadinata, 2019;Indrawaty & Wardayati, 2016;Rizfani & Lubis, 2019;Santoso & Dhiyaul-Haq, 2017).…”

Accounting for Sustainability Governance: The Enabling Role of Social and Environmental Accountability Research

“…The findings suggested that firms take on assurance to supplement the governance and monitoring function for external shareholders. Finally, Lin and Dong (2018) documented the role of corporate ESG engagement concerning business risk. The study provided empirical evidence that firms with a prior history of positive CSR engagement are less likely to file for bankruptcy when they are in deep financial distress and are more likely to experience accelerated recovery from distress.…”