Thursday, 28 July 2011
CSR conscious companies have better access to finance ?
This is under examination in a recent Harvard paper by B.Cheng, I. Ioannou and G. Serafeim.
Authors investigate “whether superior performance on corporate social responsibility (CSR) strategies leads to better access to finance, hypothesizing that better access to finance can be attributed to reduced agency costs, due to enhanced stakeholder engagement through CSR and reduced informational asymmetries, due to increased transparency through non-financial reporting." To read the complete paper use this link.