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標題: 企業社會責任與負債資金成本之關聯性研究
A Study on the Relationship between Corporate Social Responsibility and Cost of Debt
作者: Wan-Ru Yu
關鍵字: 企業社會責任;負債資金成本;信用評等;違約風險;corporate social responsibilities;cost of debt;credit rating;default risk
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This paper studied the relationship between corporate social responsibilities and cost of debt. In addition, we also control industries because we would like to know whether the relationship will different on industries. We ranked and grouped the KLD data that was corporate social responsibilities measured in America. We merged KLD data with bond, credit rating and risk of default that we could study the relationship with corporate social responsibilities.

Empirical results showed that the relationship between corporate social responsibilities and credit rating was significant positive in high-tech and non-high-tech as well. Furthermore, corporate social responsibilities had significant negative relationship with default risk not only high-tech but non-high-tech industries. Nevertheless, the significant negative relationship between corporate social responsibilities and cost of bond existed only non-high-tech industries.
其他識別: U0005-2406201412013100
Rights: 不同意授權瀏覽/列印電子全文服務
Appears in Collections:財務金融學系所

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