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초록
영어
This study examines the relationship between the ownership of controlling shareholders and corporate social responsibility in Korea under external financial constraints. Empirical results show that a negative relationship is observed only in firms with fewer external financial constraints, while it disappears for firms with greater financial constraints. We reach a similar conclusion when we use the level of environmental management as a proxy for corporate social responsibility. These results confirm that external financial constraints act as a monitoring mechanism and mitigate the agency problem of controlling shareholders.
목차
Abstract
1. Introduction
2. Prior Literature and Hypotheses Development
3. Data and Methodology
3.1. Data
3.2. Variables
3.3. Descriptive statistics
4. Empirical Results
4.1. Univariate test
4.2. Multivariate test
5. Conclusion
References
Appendix
Table
1. Introduction
2. Prior Literature and Hypotheses Development
3. Data and Methodology
3.1. Data
3.2. Variables
3.3. Descriptive statistics
4. Empirical Results
4.1. Univariate test
4.2. Multivariate test
5. Conclusion
References
Appendix
Table
키워드
저자정보
참고문헌
자료제공 : 네이버학술정보