The relationship between Corporate social responsibility and cost of bank loan

• Main Authors: Wang, Hui Ying, 王慧穎
• Other Authors: Twu, Mia
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/52470231990994868041

碩士 === 國立政治大學 === 財務管理研究所 === 104 === This research mainly analyzes the effect of corporate social responsibility to banking relationships, credit ratings and the cost of bank loans. Moreover, this paper discuss whether corporate social responsibility has insurance-like effects when companies face with economics depression. This research use all listed companies in year 2007-2015 and define winners of the Corporate Citizenship Award conferred by Common Wealth Magazine as companies with CSR. We finally find out that companies with well CSR performances have multiple bankings, better credit ratings and cheaper cost of bank loans, furthermore, those companies are less influenced by the economics depression during the financial crisis of 2007-08.