The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost
碩士 === 國立高雄第一科技大學 === 金融系碩士班 === 105 === Credit rating is an important investment reference for investors. This paper is to investigate the impact of corporate social responsibility on credit ratings and the equity capital cost in China. There are totally 223 observations from 2012 to 2016. In gener...
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ndltd-TW-105NKIT06670022017-06-04T04:40:59Z http://ndltd.ncl.edu.tw/handle/84197037906325307112 The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost 企業社會責任對信用評等和權益資金成本之影響 Wu, Yan-Jhen 吳晏甄 碩士 國立高雄第一科技大學 金融系碩士班 105 Credit rating is an important investment reference for investors. This paper is to investigate the impact of corporate social responsibility on credit ratings and the equity capital cost in China. There are totally 223 observations from 2012 to 2016. In general, it is difficult for the listed companies to upgrade the credit ratings through the better performance of corporate social responsibility. However, companies with moderate risk have the opportunity to improve the credit rating level by using the responsibility management and social responsibility strategies. In addition, the company has the chance to reduce the equity capital cost by promoting the social responsibility. High-risk companies are more able to rely on the management of market responsibility to enhance the credit rating. And companies with moderate equity capital cost have more opportunities to lower the equity capital cost by implementing the social responsibility. Lee, Yi-Hsi Wang, Yu-Shan 李宜熹 王友珊 2017 學位論文 ; thesis 45 zh-TW |
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碩士 === 國立高雄第一科技大學 === 金融系碩士班 === 105 === Credit rating is an important investment reference for investors. This paper is to investigate the impact of corporate social responsibility on credit ratings and the equity capital cost in China. There are totally 223 observations from 2012 to 2016. In general, it is difficult for the listed companies to upgrade the credit ratings through the better performance of corporate social responsibility. However, companies with moderate risk have the opportunity to improve the credit rating level by using the responsibility management and social responsibility strategies. In addition, the company has the chance to reduce the equity capital cost by promoting the social responsibility. High-risk companies are more able to rely on the management of market responsibility to enhance the credit rating. And companies with moderate equity capital cost have more opportunities to lower the equity capital cost by implementing the social responsibility.
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author2 |
Lee, Yi-Hsi |
author_facet |
Lee, Yi-Hsi Wu, Yan-Jhen 吳晏甄 |
author |
Wu, Yan-Jhen 吳晏甄 |
spellingShingle |
Wu, Yan-Jhen 吳晏甄 The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
author_sort |
Wu, Yan-Jhen |
title |
The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
title_short |
The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
title_full |
The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
title_fullStr |
The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
title_full_unstemmed |
The Impact of Corporate Social Responsibility on Credit Ratings and the Equity Capital Cost |
title_sort |
impact of corporate social responsibility on credit ratings and the equity capital cost |
publishDate |
2017 |
url |
http://ndltd.ncl.edu.tw/handle/84197037906325307112 |
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