E-resources
-
Liu, Ting-Kun
Asian economic and financial review, 2024, Volume: 14, Issue: 1Journal Article
Whether the additional costs and risks derived from investing in ESG and corporate social responsibility will have a positive or negative impact on corporate operations is an issue worthy of further study. Past works have discussed the impact of ESG and corporate social responsibility (CSR) on corporate operations, but mostly from the perspective of operating performance. The empirical results are also inconsistent, and even in the same study, there are ambiguities. Different from previous literature, this study attempts to explore this topic from the perspectives of cost and risk. Therefore, this paper constructs empirical data of Taiwan's financial industry from 2007 to 2022 to explore the impact of ESG and CSR on capital costs and business risks. In this paper, the panel data model is used to carry out an empirical estimation of the full sample and sub-sample and further verify the differences between the influencing factors. The results show that in terms of business risk, when ESG performance is good, it can alleviate the financial distress of banks and enhance the stability of business operations. It further verifies the practical application of ESG disclosure, which can effectively reduce the debt and capital cost of the banking industry.
Author
![loading ... loading ...](themes/default/img/ajax-loading.gif)
Shelf entry
Permalink
- URL:
Impact factor
Access to the JCR database is permitted only to users from Slovenia. Your current IP address is not on the list of IP addresses with access permission, and authentication with the relevant AAI accout is required.
Year | Impact factor | Edition | Category | Classification | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Select the library membership card:
If the library membership card is not in the list,
add a new one.
DRS, in which the journal is indexed
Database name | Field | Year |
---|
Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
---|
Source: Personal bibliographies
and: SICRIS
The material is available in full text. If you wish to order the material anyway, click the Continue button.