Corporate Social Responsibility and Firm Liquidity Risk: U.S. Evidence

In this study, we empirically investigate whether and to what extent corporate social responsibility (CSR) may affect firm liquidity risk. We define liquidity risk as the covariance between market-wide liquidity shocks and individual firms’ stock returns and employ two methods to estimate firm liqui...

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Bibliographic Details
Main Authors: Hong Zhao, Zixuan Jiao, Jianrong Wang, Amina Kamar
Format: article
Language:EN
Published: MDPI AG 2021
Subjects:
Online Access:https://doaj.org/article/f97fa57a868043fa80d6114c6b9c4177
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