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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Main Authors: | , , , |
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Format: | article |
Language: | EN |
Published: |
MDPI AG
2021
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Subjects: | |
Online Access: | https://doaj.org/article/f97fa57a868043fa80d6114c6b9c4177 |
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