基地研究员何恭政副教授与合作者（Huihui Chen, School of Business Administration, Henan University of Economics and Law; Ming Zhang, School of Economics, Xiamen University, Xiamen; Qidi Zhang, Wenlan School of Business, Zhongnan University of Economics and Law）的论文“Effect of managerial ability toward corporate social responsibility on enterprise default risk” 在重要学术期刊Finance Research Letters在线发表。

Abstract:

In this study, we explore the effect of managerial ability toward corporate social responsibility (CSR) on enterprise default risk. We observe a negative correlation between CSR and enterprise default risk. Furthermore, we introduce managerial ability and analyze its effects on the default risk of enterprises with regard to implementing the CSR strategy. Studies have revealed that CEOs with higher managerial abilities can effectively capture the advantages of CSR. Our findings are robust to alternative variable measurements. In conclusion, the higher managerial ability is key proof of the effectiveness of CSR, which reduces default risk, especially during economic uncertainty. Our evidence on the effects of managerial ability toward CSR on enterprise risk default has important implications for practitioners and regulators.

Keywords: CEO; Managerial ability; Corporate social responsibility; Risk default

链接: https://doi.org/10.1016/j.frl.2023.103700

教师简介

何恭政，男，台湾元智大学博士，金融学硕士生导师，金融工程学硕士生导师。主要研究方向为公司金融、信用风险管理、企业社会责任、信息不对称风险与跨交叉学科研究，在Asia-Pacific Journal of Accounting & Economics, Corporate   Governance: An International Review, Emerging Markets Review, Energy   Economics, International Review of Economics & Finance, International   Review of Financial Analysis, Journal of Accounting, Auditing and Finance,   Journal of Business Research, Journal of Corporate Finance, Journal of   Forecasting, Pacific-Baisn Finance Journal, Review of Quantitative Finance   and Accounting等国际SSCI期刊发表40多篇，其中包含ABS商学院4星级期刊1篇，三星级期刊12篇，SSCI一区期刊17篇。此外，在国内外数十场重要学术会议进行论文宣讲，包含中国金融年会、中国金融工程年会、中国管理学年会、CICF, American Accounting Association, Asian Finance Association,   European Finance Association, Europe Financial Management Association,   Financial Management Association, Taiwan Management Institute, Western   Economic Association International等。此外，为国内外二十多家期刊进行审稿，包含Asia Pacific Journal of Management, Corporate Governance: An   International Review, Economic Modelling, Emerging Markets Finance and Trade,   Financial Innovation, Investment Analysts Journal, International Journal of   Emerging Markets, International Review of Economics and Finance, Managerial   and Decision Economics等。