How Does Corporate Social Responsibility Affect Corporate Cash Holdings?

Yin, John; Yang, Xingquan

doi:10.1080/1540496x.2023.2212841

Cited by 4 publications

(1 citation statement)

References 14 publications

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“…Interpersonal communication in the online platform can be transformed into a real-life social relationship network, promoting social capital accumulation. In addition, leisure activities such as using digital tools to browse social news, sharing on social media, or reading online literature are critical elements in building social capital [36]. Thus, hypothesis 1 is proposed.…”

Section: Plos Onementioning

confidence: 99%

Digital literacy and farmers’ entrepreneurial behavior—Empirical analysis based on CHFS2019 micro data

Bai,

Chen,

Zhou

et al. 2023

PLoS ONE

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Farmers’ entrepreneurship is an important engine to comprehensively help promote rural revitalization. Based on data from the China Household Finance Survey (CHFS2019), this paper empirically examines the effect of digital literacy on farmers’ entrepreneurial behavior using the Probit model and instrumental variable method; and examines the mediating role of health status in this effect using the mediation effect model, combined with the Sobel and Bootstrap tests. The results of the study showed that (1) digital literacy positively influenced farmers’ entrepreneurial behavior at the 1% significant level, and this positive influence showed some differences across gender and age; (2) health status played a mediating effect in the positive influence of digital literacy on farmers’ entrepreneurial behavior. Accordingly, policy recommendations are made to foster farmers’ digital literacy, encourage farmers’ entrepreneurship, and ensure farmers’ "digital health" services.

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Section: Plos Onementioning

confidence: 99%

Digital literacy and farmers’ entrepreneurial behavior—Empirical analysis based on CHFS2019 micro data

Bai,

Chen,

Zhou

et al. 2023

PLoS ONE

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Financial statement comparability and cash holding: moderated by ESG performance in Indonesia

Soetanto,

Agustia

2024

ARA

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PurposeThe paper examines the impact of financial statement comparability on cash holding moderated by Environmental Social Governance (ESG) performance.Design/methodology/approachA panel dataset of all publicly listed Indonesian firms from 2009 to 2022, evaluated with panel data regressions controlled by year and clustered by firms was the method of study. Then, a robustness test using alternative measurements, lagged variables and additional analyses are performed.FindingsThe result shows that there is no moderating role of ESG performance on financial statement comparability toward cash holding among Indonesian firms; nonetheless, ESG performance strengthened the capacity of financial statement comparability to lower cash holding significantly for firms with high ESG performance scores and not significant otherwise. This interplay of variables is developed following the Financial Services Authority imposed ESG regulation for publicly listed firms in Indonesia. Further, the analyses reveal that higher ESG performance can help firms achieve high market-based performance and make it easier to obtain external financing, thus lowering the need to hold more cash.Originality/valueThe study highlights the effect of financial statement comparability on cash holding, particularly moderated by ESG performance in a developing country where the agency cost is high and still very rare to be scrutinized. Additionally, the study helps to know the impacts prior and post-ESG regulation imposed in Indonesia.

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The Impact of Corporate Social Responsibility on Cash Holdings: The Moderating Role of Board Gender Diversity

Metwally,

Aly,

Ali

2024

IJFS

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This research investigates the association between corporate social responsibility and cash holdings, while also exploring the moderating effect of board gender diversity on this association. The study utilizes a dataset of non-financial firms listed on the Egyptian Exchange (EGX) from 2012 to 2021, comprising a final sample of 52 firms with a total of 520 firm-year observations. A statistical analysis was performed using pooled OLS, a fixed effects regression analysis, and two-step system GMM estimations to test the research hypotheses. The results show a significant positive association between CSR and cash holdings. Further, board gender diversity is found to have a negative moderating role as it weakens the association between CSR and cash holdings. These findings are relevant for regulators, investors, and stakeholders in Egypt and other emerging markets. Companies are encouraged to prioritize gender diversity in board appointments, while regulators should track and promote female representation in all listed firms. Investors are advised to focus on boards with strong female representation and high CSR disclosure. The insights offered by this research extend the literature by examining the moderating role of gender diversity in an unexplored context, namely Egypt, which fill part of the gap in early studies.

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How Does Corporate Social Responsibility Affect Corporate Cash Holdings?

Cited by 4 publications

References 14 publications

Digital literacy and farmers’ entrepreneurial behavior—Empirical analysis based on CHFS2019 micro data

Digital literacy and farmers’ entrepreneurial behavior—Empirical analysis based on CHFS2019 micro data

Financial statement comparability and cash holding: moderated by ESG performance in Indonesia

The Impact of Corporate Social Responsibility on Cash Holdings: The Moderating Role of Board Gender Diversity

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