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DC Field | Value | Language |
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dc.contributor.author | Uyar, A | - |
dc.contributor.author | Lodh, S | - |
dc.contributor.author | Nandy, M | - |
dc.contributor.author | Kuzey, C | - |
dc.contributor.author | Karaman, AS | - |
dc.date.accessioned | 2023-05-01T14:52:44Z | - |
dc.date.available | 2023-05-01T14:52:44Z | - |
dc.date.issued | 2023-04-02 | - |
dc.identifier | ORCID iDs: Monomita Nandy https://orcid.org/0000-0001-8191-2412 | - |
dc.identifier | 102649 | - |
dc.identifier.citation | Uyar, A. et al. (2023) 'Tradeoff between corporate investment and CSR: The moderating effect of financial slack, workforce slack, and board gender diversity', International Review of Financial Analysis, 2023, 87, 102649, pp. 1 - 25. doi: 10.1016/j.irfa.2023.102649. | en_US |
dc.identifier.issn | 1057-5219 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/26357 | - |
dc.description | Data availability: Data will be made available on request. | en_US |
dc.description.abstract | This paper investigates the existence of a tradeoff between corporate investment (i.e., tangible and intangible) and corporate social responsibility (CSR) in the presence of the moderating effects of financial slack, human resources slack, and board gender diversity. Based on an international sample of 44,129 firm-year observations between 2005 and 2019, we find that corporate investment leads to significantly lower CSR engagement in all three pillars (i.e., environmental, social, and governance). Furthermore, while financial slack positively moderates between corporate investment and CSR, human resources slack and board gender diversity negatively moderate between corporate investment and CSR. This outcome is robust in terms of endogeneity concerns, alternative sampling, alternative investment proxies, CSR regulations, and timing impacts. Hence, we find the dominance of the shareholders' perspective rather than the stakeholders' perspective. The results outline the tradeoff between corporate investment and CSR and the role of contingencies in this tradeoff relationship. | en_US |
dc.format.extent | 1 - 25 | - |
dc.format.medium | Print-Electronic | - |
dc.language.iso | en_US | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Copyright © 2023 Elsevier Ltd. All rights reserved. This is the accepted manuscript version of an article which has been published in final form at https://doi.org/10.1016/j.irfa.2023.102649, made available on this repository under a Creative Commons CC BY-NC-ND attribution licence (https://creativecommons.org/licenses/by-nc-nd/4.0/). | - |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | - |
dc.subject | corporate investment | en_US |
dc.subject | CSR | en_US |
dc.subject | financial slackHuman resources slack | en_US |
dc.subject | board gender diversity | en_US |
dc.title | Tradeoff between corporate investment and CSR: The moderating effect of financial slack, workforce slack, and board gender diversity | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1016/j.irfa.2023.102649 | - |
dc.relation.isPartOf | International Review of Financial Analysis | - |
pubs.publication-status | Accepted | - |
pubs.volume | 87 | - |
dc.identifier.eissn | 1873-8079 | - |
dc.rights.holder | Elsevier Ltd. | - |
Appears in Collections: | Brunel Business School Embargoed Research Papers |
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