文献类型：期刊文献

英文题名：Effect of managerial ability toward corporate social responsibility on enterprise default risk

作者：Chen, Huihui[1];Ho, Kung-Cheng[2];Zhang, Ming[3];Zhang, Qidi[4]

第一作者：陈慧慧

通讯作者：Ho, KC[1];Zhang, QD[2]

机构：[1]Henan Univ Econ & Law, Sch Business Adm, Zhengzhou, Peoples R China;[2]Guangdong Univ Finance & Econ, Inst Reg Finance, Pearl River Delta Collaborat Innovat Ctr Sci Finan, Guangzhou, Guangdong, Peoples R China;[3]Xiamen Univ, Sch Econ, Xiamen 361005, Fujian, Peoples R China;[4]Zhongnan Univ Econ & Law, Wenlan Sch Business, Wuhan, Peoples R China

第一机构：河南财经政法大学工商管理学院

通讯机构：[1]corresponding author), Guangdong Univ Finance & Econ, Inst Reg Finance, Pearl River Delta Collaborat Innovat Ctr Sci Finan, Guangzhou, Guangdong, Peoples R China;[2]corresponding author), Zhongnan Univ Econ & Law, Wenlan Sch Business, Wuhan, Peoples R China.

年份：2023

卷号：54

外文期刊名：FINANCE RESEARCH LETTERS

收录：;Scopus(收录号：2-s2.0-85148667417);WOS:【SSCI(收录号:WOS:000984826900001)】；

基金：The authors were funded by the NSFC number (71903199, 71971216), NSSFC number (19ZDA061, 19AJY027), Guangdong Provincial Department of Education Innovation Team Project (2018WCXTD001), and Innovation and Talent Base for Digital Technology and Finance, China (No. B21038).

语种：英文

外文关键词：CEO; Managerial ability; Corporate social responsibility; Risk default

摘要：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 un-certainty. Our evidence on the effects of managerial ability toward CSR on enterprise risk default has important implications for practitioners and regulators.