| dc.contributor | 財管系 | |
| dc.creator (作者) | 陳聖賢 | |
| dc.creator (作者) | Chen, Sheng-Syan | |
| dc.creator (作者) | Chang, Ching-Hung | |
| dc.creator (作者) | Chen, Yan-Shing | |
| dc.creator (作者) | Peng, Shu-Cing | |
| dc.date (日期) | 2019-06 | |
| dc.date.accessioned | 4-Oct-2019 16:16:29 (UTC+8) | - |
| dc.date.available | 4-Oct-2019 16:16:29 (UTC+8) | - |
| dc.date.issued (上傳時間) | 4-Oct-2019 16:16:29 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/126733 | - |
| dc.description.abstract (摘要) | We show that socially responsible firms use cash as a commitment device to honor implicit commitments to stakeholders. Firms with better social performance hold higher cash balances, especially for firms with social performance related to stakeholders or requiring cash spending. This relation is also stronger for firms that benefit more from social performance, e.g., firms that face more competition in product and labor markets. Social performance related to stakeholders or requiring cash spending increases the marginal value of cash. | |
| dc.format.extent | 1408538 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Journal of Corporate Finance, Vol.56, pp.364-387 | |
| dc.subject (關鍵詞) | Corporate social responsibility ; Cash holdings ; Stakeholder theory ; Value of cash | |
| dc.title (題名) | Commitment to Build Trust by Socially Responsible Firms: Evidence from Cash Holdings | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jcorpfin.2019.03.004 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jcorpfin.2019.03.004 | |
