Mối quan hệ giữa thực hiện trách nhiệm xã hội, mức độ nắm giữ tiền mặt, và khả năng tài chính của các doanh nghiệp ở khu vực Châu Á
Từ khóa:
trách nhiệm xã hội, tỷ lệ nắm giữ tiền mặt, hạn chế tài chính, Châu ÁTóm tắt
Nghiên cứu này đánh giá tác động của việc thực hiện trách nhiệm xã hội đến tỷ lệ nắm giữ tiền mặt của các doanh nghiệp hoạt động ở các thị trường Châu Á trong giai đoạn 2002-2018. Sử dụng mô hình hồi quy dữ liệu bảng có kiểm soát tác động cố định của công ty, ngành và năm, kết quả nghiên cứu cho thấy các doanh nghiệp có mức độ thực hiện trách nhiệm xã hội càng cao có xu hướng nắm giữ tiền mặt càng thấp. Bên cạnh đó, nghiên cứu chỉ ra rằng hạn chế tài chính cản trở đáng kể khả năng thực hiện trách nhiệm xã hội của doanh nghiệp. Theo đó, các doanh nghiệp CSR đối mặt với tình trạng hạn chế tài chính có xu hướng nắm giữ tiền mặt nhiều hơn so với các doanh nghiệp CSR không gặp vấn đề về hạn chế tài chính.
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