Can corporate social responsibility bias lending decisions?

  1. Andres Guiral 1
  2. Doocheol Moon 1
  3. Javier Perez-Garcia 2
  1. 1 Yonsei University
    info

    Yonsei University

    Seúl, Corea del Sur

    ROR https://ror.org/01wjejq96

  2. 2 Universidad de Alcalá
    info

    Universidad de Alcalá

    Alcalá de Henares, España

    ROR https://ror.org/04pmn0e78

Aldizkaria:
Revista española de financiación y contabilidad

ISSN: 0210-2412

Argitalpen urtea: 2016

Alea: 45

Zenbakia: 4

Orrialdeak: 466-486

Mota: Artikulua

DOI: 10.1080/02102412.2016.1240415 DIALNET GOOGLE SCHOLAR

Beste argitalpen batzuk: Revista española de financiación y contabilidad

Laburpena

Recent research suggests that the effect of Corporate Social Responsibility performance (CSRp) on firm value is conditional on its ability to influence stakeholders through customer awareness. This study extends previous research using an experiment to investigate whether the impact of CSRp ratings on lending decisions is moderated by the level of customer awareness. Results using experienced loan officers from an international commercial bank indicate that lending decisions are likely to be biased since CSRp ratings are interpreted as a signal for superior financial performance regardless of the level of customer awareness. Our findings suggest that loan officers are susceptible to further training in the correct interpretation of CSRp.

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Finantzaketari buruzko informazioa

Finantzatzaile

  • Ministry of Education of the Republic of Korea and the National Research Foundation of Korea
    • NRF-2015S1A3A2046811

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