The internal mechanism of corporate social responsibility fulfillment affecting debt risk in China: analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage

被引：1

作者：

Chen Hong ^{[1
,2
]}

Peng Xuefei ^{[1
]}

Chen Caiyun ^{[3
]}

Alaghbari, Mohammed ^{[4
]}

机构：

[1] Yunnan Univ Finance & Econ, Accounting Sch, Kunming 650221, Yunnan, Peoples R China

[2] Zhaotong Univ, Zhaotong 657000, Yunnan, Peoples R China

[3] Wuhan Polytech Univ, Sch Management, Wuhan 430023, Hubei, Peoples R China

[4] Appl Sci Univ, Coll Adm Sci, Al Eker, Bahrain

来源：

APPLIED MATHEMATICS AND NONLINEAR SCIENCES | 2023年 / 8卷 / 01期

基金：

中国国家自然科学基金;

关键词：

CSR fulfillment; debt risk; degree of debt concentration; product market competition advantage; PERFORMANCE; PREDICTION;

D O I：

10.2478/amns.2022.1.00024

中图分类号：

O29 [应用数学];

学科分类号：

070104 ;

摘要：

This paper takes the degree of debt concentration and product market competitive advantage as intermediary variables to explore the internal mechanism of the impact of CSR fulfilment on firm debt risk. It is found that the fulfilment of CSR can reduce the debt risk of firms by dispersing the degree of debt concentration and enhancing the competitive advantage of product market. The mediating effect of the degree of debt concentration has a direct impact on the competitive advantage of a product market and is particularly obvious in private firms and firms in the eastern region of China.

引用

页码：1 / 14

页数：14