Religious beliefs, socially responsible investment, and cost of debt: Evidence from entrepreneurial firms in India

被引：35
|
作者：
Li, Changhong [1 ]
Xu, Yuan [1 ]
Gill, Amarjit [2 ]
Haider, Zulfiquer Ali [3 ]
Wang, Yuan [3 ]
机构：
[1] Shanxi Univ, Sch Econ & Management, 92 Wucheng Rd, Taiyuan 030006, Shanxi, Peoples R China
[2] Univ Saskatchewan, Edwards Sch Business, 25 Campus Dr, Saskatoon, SK S7N 5A7, Canada
[3] Univ Manitoba, IH Asper Sch Business, 181 Freedman Crescent, Winnipeg, MB R3T 5V4, Canada
来源：
EMERGING MARKETS REVIEW | 2019年 / 38卷
关键词：
Religious beliefs; Social responsibility; Cost of debt; Entrepreneurial firms; GENDER DIFFERENCES; CORPORATE; BUSINESS; ORGANIZATIONS; PERFORMANCE; OWNERSHIP; DECISION; BEHAVIOR; IMPACT; VALUES;
D O I：
10.1016/j.ememar.2018.12.001
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We use hand-collected survey data to study the joint effect of religious beliefs and socially responsible investment on the cost of debt. We also examine the moderating effect of an entrepreneur's gender on the impacts of religious beliefs on socially responsible investment. Our results show that entrepreneurial firms with religious owners invest more in social responsibility, and those with more socially responsible investment pay a lower cost of debt. We also find that the effect of religious beliefs on socially responsible investment is stronger when the entrepreneur is female.
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页码：102 / 114
页数：13
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