Corporate social responsibility and bank liquidity creation

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-02-17 DOI:10.1111/jfir.12322

Chen Zheng, Adrian (Wai Kong) Cheung, Junru Zhang, Imran Haider

引用次数: 1

Abstract

Under the stakeholder theory hypothesis, reputable corporate social responsibility (CSR) banks are expected to attract more loans and deposits, which in turn strengthens their ability to create liquidity. Our findings support this view. Further analyses reveal that the positive effect of CSR on liquidity creation differs depending on bank size, bank capital, and type of financial crisis. In addition, deposit growth, loan growth, lending rate, and funding rate are potential channels through which CSR influences bank liquidity creation. The findings are not driven by an endogeneity issue.

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企业社会责任与银行流动性创造

在利益相关者理论假设下，信誉良好的企业社会责任银行有望吸引更多的贷款和存款，从而增强其创造流动性的能力。我们的研究结果支持这一观点。进一步分析表明，企业社会责任对流动性创造的积极影响因银行规模、银行资本和金融危机类型而异。此外，存款增长、贷款增长、贷款利率和融资利率是企业社会责任影响银行流动性创造的潜在渠道。这些发现并不是由内生性问题驱动的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.