企业社会责任支出对银行流动性创造的非线性阈值效应:银行文化的调节作用

IF 4.8 Q1 BUSINESS
Do Khanh Hien, Nguyen Thi Hoa Hong, Hoang Gia Huy, Tang Pham Hoai Phuong, Hoang Thi To Anh, Nguyen Le Hien Thu, Nguyen Thu Thuy
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引用次数: 0

摘要

本研究考察了企业社会责任支出对银行流动性创造的非线性和阈值效应,并纳入了银行文化的调节作用。利用越南29家银行2010 - 2023年的面板数据,采用动态广义矩量法模型、动态面板阈值回归和面板向量自回归模型来揭示变量之间的关系。研究结果显示了倒u型关系,企业社会责任投资对流动性创造的积极影响达到一定阈值,超过该阈值,过度投资会降低其收益。此外,控制和创造银行文化削弱了这种联系。这些发现为银行管理者和政策制定者提供了重要的启示,强调了银行确定适当的CSRE阈值以获得最佳流动性创造效益、避免过度投资和培养合适的银行文化以调节CSRE -流动性创造关联的重要性。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Nonlinear and Threshold Effects of CSR Expenditure on Bank Liquidity Creation: The Moderating Role of Bank Culture

This study investigates the nonlinear and threshold effects of Corporate Social Responsibility expenditure (CSRE) on bank liquidity creation, incorporating the moderating role of bank culture. Using panel data from 29 Vietnamese banks from 2010 to 2023, we employ a dynamic Generalized Method of Moments model, dynamic panel threshold regression and panel vector autoregression model to uncover the relationship between variables. The findings reveal an inverted U-shaped relationship, where CSR investments positively influence liquidity creation up to a threshold, beyond which excessive investment reduces its benefits. Besides, control and create bank culture weaken this nexus. These findings offer significant implications for bank managers and policymakers by highlighting the importance of banks determining appropriate CSRE thresholds for optimal liquidity creation benefits, avoiding overinvestment and fostering suitable bank cultures to moderate CSRE—liquidity creation association.

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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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