| dc.contributor.author | Srivastava, Jagriti | |
| dc.contributor.author | Sampath, Aravind | |
| dc.contributor.author | Gopalakrishnan, Balagopal | |
| dc.date.accessioned | 2022-07-25T09:23:26Z | |
| dc.date.available | 2022-07-25T09:23:26Z | |
| dc.date.issued | 2022-07-14 | |
| dc.identifier.citation | Srivastava, J., Sampath, A., & Gopalakrishnan, B. (2022). Is ESG the key to unlock debt financing during the COVID-19 pandemic? International evidence. Finance Research Letters, 103125. | en_US |
| dc.identifier.issn | 1544-6123 | |
| dc.identifier.uri | http://hdl.handle.net/11718/25754 | |
| dc.description.abstract | In this article, we examine whether stakeholder engagement impacts firms’ ability to raise debt during the COVID-19 pandemic. Using firm-level data from 51 countries, we find that firms with greater stakeholder engagement obtain higher debt financing during the COVID-19 pandemic. This effect is more pronounced for riskier firms, highlighting the importance of maintaining relationships with stakeholders. Moreover, we find that stakeholder engagement facilitates higher debt financing for less asset-intensive firms and firms in emerging economies. Our empirical analysis reinforces the role of firms’ stakeholder engagement in mitigating the adverse impact of economic shocks. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier | en_US |
| dc.relation.ispartof | Finance Research Letters | en_US |
| dc.subject | CSR | en_US |
| dc.subject | ESG | en_US |
| dc.subject | Stakeholder | en_US |
| dc.subject | COVID-19 | en_US |
| dc.subject | Debt financing | en_US |
| dc.title | Is ESG the key to unlock debt financing during the COVID-19 pandemic? international evidence☆ | en_US |
| dc.type | Article | en_US |
