Format

Send to

Choose Destination
ScientificWorldJournal. 2014;2014:305452. doi: 10.1155/2014/305452. Epub 2014 Oct 27.

Effects of corporate social responsibility and governance on its credit ratings.

Author information

1
Gangdong College, Janghowon-eup, Icheon-si, Gyeonggi-do 467-900, Republic of Korea.
2
Sangmyung University, 20 Hongjimun 2-gil, Jongno-gu, Seoul 110-743, Republic of Korea.

Abstract

This study reviews the impact of corporate social responsibility (CSR) and corporate governance on its credit rating. The result of regression analysis to credit ratings with relevant primary independent variables shows that both factors have significant effects on it. As we have predicted, the signs of both regression coefficients have a positive sign (+) proving that corporates with excellent CSR and governance index (CGI) scores have higher credit ratings and vice versa. The results show nonfinancial information also may have effects on corporate credit rating. The investment on personal data protection could be an example of CSR/CGI activities which have positive effects on corporate credit ratings.

PMID:
25401134
PMCID:
PMC4226046
DOI:
10.1155/2014/305452
[Indexed for MEDLINE]
Free PMC Article

Supplemental Content

Full text links

Icon for Hindawi Limited Icon for PubMed Central
Loading ...
Support Center