Corporate Social Responsibility and Cash Holdings
These authors contributed equally.
- 10.2991/assehr.k.211209.152How to use a DOI?
- China; corporate social responsibility; cash holdings; domestic enterprises; non-state-owned enterprise
In this paper, we focus on discussing the relationship between corporate social responsibility and cash holdings in China stock market. We can draw conclusions based on corporate social responsibility in China’s domestic enterprises, the value of corporate cash holdings and corporate cash holdings for the influence of corporate social responsibility. That is, the improvement of social responsibility can significantly lower the value of enterprises and cash holdings. Non-state-owned corporate cash holdings in the value of social responsibility mechanism of performance are particularly prominent. The proposed method to solve the problem is to use hypothetical and empirical methods to prove the relationship between corporate social responsibility and cash holdings. The results obtained in this research include that research on the relationship between optimal cash holding and corporate social responsibility. It is found that the level of corporate cash holding will be reflected in the improvement of corporate social responsibility performance. It is believed that enterprises with high corporate social responsibility have a better reputation and public praise and can better obtain financing, so they tend to have low cash holdings, reducing the cost of cash holdings and financing. Corporate social responsibility and corporate cash holdings are substitutes for each other.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Kaixing Wang AU - Qi’an Sun PY - 2021 DA - 2021/12/15 TI - Corporate Social Responsibility and Cash Holdings BT - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021) PB - Atlantis Press SP - 930 EP - 936 SN - 2352-5428 UR - https://doi.org/10.2991/assehr.k.211209.152 DO - 10.2991/assehr.k.211209.152 ID - Wang2021 ER -