Effects of Corporate Social Responsibility and Governance on Its Credit Ratings
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 sign...
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| Format: | Article |
| Language: | English |
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Wiley
2014-01-01
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| Series: | The Scientific World Journal |
| Online Access: | http://dx.doi.org/10.1155/2014/305452 |
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| _version_ | 1850173339259109376 |
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| author | Dong-young Kim JeongYeon Kim |
| author_facet | Dong-young Kim JeongYeon Kim |
| author_sort | Dong-young Kim |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-d3699600d8f84336956a009ac0238a0f |
| institution | OA Journals |
| issn | 2356-6140 1537-744X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | The Scientific World Journal |
| spelling | doaj-art-d3699600d8f84336956a009ac0238a0f2025-08-20T02:19:51ZengWileyThe Scientific World Journal2356-61401537-744X2014-01-01201410.1155/2014/305452305452Effects of Corporate Social Responsibility and Governance on Its Credit RatingsDong-young Kim0JeongYeon Kim1Gangdong College, Janghowon-eup, Icheon-si, Gyeonggi-do 467-900, Republic of KoreaSangmyung University, 20 Hongjimun 2-gil, Jongno-gu, Seoul 110-743, Republic of KoreaThis 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.http://dx.doi.org/10.1155/2014/305452 |
| spellingShingle | Dong-young Kim JeongYeon Kim Effects of Corporate Social Responsibility and Governance on Its Credit Ratings The Scientific World Journal |
| title | Effects of Corporate Social Responsibility and Governance on Its Credit Ratings |
| title_full | Effects of Corporate Social Responsibility and Governance on Its Credit Ratings |
| title_fullStr | Effects of Corporate Social Responsibility and Governance on Its Credit Ratings |
| title_full_unstemmed | Effects of Corporate Social Responsibility and Governance on Its Credit Ratings |
| title_short | Effects of Corporate Social Responsibility and Governance on Its Credit Ratings |
| title_sort | effects of corporate social responsibility and governance on its credit ratings |
| url | http://dx.doi.org/10.1155/2014/305452 |
| work_keys_str_mv | AT dongyoungkim effectsofcorporatesocialresponsibilityandgovernanceonitscreditratings AT jeongyeonkim effectsofcorporatesocialresponsibilityandgovernanceonitscreditratings |