22
14:15 - 15:45
IWH Research Seminar
OCT
2018
14:15 - 15:45
Financial Constraints and Corporate Environmental Responsibility
This paper analyzes the effect of financial constraints on firms’ corporate social responsibility. Exploiting heterogeneity in firms’ exposure to a monetary policy shock in the U.S., which reduced financial constraints for some firms, I find that firms increase their environmental responsibility.
Who
(Goethe University Frankfurt, House of Finance)