22
OCT
2018
14:15
- 15:45
IWH Research Seminar
Financial Constraints and Corporate Environmental Responsibility
Who
Martin R. Götz
(Goethe-Universität Frankfurt am Main, House of Finance)
Where
IWH conference room
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.
