New Management Science Data Have Been Reported by Researchers at University of Hamburg (A Risk Management Perspective On Csr and the Marginal Cost of Debt: Empirical Evidence From Europe)

2020 MAY 22 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Science Daily -- New research on Science - Management Science is the subject of a report. According to news reporting originating from Hamburg, Germany, by NewsRx editors, the research stated, “This article investigates the association between CSR and marginal credit costs of European companies. We provide instance for a negative association based on a variety of model specifications and fine-grained measures for CSR.”

Financial support for this research came from Projekt DEAL.

Our news editors obtained a quote from the research from the University of Hamburg, “These results can be explained in light of the increasing relevance of socially responsible investors for financing costs of companies. We further apply the risk management perspective on CSR to the credit market and show that the insurance-like property of CSR is especially relevant for companies in relative financial distress as measured by the interest coverage ratio. This study also examines the association between CSR assurance and credit costs and provides evidence that creditors reward non-financial insurance by reduced required rate of returns.”

According to the news editors, the research concluded: “Finally, we contribute to the corporate governance literature by modelling the association between different board characteristics and credit costs.”

For more information on this research see: A Risk Management Perspective On Csr and the Marginal Cost of Debt: Empirical Evidence From Europe. Review of Managerial Science, 2020;():. Review of Managerial Science can be contacted at: Springer Heidelberg, Tiergartenstrasse 17, D-69121 Heidelberg, Germany. (Springer - www.springer.com; Review of Managerial Science - http://www.springerlink.com/content/1863-6683/)

The news editors report that additional information may be obtained by contacting O. Kordsachia, University of Hamburg, Fac Business Econ & Social Sci, Dept. of Socioeconomics, Renzelstr 7, D-20146 Hamburg, Germany.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s11846-020-00392-2. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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