22
Oct
2018
14:15
- 15:45
IWH Research Seminar
Financial Constraints and Corporate Environmental Responsibility
Who
Martin R. Götz
(Goethe University Frankfurt, 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.