{"title":"企业社会责任对ASEAN-5高杠杆负面影响的缓解作用分析","authors":"Adrian Ade Surya, Rofikoh Rokhim","doi":"10.1016/j.apmrv.2021.10.002","DOIUrl":null,"url":null,"abstract":"<div><p>One of the ASEAN Economic Community's intentions is to direct firms in ASEAN to society-oriented development. We investigate the impact of corporate social responsibility that is moderated by high leverage to sales growth in the region of ASEAN-5. The research sample consisted of 87 firms that were listed in the stock exchange of ASEAN-5, including Indonesia, Malaysia, Singapore, Thailand, and the Philippines during the period of 2014–2018. This research found a significant positive impact of corporate social responsibility moderated by a high leverage to sales growth. This research contributes to previous research on high leverage costs literature through reviewing existing determinants of high leverage costs including additional variables such as country-level factors in the ASEAN-5 region.</p></div>","PeriodicalId":46001,"journal":{"name":"Asia Pacific Management Review","volume":"27 4","pages":"Pages 257-264"},"PeriodicalIF":5.5000,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1029313221000877/pdfft?md5=6259374cbb352046168fc3a4f61f7e2b&pid=1-s2.0-S1029313221000877-main.pdf","citationCount":"3","resultStr":"{\"title\":\"Analysis of the mitigation effects of corporate social responsibility on the negative impact of high leverage in ASEAN-5\",\"authors\":\"Adrian Ade Surya, Rofikoh Rokhim\",\"doi\":\"10.1016/j.apmrv.2021.10.002\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>One of the ASEAN Economic Community's intentions is to direct firms in ASEAN to society-oriented development. We investigate the impact of corporate social responsibility that is moderated by high leverage to sales growth in the region of ASEAN-5. The research sample consisted of 87 firms that were listed in the stock exchange of ASEAN-5, including Indonesia, Malaysia, Singapore, Thailand, and the Philippines during the period of 2014–2018. This research found a significant positive impact of corporate social responsibility moderated by a high leverage to sales growth. This research contributes to previous research on high leverage costs literature through reviewing existing determinants of high leverage costs including additional variables such as country-level factors in the ASEAN-5 region.</p></div>\",\"PeriodicalId\":46001,\"journal\":{\"name\":\"Asia Pacific Management Review\",\"volume\":\"27 4\",\"pages\":\"Pages 257-264\"},\"PeriodicalIF\":5.5000,\"publicationDate\":\"2022-12-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://www.sciencedirect.com/science/article/pii/S1029313221000877/pdfft?md5=6259374cbb352046168fc3a4f61f7e2b&pid=1-s2.0-S1029313221000877-main.pdf\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Asia Pacific Management Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1029313221000877\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia Pacific Management Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1029313221000877","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
Analysis of the mitigation effects of corporate social responsibility on the negative impact of high leverage in ASEAN-5
One of the ASEAN Economic Community's intentions is to direct firms in ASEAN to society-oriented development. We investigate the impact of corporate social responsibility that is moderated by high leverage to sales growth in the region of ASEAN-5. The research sample consisted of 87 firms that were listed in the stock exchange of ASEAN-5, including Indonesia, Malaysia, Singapore, Thailand, and the Philippines during the period of 2014–2018. This research found a significant positive impact of corporate social responsibility moderated by a high leverage to sales growth. This research contributes to previous research on high leverage costs literature through reviewing existing determinants of high leverage costs including additional variables such as country-level factors in the ASEAN-5 region.
期刊介绍：
Asia Pacific Management Review (APMR), peer-reviewed and published quarterly, pursues to publish original and high quality research articles and notes that contribute to build empirical and theoretical understanding for concerning strategy and management aspects in business and activities. Meanwhile, we also seek to publish short communications and opinions addressing issues of current concern to managers in regards to within and between the Asia-Pacific region. The covered domains but not limited to, such as accounting, finance, marketing, decision analysis and operation management, human resource management, information management, international business management, logistic and supply chain management, quantitative and research methods, strategic and business management, and tourism management, are suitable for publication in the APMR.
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