Article
The internal mechanism of corporate social responsibility fulfillment affecting debt risk in China: analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage
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Abstract
This paper takes the degree of debt concentration and product market competitive advantage as intermediary variables to explore the internal mechanism of the impact of CSR fulfilment on firm debt risk. It is found that the fulfilment of CSR can reduce the debt risk of firms by dispersing the degree of debt concentration and enhancing the competitive advantage of product market. The mediating effect of the degree of debt concentration has a direct impact on the competitive advantage of a product market and is particularly obvious in private firms and firms in the eastern region of China.
Keywords
CSR fulfillment, debt risk, degree of debt concentration, product market competition advantage
Citation
Hong, C., Xuefei, P., Caiyun, C., & Alaghbari, M. (2022). The internal mechanism of corporate social responsibility fulfillment affecting debt risk in china: Analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage. Applied Mathematics and Nonlinear Sciences, 7(1), 1–14. https://doi.org/10.2478/amns.2022.1.00024
C. Hong, P. Xuefei, C. Caiyun and M. Alaghbari, “The internal mechanism of corporate social responsibility fulfillment affecting debt risk in china: Analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage,” Applied Mathematics and Nonlinear Sciences, vol. 7, no. 1, pp. 1–14, 2022, doi: 10.2478/amns.2022.1.00024.
Hong C, Xuefei P, Caiyun C, Alaghbari M. The internal mechanism of corporate social responsibility fulfillment affecting debt risk in china: Analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage. Applied Mathematics and Nonlinear Sciences. 2022;7(1):1–14. doi:10.2478/amns.2022.1.00024.
Hong, C., Xuefei, P., Caiyun, C. and Alaghbari, M. (2022), ‘The internal mechanism of corporate social responsibility fulfillment affecting debt risk in china: Analysis of intermediary transmission effect based on degree of debt concentration and product market competitive advantage’, Applied Mathematics and Nonlinear Sciences, 7(1), pp. 1–14. Available at: https://doi.org/10.2478/amns.2022.1.00024.
Hong, Chen, et al. “The Internal Mechanism of Corporate Social Responsibility Fulfillment Affecting Debt Risk in China: Analysis of Intermediary Transmission Effect Based on Degree of Debt Concentration and Product Market Competitive Advantage.” Applied Mathematics and Nonlinear Sciences, vol. 7, no. 1, 2022, pp. 1–14. https://doi.org/10.2478/amns.2022.1.00024.
Hong, Chen, Peng Xuefei, Chen Caiyun, and Mohammed Alaghbari. “The Internal Mechanism of Corporate Social Responsibility Fulfillment Affecting Debt Risk in China: Analysis of Intermediary Transmission Effect Based on Degree of Debt Concentration and Product Market Competitive Advantage.” Applied Mathematics and Nonlinear Sciences 7, no. 1 (2022): 1–14. https://doi.org/10.2478/amns.2022.1.00024.
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Published by: Engineering Journals
