Social Responsibility, Media Attention, and Financial Risk of Real Estate Enterprises
Publication: ICCREM 2023
ABSTRCT
Social responsibility and media attention play important roles in the sustainable development of real estate enterprises. Based on stakeholder theory and information asymmetry theory, this paper analyzes the relationship between social responsibility and financial risk of real estate enterprises and the effect of media attention, and selects the data of A-share real estate listed companies in China from 2011 to 2021 for empirical testing. It is found that the active fulfillment of social responsibility by real estate enterprises can help reduce financial risk, and media attention can further strengthen the weakening effect of social responsibility on financial risk. This paper provides empirical support for a comprehensive understanding of the impact mechanism of social responsibility on the financial risk of real estate enterprises, and enriches the strategic choices of enterprise financial risk management.
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REFERENCES
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Information & Authors
Information
Published In
ICCREM 2023
Pages: 910 - 915
History
Published online: Nov 30, 2023
ASCE Technical Topics:
- Asymmetry
- Business management
- Data analysis
- Disaster risk management
- Engineering fundamentals
- Financial management
- Infrastructure
- Mathematics
- Methodology (by type)
- Practice and Profession
- Real estate
- Research methods (by type)
- Risk management
- Social factors
- Sustainable development
- Symmetry
- Urban and regional development
- Urban areas
Authors
Metrics & Citations
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